Here are two somewhat contradictory articles. On the one hand, Canadians are less optimistic about the economy. Yet the other article talks about how the housing market in 2011 might be stronger than forecasted.
Your success in 2011 may have more to do with how well you can convince potential customers that it s still a good time to buy or refinance.
Canadians less optimistic about economy than a year ago
Canada's housing market could prove more resilient in 2011 than predicted
· TSX +80.59 to 13,892.52
· DOW +71.52 to 12,233.15
· Dollar -.45c to 100.54c USD slid to a one-week low against the U.S. dollar as oil prices were undermined by news that Suez Canal operations were unaffected by strikes, calming concerns about Mideast supplies.
· Oil -$.54 to $86.94 USD per barrel after China increased key interest rates to help slow inflation in its growing economy. That raised concerns that the country's thirst for oil would diminish as well.
· Gold +$15.90 to $1364.10 per ounce
· Canadian 5 yr bond yields markets up another +.06bps to 2.77. The yield on Jan 31 was 2.49! That’s an increase of 28bps. in February. The spread (based on the NEW MERIX 5 yr rate published rate of 4.24%) is now back into mid comfort zone at 1.47.
(courtesy of Barb Morgan, DBD Ontario Southwest)
