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Category Archive for: ‘Market Commentary’

Market Commentary – 09/03/14

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP.   Are we heading for an economic “new normal” that sees slower economic growth and persistently lower interest rates? A growing number of long-range economic forecasts suggest the answer is yes. The latest report from one of the country’s big financial institutions forecasts Canada’s economic engine will be …

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Market Commentary – 08/29/14

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP.   The more you look into it the bigger the consensus seems to be: interest rates aren’t going anywhere until sometime in the second half of next year. The latest inflation figures, which showed a modest dip in the consumer price index, would seem to leave the Bank …

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Market Commentary – 04/24/13

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP.   The latest policy announcement and monetary statement from the Bank of Canada amount to good news for mortgage borrowers. The Bank is holding its benchmark rate at 1% and has lowered expectations for economic growth. The Bank is maintaining its stance that the next rate move will …

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Market Commentary – 02/21/13

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP.   Home sales in Canada appear to have successfully pulled out of the dive they went into back in July of last year. That was when the federal government tightened mortgage rules, reducing the maximum amortization period to 25 years. The January figures from the Canadian Real Estate …

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Market Commentary – 01/16/13

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP.   Speculation about the Bank of Canada’s interest rate policy is creeping back into the news again. There are suggestions the benchmark rate will be on its way up by the end of this year and the Central Bank isn’t doing anything to quell those notions.   The …

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Market Commentary – 01/09/13

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP. The latest reading by Statistics Canada puts Canadians’ household debt-to-income level at a whopping 164.7%.   That means on aggregate debts (short and long term) Canadians owe nearly $1.65 for every after-tax dollar they earn.   Canadians may feel uneasy at the attention this number is receiving, but …

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Market Commentary – 12/18/12

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP. Markets appear generally optimistic to the start of the week. There has been news of some progress in negotiations to avoid the fiscal cliff in the United State, Bond yields are up about 3 bps. Sales of existing homes fell 1.7% in Canada last month, compared to October. …

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Market Commentary – 12/06/12

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP. Canada’s housing market is showing great staying power in the face of the global economic slowdown and concerted federal efforts to cool it off. The real estate firm RE/MAX and the Canada Mortgage and Housing Corporation have both issued reports indicating this year will end almost on par …

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Market Commentary – 11/21/12

Market Commentary from First National

Here is the latest market commentary provided by First National Financial LP.   November is Financial Literacy Month and, so far, it has seen the release of two, seemingly, contradictory reports about Canadian debt.   Earlier this month, the Royal Bank reported growth in consumer debt fell 0.7% in the third quarter compared to a year ago (to 5.6% from …

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