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Everything is a Choice
Happy Monday Morning! Many of the issues we are facing today are policy decisions. They are choices made by elected officials. While I believe most…
Steve Saretsky
Mar 27
31
10
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Everything is a Choice
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Gone Missing
Happy Monday Morning! National housing data dropped for the month of February, and there’s a lot to unpack here. Home sales plunged 40% year-over-year…
Steve Saretsky
Mar 20
16
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Gone Missing
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Gradually, then Suddenly.
Happy Monday Morning! Central banks finally broke something. After leaving rates hovering near zero for over a decade and engaging in trillions of…
Steve Saretsky
Mar 13
39
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Gradually, then Suddenly.
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Extend and Pretend
Happy Monday Morning! Canadian banks reported first quarter earnings this past week. Those earnings provided an important glimpse into what’s shaping…
Steve Saretsky
Mar 6
40
11
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Extend and Pretend
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February 2023
Banking on the Gravy Train
Happy Monday Morning! Some good news on the inflation front in Canada this past week. Headline inflation ticked in at 5.9% year-over-year, below market…
Steve Saretsky
Feb 27
14
2
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Banking on the Gravy Train
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Social Crisis
Happy Monday Morning! National housing figures dropped this past week, and it wasn’t pretty. January home sales fell 37% year-over-year, a sharp decline…
Steve Saretsky
Feb 20
12
3
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Social Crisis
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Swimming Naked
Happy Monday Morning! Those holding their breath for an easing in mortgage rates were delivered some tough news last week. The Canadian labour market…
Steve Saretsky
Feb 13
14
1
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Swimming Naked
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No Bull, Caution Ahead
Happy Monday Morning! Lots of chatter these days about increased activity in the housing market. It’s true open houses are busier, stale inventory…
Steve Saretsky
Feb 6
9
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No Bull, Caution Ahead
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January 2023
Finding a Bid
Happy Monday Morning! As expected, one and done from the BoC this past week. Here’s Tiff Macklem, “With today's modest increase, we expect to pause rate…
Steve Saretsky
Jan 30
8
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Finding a Bid
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A Healthy Cleansing
Happy Monday Morning! We got more encouraging news on the inflation front. Consumer prices in Canada fell on a seasonally adjusted basis, dropping -0.1…
Steve Saretsky
Jan 23
11
1
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A Healthy Cleansing
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Big, Fat, Laggy Indexes.
Happy Monday Morning! Canadian inflation data drops this week on Wednesday, January 17th. This will be an important headline given that the Bank of…
Steve Saretsky
Jan 16
11
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Big, Fat, Laggy Indexes.
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Brace for a Year of Volatility Ahead
Happy Monday Morning! Back to our regularly scheduled programming after a few weeks off during the holidays. Last year was an eventful year across the…
Steve Saretsky
Jan 9
8
5
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Brace for a Year of Volatility Ahead
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