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Economy

Canadian Household Balance Sheet and financial markets
December 12, 2024 Canadian Household Balance Sheet (2024 Q4) Canadian household wealth increased for the fourth consecutive quarter, driven by gains in financial assets. Further growth is anticipated in Q4 as North American equity markets continue to reach new record highs. An additional tailwind should come from rising home prices as consecutive 50-basis-point cuts from the Bank of Canada fuel a re-acceleration in housing activity.
The Not-So-Swift-onomics
December 10, 2024 The Not-So-Swift-onomics TD Spend data suggests that the Eras Tour boosted spending in Ontario’s services sector relative to its own performance in November of previous years, but the overall economic impact was modest.
Canadian Merchandise Trade
December 05, 2024 Canadian Merchandise Trade (October 2024) Canada’s merchandise trade balance tallied a $942 million deficit in October, registering in the red ink for the eighth consecutive month. The deficit narrowed from September's $1.3 billion deficit.
Mortgage Rule Changes to Add Fuel to Canadian Housing Recovery
October 16, 2024 Mortgage Rule Changes to Add Fuel to Canadian Housing Recovery On December 15th, the federal government will roll out mortgage rule changes that make it easier to purchase a home for those taking out insured mortgages. These measures should offer a lift to Canadian home sales and prices next year. However, their impact will be blunted by an array of factors, including the affordability erosion induced by their implementation.
Canada’s Business Dynamism in a Post-Pandemic Slump
September 16, 2024 Canada’s Business Dynamism in a Post-Pandemic Slump Already on the downshift trajectory before COVID-19, Canada’s business dynamism is struggling to get back on its feet. A slow rate of net business entries and rise in bankruptcies resulted in deteriorating business growth. Companies, employing more than 20 and less than 500 employees are at the forefront of this downturn.
U.S. 2024 Election: Economic and Financial Implications
September 13, 2024 U.S. 2024 Election: Economic and Financial Implications Elections matter for the economy, but financial markets are likely to be particularly attuned to the current election cycle given America’s unsustainable fiscal trajectory. The make-up of Congress will determine how much of the future President’s agenda can be implemented. A divided Congress will likely force the next President to make significant concessions relative to their current platform proposals.
From Bad to Worse: Canada’s Productivity Slowdown is Everyone’s Problem
September 12, 2024 From Bad to Worse: Canada’s Productivity Slowdown is Everyone’s Problem Canada has seen its productivity go from bad to worse since the pandemic. If Canada does not play to win on labour productivity, it risks a continued drop in living standards, worsening wage stagnation and a dangerous deterioration in public services.