
Blog posts tagged by tag: Canada
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Loonie plunges to the lowest level since February 2016 in March
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Canada in 2019: Interview with a Top Economic Forecaster
FocusEconomics’ economist Christopher Thomas sat down with Benoit Durocher, a senior economist following Canada at Desjardins Group, in mid-November for a wide-ranging discussion about what might lie ahead for Canada’s economy in the New Year. Their conversation, presented below, has been condensed and edited for clarity.
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Canada: When your neighbor’s house is on fire…
Morning sickness hit global markets this morning, as the world begins to digest the political earthquake that took place yesterday. Declines were recorded in major stock indices and currencies fluctuated as Republican candidate Donald Trump astounded pollsters and won the U.S. presidential election, after a divisive and controversial campaign. The result surprised the vast majority of our analysts, over 80% of whom had expected a victory for Democratic candidate Hillary Clinton, and has heightened global uncertainty dramatically. Our analysts saw Clinton as having a better economic plan, a better grasp of economics and assembling a better economic team than Trump, which combined would help fuel faster growth in the U.S. As a result, the surprise election of Trump has cast a cloud over the outlook of the world’s largest economy. While Trump’s inconsistent and impractical campaign pledges make it difficult to decipher the impact his Presidency will have, major policy changes in the U.S. could have spillover affects felt across the globe.
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Canada's Overvalued Housing Market
It has been said, that aside from hockey, real estate is Canada’s national sport. But it is not all fun and games. A number of sources have claimed that the Canadian housing market, particularly in large Canadian cities, is overvalued, and has been for several years. An overvaluation implies an imbalance with a market correction down the line. Such an imbalance could have serious destabilizing effects on the Canadian economy and potentially the global economy depending upon the severity of the overvaluation and abruptness of the revaluation. While most analysts agree that an overvaluation does exist, no one seems able to agree on by how much. Estimates are varied; recent estimates from January have ranged from a modest 7% by the IMF to a whopping 60% by Deutsche Bank.
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Featured Posts
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Will Italy be the first target of the ECB’s new anti-fragmentation tool, the TPI?
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What does the U.S.-China tussle over Taiwan mean for the global economy?
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Why does Latin America have a growth problem?
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Why is OPEC struggling to raise oil output?
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Fed hikes rates: How high will rates go in 2022?
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The Euro area’s labor market: A bright spot on a gloomy horizon
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MENA's regional growth is set to pick up pace this year. In oil exporting countries, higher OPEC+ quotas on average… https://t.co/mCrWgrB7br
5 hours ago
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Our panel of analysts again revised their Q4 2022 energy price forecasts slightly downward this month due to dimini… https://t.co/J5LtQPblIo
3 days ago
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The announcement of a new policy tool, the TPI, accompanied the ECB’s hawkish turn in July. Our newest insight piec… https://t.co/XNEQfxf3PZ
6 days ago
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The Euro Area economy expanded at a faster pace in Q2. The economy grew 0.6% in seasonally-adjusted quarter-on quar… https://t.co/mke3sYue6l
1 week ago
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Inflation in G7 economies will increase this year on higher commodity prices. That said, inflation will ease notabl… https://t.co/cC4Px5Trbx
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