While Canada’s economy recorded its largest-ever annual GDP drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of Canada’s hand in reining inflation in sooner than anticipated. “That carries potentially strong policy implications for the Bank of Canada that is increasingly looking as if [&hellip…
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National Bank of Canada has reported that a Canadian household occupying the average income bracket would need around 60 months to save the minimum down payment for a residential property purchase. Assuming a 10% savings rate and a 6% down payment, this was the longest saving period calculated in around four decades. The reading significantly exceeded [&hellip…
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It didn’t take long for newly elected US president Joe Biden to start exercising his executive authority by sandblasting a host of Trump’s policies. But one of his first acts in office, reversing Trump’s 1997 approval the Keystone XL pipeline, a project that would have delivered 800,000 barrels of oil a day from eastern Alberta [&hellip…
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