Tag Archive: economic news


Trump vs. Xi. Let’s Get Ready to Rumble

Not much going on this weekend. Only a little meeting between the world’s two most powerful leaders about 2019’s single most important economic issue. U.S. prez Trump and Chinese supreme head communist guy, Xi, collide over trade ahead of Saturday’s G-20 summit in Japan. And, batten down the hatches, because it has the potential to be a short-term tide changer...

Canada Will See Higher Rates Before Lower Rates: Scotia

The talk of the market this month is how traders are pricing in a decelerating economy and lower interest rates — to which Scotiabank Economics replies, think again. December’s selloffs in oil and equities and incessant chatter about yield curve inversion got many thinking we’re headed towards a rate cut by 2020. But in a recent report, Scotia challenged that...

Oops – Bonds – Did – It – Again

Recessionary warnings from Apple and China, weak U.S. manufacturing data and a plunging stock market accelerated the market rate collapse today. Canada’s 5-year bond yield almost touched 1.75%, where it hasn’t been since 2017. The last time yields fell this fast was March 2015, while the Bank of Canada was in the midst of cutting rates. This is not your...

U.S. & Canada Go to (Trade) War: The Mortgage Angle

Captain Chaos, a.k.a., The Golden Wrecking Ball, a.k.a., President Donald, has just punched America’s allies in the face with a short-sighted metals tariff, a move Canada and the EU proclaimed “totally unacceptable.” Canada, being the largest exporter of steel to the U.S., immediately counter-punched today with tariffs on U.S. exports. All of this doesn’t look good if you’re hoping to...

The Fed: Half-Blind Leading the Blind

Months of Wasted Fed-Speak Summer Fed hikes are dead. But not before the economy was misread, leaving many borrowers mislead — wishing the Fed left its rate-hike calls unsaid. The U.S. Federal Reserve is having trouble seeing through the economic mist and, as this little ditty conveys, it’s confusing the heck out of borrowers. Amid its ongoing rate-hike forecasts comes last Friday’s...