Friday, June 18, 2010

TD Bank Report

I cannot find the original report, however there are many places on the net which each report parts of it. Here are some interesting high-lights:

1) Expect housing to drop 7% from 2010 highs

2) Expect Bank of Canada rates to be 1% by the end of this year and 3% by 2011 even as growth slows.

The second forecast seems to go against what the man with his finger on the button, Mark Carney, is saying.

3) 95 cent Loonie +/-

Here is a brief review:

And here is a BNN interview with one of the TD economists. Canada has now surpassed the US in terms of consumer debt to income. Yippeee! time for a party!

This makes up for not winning the Stanley Cup.