Rising debt, sizzling housing markets leave Canada more vulnerable: BoC
Broader economic conditions have shown signs of improvement, the central bank says
- By: Andy Blatchford
- June 8, 2017 June 8, 2017
- 13:30
Broader economic conditions have shown signs of improvement, the central bank says
New tax rules, combined with sustained low interest rates and new capital requirements, are creating significant challenges for insurance carriers
The plans’ equity holdings grew by 4.4%
The pace of urban starts fell 10.2% during the month
U.S. markets post modest gains
Banks could be more heavily impacted in the event of an adverse unemployment shock or rapid rise in interest rates
Think-tank calls for new standards for federally regulated lenders and mortgage insurers
Price of bullion hits seven-week high
Those who received a gift from family as part of their down payment were less comfortable than others with their current level of mortgage debt
Many firms have reassessed their strategies following the global financial crisis
Certain regulations may require a public hearing process to be changed, but steps are being taken to ensure their effectiveness is eroded
Oil prices slump as tensions rise in Middle East
Brexit seen as a significant negative for U.K. investment
U.S. markets hit records in spite of weaker than expected jobs data
U.S. Life insurers unchanged
Canadian exports south of the border rose 5.4% to a record high $36.1 billion in April
Blackberry shares gain nearly 8%
Kevin Headland, senior investment, strategist, Manulife Investments, explains why risk-based asset allocation may not lead clients to their goals.
A handful of regional banks are best suited to take advantage
The deal is expected to close later this year
Further measures to mitigate speculative and investment activity should be considered
Canadian dollar slips
Myles Zyblock expects to see a broad-based improvement in corporate earnings this year, primarily driven from Europe
Business investment remains weak, IMF says
Sébastien Lavoie, chief economist, economic research and strategy, Laurentian Bank Securities, forecasts significant improvement in the Canadian and global energy sectors.