Tag Archives: Canada

Why the sky still isn’t falling on Canada’s real estate market


American economist Paul Samuelson back in 1966 famously said of the predictive power of stock markets that \”Wall Street has correctly predicted nine out of the last five recessions.\” Nowadays, you could say much the same thing, in a different way, about the Canadian housing market. At $1.11 million, Toronto\’s detached home is climbing further from reach As the Toronto ...

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Canada Pension Plan said to be in talks about acquiring General Electric’s buyout-lending business


Canada Pension Plan Investment Board is within talks to buy Whirlpool Co.\’s U.S. private-equity lending business because the company accelerates plans to shed most of its finance operations, people acquainted with the matter said. Canada Pension, the nation\’s largest pension-fund manager, is working with Credit Suisse Group AG to arrange financing for any deal that will value the unit\’s equity ...

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Canada’s investment industry urges regulators to ‘step back’ from strained credit markets


Canada\’s investment industry association is urging regulators to back off shaky global credit markets. Liquidity in global bond markets has already been low, and proposed reforms?“run considerable chance of further debilitating” the credit market, warns Ian Russell, leader of the Investment Industry Association of Canada. Canada is relocating lockstep with European and U.S. regulators to overhaul the financial system, and ...

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Leveraged loan ETFs in Canada boost defences in case of selloff


Canadian exchange-traded funds that buy leveraged-loans are shoring up defences against an abrupt flight by investors. The Horizons Senior Loan ETF received approval from the Ontario Securities Commission to enhance borrowing limits to help meet potential redemptions in an asset class where it will take as long as 20 days to shut a trade. First Trust Advisors, which manages the ...

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Chances of Bank of Canada interest rate cut sit at 35%, says RBC’s Eric Lascelles


Chances the Bank of Canada will cut interest rates in the next couple of months are about one in three as a weaker currency does not boost exports and companies continue to grapple with lower oil prices, according to Eric Lascelles. Loonie overvalued by 10%, dragging on Canadian growth: CIBC CIBC World Markets says the loonie continues to be overvalued ...

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Why the Bank of Canada’s ’emergency surgery’ rate cut didn’t work


For months now, Bank of Canada Governor Stephen Poloz as well as an accompanying chorus of economists happen to be predicting that the second quarter would be turnaround time. \’R\’ word returns to haunt Canada as economy does not shake off oil price plunge Data out this week showed the damage of oil’s collapse is deeper than many thought, raising ...

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Why Canada’s economy is ‘one number removed from the unthinkable’


Canada’s economic performance in April, set to be sold by Statistics Canada , will be probably the most watched data points this season. The Bank of Canada is hoping following a dismal first quarter, the data will show the economy rebounded in April.?To date, the indicators paint a confusing picture. Manufacturing and retail sales were unexpectedly weak throughout the month, ...

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Loonie needs to be ‘low for longer’ as Canada faces more competition from Mexico


The loonie could make or break the Canadian economy in the next decade. A new report from?Russell Investments Canada says that the Canadian dollar could be more important to economic growth than the direction of commodity prices, including oil. \”Our view would be that the Canadian dollar must remain low for longer in order to regain competitiveness from the U.S.,\” ...

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Canada is already in a recession, says Bank of America, and the loonie is set to get hammered


Bank of America Merrill Lynch is just about the first bank to for a Canadian recession this year. \’R\’ word returns to haunt Canada as economy does not shake off oil price plunge Data out this week showed the damage of oil’s collapse is deeper than many thought, raising fears that we\’re slipping into recession and speculation the Bank of ...

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Active ETFs gain in Canada as challenge to high-fee mutual funds


Actively managed exchange-traded money is surging in Canada, posing challenging to the mutual-fund industry that Morningstar says has one of the highest management fees on the planet. Assets in actively traded ETFs jumped to around $7.33 billion as of May 31, up almost Half from a last year, according to data published by Bloomberg. The funds, which hire portfolio managers ...

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