Category: Uncategorized

This morning was the monthly release of the Canadian employment report. To sat it was abysmal, would be the understatement of the year. The report missed on almost every possible metric, and managed to come in below even the most conservative estimates. Total jobs added came it at 17,500, lower than the 22,500 estimate, the…

Today saw yet another disappointing Canadian data point. GDP for August was released and came in at exactly 0%. That was well below even the already lowered consensus estimate of a .10% gain. While the August number gets all the attention, many people missed the revised July number that was revised…..are you ready for it….lower,…

While you would be forgiven for thinking this blog post was about budgeting – it is actually a look at none other than Wal Mart. We all know Wal Mart. We all have shopped at Wal Mart. We may not like Wal Mart, but we always seem to go to Wal Mart. Wal Mart is…

As a shock to almost no one, the BOC held the overnight rate steady this morning. While it may seem like a nothing burger, I imagine the release notes, and speeches afterwards to be potentially market moving. Everyone pretty much expected rates to remain the same, but what key officials have to say in terms…

No matter what profession you are in, no matter where you live, China has a very large impact on your daily life – whether you know it or not. China has been an up and coming powerhouse – economically speaking for years now. While we may not always agree with their environmental record, their labour…

It is often said that what goes up must come down. Nothing guarantees that outcome, but it is usually a safe bet. A couple of weeks ago, we discussed the shorts in the treasury market, and the how when yields go up, bond prices go down. I referenced a lot of market players that were…

From time to time, we all make mistakes. I am no different than anyone else, and missed something in OFSI’s release on Monday. It appears that OFSI will allow insured mortgages to switch at renewal to a new lender without the MQR being applied. Insured only. No uninsurable, and no insurable – just insured. No…

Canadian inflation was released this morning, and it came in lower than expected at 3.80% when the estimate was 4.0%. Inflation was down .10% month over month. Was Septembers increase in inflation a blip? Time will tell. Inflation had been trending lower, with a sudden jump up in September. Flash in the pan? Maybe. Bond…

Today marked what was to be a big day in the world of financing…….until it wasn’t. Today was the day OFSI was to release the highly anticipated changes and updates to B-20 guidelines for financing. You would be forgiven for not knowing, as the announcement ended up being, well, no announcement really. A quick description…

There are many things that come to mind when you think about service. Could be the waiter or waitress that served your dinner. Perhaps you went to Service Canada and got something done. Growing up in the country it was even common to hear a farmer say that the bull serviced the heifer. The word…