Tighter mortgage rules may yet save us from ourselves:
A different perspective on the new changes to the mortgage industry, that might assist you in explaining the “why” to your clients.
http://www.edmontonjournal.com/business/Tighter+mortgage+rules+save+from+ourselves/4142963/story.html#ixzz1Bh9tE9rF
Consumers continue to buck up Canadian economy as retail sales jump:
http://ca.finance.yahoo.com/news/Consumers-continue-buck-capress-1176055459.html?x=0
* TSX -72.75 to 13,258.57 led by losses in the tech sector
* DOW +49.04 to 11,871.84
* Dollar +.17c to 100.46c USD The perky retail sales numbers helped push the Canadian dollar up
* Oil -$.48 to $89.11 USD per barrel It was a second day of losses in the mining sector after news that fourth-quarter economic growth in China was stronger than expected, raising fresh concerns that monetary authorities there may have to do more to cool that country's economy to ease inflationary pressures. That, in turn, tends to weigh on commodity prices amid concerns that a slowing economy will affect demand for oil and metals
* Gold -$5.50 to $1341.00 per ounce
Canadian 5 yr bond yields markets +.03bps to 2.60. The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is now in the lower end of the comfort zone at 1.39. http://www.tmxmoney.com/HttpController?GetPage=BondsAndRates&Language=en
(Courtesy of Barb Morgan, DB Ontario Southwest)
