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.
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.
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.
September 12, 2024
Canadian Household Balance Sheet (2024 Q2)
Despite an acceleration in liabilities growth and a decline in real estate assets, Canadian households' wealth eked out another quarter of gains thanks to solid growth in U.S. equities and a solid contribution from savings in deposits as gains in disposable income outweighed increases in nominal consumption expenditure.
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.