TD Canada Trust provides a weekly economic highlight report that we choose to share with our clients and those who follow us. This is an easy place to stay current on the broader economic conditions in Canada and the U.S. so that you are better informed to make stronger decisions around your own real estate …
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Below is a quick snapshot of the Ottawa Real Estate Market and a link to our full newsletter. October Newsletter Summary: September 2018 saw 1,393 homes sell in Ottawa, compared to 1,383 in September 2017, an increase of 0.7%; The average sale price in September 2018 for a home in Ottawa was $449,613 an increase …
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U.S. Highlights Foreign central banks took center stage this week. The Central Bank of Turkey raised its policy rate to 24% from 17.75% in the hope of retaining and attracting new foreign capital. The ECB confirmed it will taper its asset purchases to €15 bn a month in October, with the program slated to end …
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Below is a quick snapshot of the Ottawa Real Estate Market and a link to our full newsletter. September Newsletter Summary: August 2018 saw 1,586 homes sell in Ottawa, compared to 1,535 in August 2017, an increase of 3.3%; The average sale price in August 2018 for a home in Ottawa was $433,684 an increase …
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U.S. Highlights Concerns about emerging markets continued to weigh on investor sentiment this week, with the selloff in EM assets and currencies spreading beyond Turkey and Argentina. Meanwhile, domestic data remained positive. ISM indices for both manufacturing and services sectors rose handsomely in August. The payroll report delivered another batch of good news with 201k …
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Canadian Highlights The Canadian dollar edged higher this week as dovish comments by Federal Reserve Chair Powell weighed on the greenback. A softer dollar also supported oil prices, with the benchmark WTI up close to 5% from its close last week to just shy of $70 a barrel (as of writing). It was a light …
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U.S. Highlights Concerns about Turkey drove market volatility this week, but U.S. equity markets managed a rebound. Strong retail sales and historically-high small business optimism suggest a strong economic expansion in the U.S. this quarter. Although concerns eased by week’s end, Turkey is not out of the woods yet. It remains in the early stages …
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Below is a quick snapshot of the Ottawa Real Estate Market and a link to our full newsletter… August Newsletter Summary: July 2018 saw 1,614 homes sell in Ottawa, compared to 1,524 in July 2017, an increase of 5.9%; The average sale price in July 2018 for a home in Ottawa was $441,206 an increase …
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U.S. Highlights The U.S. economy generated solid job growth in July with payrolls expanding by 157k (170k private). The unemployment rate edged down to 3.9% (from 4.0%) and the core (25-54) labor force participation rate moved higher. Tariff concerns were once again in the spotlight. While the U.S. and EU called a truce, the battle …
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U.S. Highlights U.S. economic growth topped 4% in Q2 for the first time since 2014. Consumer spending bounced back and resumed its leader status, but non-residential investment (+7.3%) and net exports also provided a helping hand. Residential investment remained a soft spot, falling 1.1% in the quarter. Housing data out this week added to the …
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