Rising construction costs and supply chain snarls are limiting growth Author of the article:Yadullah Hussain Canadian housing starts remain at elevated level, but they are still trailing surging demand. Housing starts stood at 279,055 units in April, compared to 272,164 units in March, according to the Canada Mortgage and Housing Corporation. The standalone monthly seasonally […]
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Posthaste: What rising inflation means to the loonie and the timing of a Bank of Canada rate hike
Our central bank may soon have reason to welcome a higher dollar Good Morning! The Bank of Canada has made it clear it’s worried about Canada’s high-flying currency, but what if it soon had a reason to welcome it? Capital Economics says its above-consensus forecast last year that the Canadian dollar would hit 83 US […]
JPMorgan CEO Jamie Dimon warns investors not to buy crypto – and calls for clearer rules around trading it
Jamie Dimon blasted cryptocurrencies as inferior to traditional assets, warned people against buying them, and urged regulators to scrutinize them more closely at a congressional hearing this week. “Something that’s not supported by anything, I do not believe has much value,” the JPMorgan CEO said. Blockchain and stablecoins aren’t in that camp, and his opinion doesn’t dictate […]