Investors who bought C$3 billion ($2.87 billion) worth of Canadian two-year bonds this week overpaid because the Bank of Canada may raise interest rates faster than is reflected in the yield.
Home sales in Canada’s largest markets surged in September from a year earlier as historically low interest rates continue to lure buyers.
Bank of Canada Governor Mark Carney may signal this week he’d rather raise interest rates gradually starting in June instead of waiting until July and moving in larger increments, economists said.
Canadian housing starts rose to their strongest level in seven months in May, as the industry rebounds from the impact of a harsh winter.
Canada’s housing market will have a “soft landing” after years of strong gains and recent steps by policy makers to curb demand, said Michael Gregory, senior economist at BMO Capital Markets.
A defiant fist pump from one of Quebec’s richest men will probably cost Quebec Premier Pauline Marois the election on April 7.
The era of easy money is shaping up to keep going into 2014.
"I cannot believe how broadly based the revisions are."
- Derek Holt on Aug 15, 2014