Canadian Big Banks Move to Match Rate Hike

Headline: Big banks move to match Bank of Canada’s rate hike: Central bank notes ‘uncertainty about the future of NAFTA’ as it hikes rate for 3rd time since last summer.

Via: CBC News

BC consumers fearful of ability to pay bills if interest rates rise

Headline: B.C. consumers fearful of not being able to pay bills as interest rates expected to rise, says poll.
About 40 per cent of respondents say they are within $200 of financial crisis.

Via: CBC News

Mortgage Rate Hike

Headline: TD and CIBC join RBC in hiking mortgage rates ahead of Bank of Canada decision next week: NAFTA risks should remain on the back burner, says one analyst.

Via: Financial Post

Wage Hikes Could Cost 60,000 jobs in Canada

Headline: Minimum wage hikes could cost Canada’s economy 60,000 jobs by 2019: 8% of Canadian workers make minimum wage, and even those making slightly more likely to see higher wages

Via: CBC News

How New Regulations Might Affect Housing Market in Canada 2018

Headline: Stress tests, foreign buyers and higher rates likely to impact housing market in 2018: New OSFI regulations and a requirement for more open data have changed the rules.

Via: CBC News

Rate Hike Might Come Sooner

Headline: Early Christmas for Canadian economy might mean rate hike sooner.

Via: Financial Post

Loonie Outlook Strong – Financial Post

Headline: Loonie outlook for 2018 solid despite looming U.S. and domestic risks: The Canadian economy – and the loonie – is better equipped to deal with any negative developments in 2018

Via: Financial Post

Conference Board’s Year in Review and Look Ahead

Headline: Year in Review and Look Ahead: Canadian Economy Delivered Stellar Growth in 2017, but Will Slow Significantly in 2018.

Via: Conference Board of Canada


BOC Governor Identifies Debt Load and Cyperthreats as risks

Headline: Bank of Canada governor sees risk everywhere — but that’s part of the job.

Via: CBC News

Key Economic Factors Affecting GDP Growth

Headline: Declines in oil investment, housing, consumer spending to halve Canadian GDP growth: report.

Via: Financial Post