Dan Vieira · @danvieira
158 followers · 1486 posts · Server mstdn.social

“The presence of investors in real estate markets can amplify house price cycles,” the Bank of Canada said in a note accompanying the data. theglobeandmail.com/business/a

#cdnecon #toronto #Tore

Last updated 1 year ago

Phil Smith · @PhilSmith
92 followers · 122 posts · Server econtwitter.net

Extraordinary changes in multi-factor productivity, capital intensity and labour input composition account for the unprecedented swings in Canadian labour productivity between 2020 and 2023. For discussion see: philip635.substack.com/p/inter

#cdnecon

Last updated 1 year ago

Dan Vieira · @danvieira
153 followers · 1348 posts · Server mstdn.social

'There is no province in Canada where workers can afford an apartment at minimum wage. The neighborhood-level data paints a dire picture of out-of-control rents.' monitormag.ca/reports/cant-aff

#Inflation #vanre #Tore #canlab #cdnecon

Last updated 1 year ago

Dan Vieira · @danvieira
152 followers · 1336 posts · Server mstdn.social

🤔 "An assessment of housing price valuations in Canada during the fourth quarter of 2021, carried out by Moody’s Analytics, found that Peterborough homes were overvalued by a jaw-dropping 107.8%. It just beat out St Catharines-Niagara for the title, with homes there said to be overvalued by 106.9%" storeys.com/peterborough-ontar

#Inflation #cdnecon #Tore

Last updated 1 year ago

Dan Vieira · @danvieira
151 followers · 1311 posts · Server mstdn.social
Dan Vieira · @danvieira
151 followers · 1311 posts · Server mstdn.social
Dan Vieira · @danvieira
152 followers · 1298 posts · Server mstdn.social

Gap Between Canada’s Rich and Poor Is Widening at Record Pace bit.ly/46Aupv9

#Inflation #vanre #Tore #cdnecon #inequality

Last updated 1 year ago

Dan Vieira · @danvieira
142 followers · 1223 posts · Server mstdn.social

Canada bank regulator says lenders should urgently tackle risks from mortgage extensions reut.rs/3NqQxjd

#Inflation #cdnecon #vanre #Tore

Last updated 1 year ago

Dan Vieira · @danvieira
142 followers · 1223 posts · Server mstdn.social
Phil Smith · @PhilSmith
90 followers · 119 posts · Server econtwitter.net

The 12-month change in the national payroll was 7.3% in May, down from 7.9% in April, according to the LFS. Average hourly earnings were up 5.1%, employment up 2.4% and average weekly hours worked were down 0.3%.

#cdnecon

Last updated 1 year ago

Phil Smith · @PhilSmith
90 followers · 118 posts · Server econtwitter.net

As strong as the volume of Canadian household spending was in the first quarter, it remained below the pre-pandemic trend line. In value terms, however, spending remained well above the trend line and the gap continued to widen, due to still-high consumer price inflation.

#cdnecon

Last updated 1 year ago

Phil Smith · @PhilSmith
90 followers · 117 posts · Server econtwitter.net

Household spending rose a hefty 1.4% in volume in Q1, fuelling a strong quarter, StatCan told us yesterday. But the monthly pattern shows it was weakening at the end of the quarter. Goods spending dropped an estimated 1.0% in March and services spending was flat.

#cdnecon

Last updated 1 year ago

Phil Smith · @PhilSmith
90 followers · 116 posts · Server econtwitter.net

I invite you to take a look at my latest substack piece on Canada's productivity performance compared to that of other countries. philip635.substack.com/p/produ

#cdnecon

Last updated 1 year ago

Dan Vieira · @danvieira
139 followers · 1172 posts · Server mstdn.social
Phil Smith · @PhilSmith
89 followers · 114 posts · Server econtwitter.net

SEPH data for March indicate that Canada's aggregate payroll was up just 4.7% vs a year earlier, with employment up 3.3%, average hourly earnings up 2.5% and average weekly hours worked down 1.2%. It seems inflation and the economy are both slowing.

#cdnecon

Last updated 1 year ago

Phil Smith · @PhilSmith
89 followers · 113 posts · Server econtwitter.net

A good sign for inflation: the big surge in Canadian factory-gate prices has clearly come to an end (for now, at least). It fell 0.2% in April vs March and 3.5% vs April 2022.

#cdnecon

Last updated 1 year ago

Dan Vieira · @danvieira
136 followers · 1130 posts · Server mstdn.social

🤔 The Consumer Price Index () rose 4.4% year over year in April 2023, following a 4.3% increase in March. www150.statcan.gc.ca/n1/daily-

#cdnecon #Inflation #cpi

Last updated 1 year ago

Dan Vieira · @danvieira
136 followers · 1062 posts · Server mstdn.social

If you're making so much goddamn money, why do you keep asking for tax breaks?
---
RT @LNGAction
The women and men who are the industry are massive contributors to our national quality of life.
twitter.com/LNGAction/status/1

#canadianenergy #cdnecon

Last updated 2 years ago

Dan Vieira · @danvieira
135 followers · 1036 posts · Server mstdn.social

'It won’t surprise you to hear that we are not wearing rose-coloured glasses.' theglobeandmail.com/business/a

#Inflation #cdnecon #vanre #Tore

Last updated 2 years ago