Monday Monitor for May 8th, 2017
The Last Week
Entrepreneurs and business owners pull through to be the major engine of modest job growth for a mixed Canadian April jobs report. This contrasted the stronger U.S. job growth at 211,000 in April above the consensus forecast of 190,000. While each central bank held their interest rate policies in tack with neither an increase in central rates or investment strategies. Read more
The Week Ahead
The real estate market in Canada attracts much debate with its bubbles and ‘flippers.’ This week we will receive an update on residential building permits and housing starts. Remember the tax reporting requirements for principle residence have changed for 2017. Read more
The World At Large
Financial markets reacted very positively to the defeat of the nationalist party, Le Pen in the French election. “We took one of the biggest risk events of the year off the table,” said Tom Hainlin, global investment strategist at Ascent Private Capital Management. “I think people will now be focusing on the fundamentals — which have been good — and the European Central Bank, which continues to be accommodating.” Read More