Economy

Real estate faces correction, not crash Fallback Image Decorative pattern

Economic Indicators

Real estate faces correction, not crash

While its southern neighbour teeters on the verge of collapse, Canada’s resale real estate market should see only modest price and unit sales corrections throughout 2009, predicts Royal LePage. The real estate company’s 2009 Market Survey forecasts that average house prices will dip by 3% from last year to $295,000, while transactions are projected to […]

By Kanupriya Vashisht |January 9, 2009

3 min read

Recovery will come late in 2009 Fallback Image Decorative pattern

Economic Indicators

Recovery will come late in 2009

Economic forecasts and pontification have bumped celebrity gossip off the front page since mid-September, but when top economists from the five biggest banks get together, it’s usually worth listening to what they have to say. At a breakfast meeting hosted by the Economic Club of Toronto, the consensus was that the global recession will persist […]

By Steven Lamb |January 7, 2009

4 min read

Goodbye 2008; now brace yourself for 2009 Fallback Image Decorative pattern

Economic Indicators

Goodbye 2008; now brace yourself for 2009

While almost all investors will be happy to see the end of 2008, consensus continues to build that the first half of 2009 won’t be much better. The recession that’s already taken hold of the U.S. economy will reach into Canada before a modest recovery begins in the second half of the new year, according […]

By Steven Lamb |December 31, 2008

3 min read

January rally too hard to call Fallback Image Decorative pattern

Economic Indicators

January rally too hard to call

The January effect, the well-known historical phenomenon where stocks (particularly small-cap ones) rally in the wake of a buying spree from last year’s tax-loss selling, has many perplexed this year. In most years, it’s a fairly dependable phenomenon, but recent market conditions have bucked trends rather than followed them, leaving the prognosis for a January […]

By Mark Noble |December 24, 2008

4 min read