Veeran's Aunt
New member
I believe Canadian economy is currently at Expansionary phase. The economy had just recovered from a trough earlier in the year.
I think we are at speedup in the pace of economic activity. Real GDP is starting to increase. Demand is getting stronger. Hoping to see the unemployment rate falling. We are starting to see more people getting jobs back. Currently the unemployment rate is 8.6% (highest in past 10 years). Interest rates are lower. rime interest rate 2.25%(very low, lowest in past 10 years) meaning value of the money is low, but soon time it will be going up. So all those who got loans and mortgages at such low rate will soon be paying much more. low mortgage rates will create strong growth in employment and personal income which will led to an increase in housing demand. Inflation rate .1%
Retail sales 1% (much better, improving or we can say, since the value of the money is so low, people are spending more)
Housing starts 157.4(price of the house is low but its starting to go up, since people are making it to go up).
Please give me your inputs
I think we are at speedup in the pace of economic activity. Real GDP is starting to increase. Demand is getting stronger. Hoping to see the unemployment rate falling. We are starting to see more people getting jobs back. Currently the unemployment rate is 8.6% (highest in past 10 years). Interest rates are lower. rime interest rate 2.25%(very low, lowest in past 10 years) meaning value of the money is low, but soon time it will be going up. So all those who got loans and mortgages at such low rate will soon be paying much more. low mortgage rates will create strong growth in employment and personal income which will led to an increase in housing demand. Inflation rate .1%
Retail sales 1% (much better, improving or we can say, since the value of the money is so low, people are spending more)
Housing starts 157.4(price of the house is low but its starting to go up, since people are making it to go up).
Please give me your inputs