Some of you, like me, may be pleased to note that the 5-year Canada Government Bond closed at 2.495% earlier this afternoon, an increase of 3.02%. In fact bond yields have been rising since mid-October, when the second round of quantitative easing (QE2 – No Virginia, that is not a ship) was implemented by the US Fed. [...]
Rising Yields is a Good Sign
Buying or selling a house is a big deal. Most people thus seek expert advice and assistance. That advice comes mainly from real estate agents, who are represented by the Canadian Real Estate Association (CREA). Until now, however, the system has been designed to serve agents, and the brokers who employ them, at the expense [...]
CREA fought tooth and nail to keep its tight grip on fees
Today, the Scotia Bank released its latest Economic Special Report. See below. It’s worth a read. However, I think the report is unduly optimistic. Read between the lines in the section on Households. I am not that reassured. I think Canadian households will have to continue to trim back in order to handle interest rates [...]
There is understandable concern about the rapid rise in borrowing