US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts by Wolf Richter • Nov 22, 2024 • 64 Comments Amid renewed inflation worries and above-average economic growth.
US Treasury Debt Held by Foreign Investors: Ravenous Appetite for Juicy Yields, Juicy Compared to their Stuff at Home by Wolf Richter • Nov 18, 2024 • 79 Comments Will foreign investors buy the Recklessly Ballooning US Debt? Increasingly crucial question. But yield solves demand problems.
The Most Splendid Housing Bubbles in Canada, Oct. 2024: Single-Family Prices Drop Most in Toronto, Vancouver, Calgary, Ottawa. Condo Prices Hit 3-Year Low by Wolf Richter • Nov 15, 2024 • 67 Comments Toronto single-family prices -19% from peak, back to Oct. 2021. In Montreal, Quebec City, Edmonton, and Winnipeg, prices near all-time highs.
Which Foreign Countries Bought the Recklessly Ballooning US Debt: An Increasingly Crucial Question. Many Piled it up. Cleanest Dirty Shirt? by Wolf Richter • Oct 19, 2024 • 114 Comments Foreign investors had a big appetite all year for Treasury securities. But China lost interest, Japan struggled with the yen.
The Most Splendid Housing Bubbles in Canada, September: Biggest Drops in Toronto, Vancouver, Victoria, even Calgary Gives, amid Surge of New Listings. Condos Get Hit Hard by Wolf Richter • Oct 15, 2024 • 42 Comments Sellers come out of the woodwork after the rate cuts, buyers not so much. But Montreal, Edmonton, and Winnipeg play with all-time highs.
The Most Splendid Housing Bubbles in Canada, August: Home Prices -3.9% YoY, -16% from Peak with Biggest Drops in Toronto, Hamilton-Burlington, Victoria, Ottawa as Montreal, Vancouver Dip by Wolf Richter • Sep 16, 2024 • 50 Comments In Calgary, the first drop after a relentless surge. Edmonton and Quebec City set new highs.
Bank of Canada Balance Sheet QT: -52% from Peak, QT Continues even after Third Rate Cut by Wolf Richter • Sep 10, 2024 • 26 Comments Repo activity wakes up again.
Most Splendid Housing Bubbles in Canada, July 2024 – Toronto, Vancouver, Victoria, Ottawa, Calgary, Montreal, Edmonton, Quebec, Winnipeg: Market “Hits Pause” Despite 2 Rate Cuts by Wolf Richter • Aug 15, 2024 • 41 Comments Toronto single-family prices -15% from peak, condos at multiyear lows. Calgary & Quebec City reach new highs.
The Most Splendid Housing Bubbles in Canada, June: A Rate Cut, and? Overall Prices Don’t Move, -14% from Peak, -3.4% YoY. Sales -9.4% YoY by Wolf Richter • Jul 12, 2024 • 49 Comments Prices from 2 years ago: Toronto -15%, Vancouver -2.5%, Victoria -11%, Ottawa -10%, Montreal -1.8%. Calgary & Quebec set new highs.
Inflation in Canada Throws Another Curveball: Core CPI Spikes Month-to-Month by Most since 2022 by Wolf Richter • Jun 25, 2024 • 32 Comments It was obviously “unexpected.” But the Bank of Canada has been leery of this sort of mess showing up.
