Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary Fund.
“The potential gains are sizable and could increase real GDP by almost four per cent — a much larger gain than expected from recently signed international trade agreements.” The forecast for 2019 matches Bank of Montreal’s forecast from last month. Statistics Canada said the growth rate in 2018 was 1.8 per cent.
“The government is under pressure to ease macroprudential policy or introduce new initiatives that buttress housing activity,” said the IMF in its report.
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Household debt, housing worries easing but other concerns persist, Bank of Canada saysThe central bank says Canadians are borrowing less and the Toronto, Vancouver housing markets have cooled but the risk to the financial system has ‘slightly’ increased globebusiness Hey, the household debt will balance itself. globebusiness Household debt has not eased you idiot it takes more than a couple months for that... globebusiness What is he and his ilk going to do about the Financial capitalists that are literally destroying world economy?
Source: globeandmail - 🏆 5. / 92 Read more »
Evening Update: Air Canada in exclusive talks to buy Transat; Scheer outlines economic prioritiesAlso: Bank of Canada says household debt, housing worries easing but raises other concerns I'm not happy. I've preferred Transat over Air Canada in my airline travel choice in the last years that I've flown for three trips overseas. Transat beats in everything: price and better customer service and service on board. Sad news for me today. What is the Chinese percent of ownership of Air Canada?
Source: globeandmail - 🏆 5. / 92 Read more »
Vice-chair of U.S. Senate intelligence committee urges Canada to bar Huawei from 5GDemocratic Senator Mark Warner says although the Trump administration has damaged relations with foreign allies through ‘America-only-centric’ actions, it is in Canada’s best interest to protect its communications system GlobeTechnology Move on to 6G. Add more security measures to the standard. Huawei or not, your hackers are gonna have a field day. GlobeTechnology Canada should not take orders from US. CANADA has its own place and relationship with the countries of the world and is respected more than US! GlobeTechnology 'urges'
Source: globeandmail - 🏆 5. / 92 Read more »
Bank Of Canada Names Climate Change As Key Economic RiskThe central bank now considers it to be as large a threat as excessive household debt and overpriced houses. Long overdue that we prioritize climate change! ah when u base a lie on nothing? what good is 5g if a leaf can end your call? cstclair1 All I know is, it won’t be good.
Source: HuffPostCanada - 🏆 61. / 53 Read more »