March Housing Starts Held Steady in Canada

The national trend in housing starts resumed its downward trajectory in February while still remaining above historical average. Both single-detached and multi-unit dwellings starts trended lower. Higher mortgage rates combined with still-favourable, but less stimulative economic conditions have contributed to softer demand on new home markets in urban centres. The trend in housing starts was […]

Canada: Building permits, February 2019

Canadian municipalities issued $7.8 billion worth of building permits in February, down 5.7% from the previous month. The decline was largely due to lower construction intentions for multi-family dwellings. Multi-family dwellings lower in February The value of permits for residential buildings declined 8.5% in February to $4.9 billion, the lowest level since April 2017. The […]

ECB debated risk of low rates for too long

European Central Bank policymakers debated the risk that ultra-low interest rates pose to banks, the accounts of the March meeting showed on Thursday, likely fuelling a debate about measures to aid lenders. Fearing a sharp slowdown in economic growth, the ECB reversed course last month, delaying a planned interest rate hike until 2020 and giving […]

U.S weekly jobless claims lowest since 1969

The number of Americans filing applications for unemployment benefits dropped to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969, the […]

Pound sterling in the shop window

Wednesday April 3: Five things the markets are talking about Global equities are better bid in the overnight session on renewed optimism that China and the U.S would reach a deal as trade talks resume in Washington. According to a FT report today, the world’s two largest economies are “still at odds on carrying out […]

Dollar Stronger, awaiting Brexit and Trade

March 25-29, 2019 A number of sovereign yields have plummeted to new year lows while risk aversion trading strategies have tended to dominate proceedings as U.S/China trade talks (Mar 28/29) remain a focus along with U.Ks Brexit next steps. U.S recessions fears are being stoked by the inversion of U.S three-month bill rates and the […]