Douglas Porter
Douglas Porter
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Clearly, Alberta is ground zero for wage pressures.
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Forecasts of parity (with the U.S. dollar) are multiplying faster than bunny rabbits in May.
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Canadian consumer spending is finally poised to hit the brakes after a spectacular run earlier this year,
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It's a red flag. Any time the nation's largest retailer stumbles a bit, it's a warning sign.
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I think it will improve liquidity and the attractiveness of owning Canadian financial assets, although I don't see it as a watershed event for Canadian financial markets.
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While the economic data have been all over the place in recent weeks, there are no obvious signs that the economy is cracking in the face of record energy prices. Indeed, the export and production data have been surprisingly perky.
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Usually the incentives and the ways builders are allowed to design subdivisions to allow for extra densities sooner or later reduces that cost by a lot.