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Posted 1 Comment on Is the COVID-19 emergency over? An economists perspective. Mortgage News

Is the COVID-19 emergency over? An economists perspective.

I recently participated in a conference call with Scotiabank’s Chief Economist & SVP, Jean-Francois Perrault and John Webster President & CEO Scotia Mortgage Corporation.   It was good to hear real financial experts make sense of what has happened and what will most likely happen.

Here are of some of the highlights:

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Posted 1 Comment on Financial Outlook with Jean-Francois Perrault, Chief Economist Scotiabank Finance

Financial Outlook with Jean-Francois Perrault, Chief Economist Scotiabank

Following are the highlights from a telephone conversation with Jean-Francois Perrault, Chief Economist Scotiabank and John Webster, President and CEO Scotia Mortgage Corporation which took place on Thursday, April 9, 2020 at 4:30 p.m.

First, it’s not all bad news. While I’ll have to include some unpleasant information in order to provide a complete picture, that is not the focus.

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Update from Goldman Sachs
Posted 1 Comment on Update from Goldman Sachs Finance

Update from Goldman Sachs

Update from Goldman Sachs

There’s a document floating around the internet from Goldman Sachs.  Have you seen it? It’s a private client summary regarding the coronavirus.  1,500 companies dialed in to this call.  

For the record, Goldman Sachs has said the summary text was not authorized by them and it contains erroneous information which was not used during the call. Still, there seems to be a consistent message here. I wanted to share this with everyone because I do believe in much of what is being said.  Have a read. It’s a summary but a bit lengthy. I strongly recommend reading the entire summary as the message in the end is positive and is in line with historically recovery patterns.  

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Posted 4 Comments on Interest Rates are Rising… and Expected to Continue… But! Interest rates

Interest Rates are Rising… and Expected to Continue… But!

December Blog Image

Rates have been rising gradually over the past six months following several years of historically-low rates. There should be no surprise that rates are rising – it was bound to happen. But, we can be thankful they’re not predicted to spike. It’s much easier to deal with – and plan for – gradual increases.

Benjamin Tal, Deputy Chief Economist of CIBC World Markets Inc, spoke last week about his predictions for rates and a bunch of other economic indicators. I’ve been following him for 15 years now. He’s one of the few economists whom I respect, as his forecasts have proven very accurate. So, let’s pay attention!

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