My fellow partisans: How we can yell at each other more thoughtfully + MORE Mar 31st

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CIBC kicks off bank earnings week with 25% profit rise May 24th

The Canadian Imperial Bank of Commerce's latest quarterly earnings beat market expectations with a double-digit profit bump on strong earnings south of the border and at home, despite slowing domestic mortgage growth..... More »

Benefits of Homeownership Reaffirmed in New Study Sep 18th

Despite deteriorating housing affordability across the country, buying a home is still the more affordable option when compared to renting. A new report from Mortgage Professionals Canada has determined that, despite the rapid rise in home price, those who are able to invest in a home would end up .... More »

The Latest in Mortgage News – Is the Housing Market Turning a Corner? Aug 10th

While Vancouver area home sales are still posting year-over-year declines, signs are appearing in the Greater Toronto Area that the worst of the housing correction is now over. Experts say that likely won’t be enough to stave off a slowdown in national GDP growth, however, which in part will b.... More »
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Record-Low Variable Rate Wars EXPIRE THURSDAY… Don’t miss out! + MORE May 30th

The incredible variable rate wars we’re seeing this month are about to come to a close! It would be a shame to miss out on these savings! And, while there is a possibility that they’ll extend into June, I wouldn’t risk it – deep savings like these don’t come around eve.... More »

Bank of Canada raises benchmark interest rate to 1.5%, noting trade tensions - CBC.ca + MORE Jul 11th

CBC.caBank of Canada raises benchmark interest rate to 1.5%, noting trade tensionsCBC.caFor the fourth time in a little over a year, the Bank of Canada has raised its benchmark interest rate, a move that will increase the cost of borrowing for Canadians with variable-rate mortgages and lines of cred.... More »
Jason Lietaer is a conservative strategist and commentator who is the president of the national communications firm Enterprise Canada. He is an aspiring participant of championship parades to be held for the Leafs and Raptors.
Over the past several years, fuelled by the rise of social media and an increasingly politically divided populace around the world, excessive partisanship has flourished. It’s a growth industry. If it were a stock, you would buy. You would mortgage your house to buy and then buy a little more on margin, just to be safe.
I think most thoughtful people consider this is to be bad. The tone of the last U.S. election campaign could be compared to a raging dumpster fire, but that would be an insult to dumpsters, to fires, and to dumpster fires.
One of the men in my line of work, a genuinely nice guy named Ian Capstick, wrote a piece in Maclean’s announcing he was done with partisanship. The piece calls for more empathy, more reasoned debate and a little bit of self-awareness…

Continue Reading On macleans.ca »

OTTAWA _ The Canadian economy contracted 0.1 per cent in January, hurt by unscheduled maintenance shutdowns in the oilpatch and weakness in the real estate sector following mortgage rule changes, Statistics Canada said Thursday
The agency said the drop in real gross domestic product for January compared with growth of 0.2 per cent in December.
Economists had expected an increase of 0.1 per cent for the first month of the year, according to Thomson Reuters.
“This year started off with more of a whimper than a bang, at least from a growth perspective,” TD Bank senior economist Brian DePratto wrote in a report.
“As usual though, the trend is more important than the noise. Clearly the pace of economic activity has moderated from last year’s red-hot first half performance, but this is to be expected in an economy with little slack remaining.”
Goods-producing industries fell 0.4 per cent in January, while services-producing industries was essentially unchanged for the month…

Continue Reading On canadianbusiness.com »

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