Timeless Lantern @TimelessLantern

The difference between Canada and the US, latest economic parameters: #inflation #Unemployment #interestrates It is amazing how much stronger the US economy is.

With officially a new bull market, let's review some economic parameters: 3- Leading Economic Index (LEI) contracted 3% over the last six month (lower contraction compared to the preceding 6 months) For the first time in two years, LEI does not signal a recession. #Bullrun2024

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With officially a new bull market, let's review some economic parameters: 2- Consumer confidence was the lowest in Aug. 2022 (even below COVID hit). It has improved and now sits at the same level of the COVID onset. #Bullrun2024

With officially a new bull market, let's review some economic parameters: 1-M2 money supply has not changed since Oct. 2021 (2 years and 6 months) while an increase of 5%/year is needed for growth. #Bullrun2024

Where is the #recession (by most recent graphs)? #1 M2 money supply is essentially unchanged since Aug. 2021 (that is 2.5 years). You need 5% increase/year in M2 for growth.

Bank of Canada held the #interestrates steady at 5%. They expect #inflation to be around 3% in 2024 and come down to 2% in 2025. You can read the full press release here: bankofcanada.ca/2024/01/fad-pr…

According to MNP (the largest Canadian insolvency firm), 1 in 4 Canadians make only minimum payment on their credit cards. Considering 25% interest rate on a typical credit card, their #debt just gets bigger and bigger. #creditcard #InterestRates #debt mnpdebt.ca/en/resources/m…

The #FOMC kept the #interestrates unchanged. You can read the full announcement here: federalreserve.gov/newsevents/pre…

The #FOMC will announce the #interestrates today at 2 pm EST. You can read it here: federalreserve.gov/monetarypolicy…

Just in: The US #inflation for the month of Nov. Year-over year: 3.1% (was 3.2% in Oct.) Month-over month: 0.1% (was 0% in Oct.) bls.gov/news.release/c…

The US #inflation for the month of Nov. will be released today at 8:30 am. This report is significant because: 1- There is a #interestrate announcement by the #FOMC tomorrow. 2- The last inflation report in 2023 ahead of the last interestrate announcement.

Statistics #Canada : "People born in the 1990s whose parents were homeowners were twice as likely to own a home in 2021 than those whose parents were non-homeowners." read the full report here: www150.statcan.gc.ca/n1/en/pub/46-2… #mortgage

Some highlights from Nov. job report: Among Canadian cities, has the Windsor highest #unemployment rate (7.6%) and Quebec city the lowest at 2.7%. www150.statcan.gc.ca/n1/daily-quoti…

#BankofCanada kept the #interestrates at 5%. We are now done with 2023. The policy rate announcement dates for 2024: January 24* March 6 April 10* June 5 July 24* September 4 October 23* December 11

According to MNP, 1 in 3 Canadians do not earn enough to cover their bills and debt payments. Read the full report here: mnpdebt.ca/en/resources/m… #interestrates #debt

Craziness continues: 10-year treasury yield near levels not seen since 2007; The US #mortgage demand lowest since 1996; Dow becomes negative in 2023. #recession

If you forget to cancel a subscription before its renewal and it is linked to your AppleID, you can use reportaproblem.apple.com and request a refund. #WallStreetJournal requires calling to cancel your subscription (not online!). You can just directly cancel from Apple.

New! We’ve developed this new Underused Housing Tax (UHT) self-assessment tool to help you file your return and submit payments on time ➡️ ow.ly/9pQe50PMX0V Penalties and interest apply for UHT returns and payments received after October 31st. #CdnTax #CdnRealEstate