Wednesday, August 20, 2014
CREA, the industry group for real estate agents, said sales were up 0.8% last month from June, surpassing June’s downwardly revised 0.6% increase. Actual sales for July, not seasonally adjusted, were up 7.2% from July 2013.
Canada’s housing market has roared back to life after an especially brutal winter that hurt home-building, sales and prices. The bounce-back has been bolstered by low mortgage rates, which are not expected to rise significantly until 2015.
Click here to read the full story!
Tuesday, August 5, 2014
“If you went back to the start of the year, there was an absolute consensus that bond yields were going to head higher,” explains Toronto-Dominion Bank chief economist Craig Alexander. “Not dramatically, but there was an absolute consensus that bond yields would be increasing through the course of 2014. So, one of the big surprises this year has been the drop in bond yields.”
Canadian bond yields tend to mirror those in the U.S. because the market views the securities as alternatives to one another.
Click here to read more about the 5 yr term holding firm.