Canadian housing starts rose to their strongest level in seven months in May, as the industry rebounds from the impact of a harsh winter.
A defiant fist pump from one of Quebec’s richest men will probably cost Quebec Premier Pauline Marois the election on April 7.
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.
Canada’s merchandise trade balance swung to a surplus in February, with rising exports of automobiles and energy outpacing record imports.
Bank of Canada Governor Stephen Poloz said interest rates will probably be lower than they have been in past economic cycles once the current recovery is complete.
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.
The era of easy money is shaping up to keep going into 2014.
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.
Bank of Canada Governor Stephen Poloz surprised investors by dropping language about the need for future interest rate increases, a move that’s leading to investor speculation about possible rate cuts.
"After what were probably weather-related interruptions over Q1 during a worse than average winter for many regions of the country, the average pace of homebuilding activity is on the mend."
- Derek Holt on Jun 09, 2014