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The Friday Finale!

   

April 28th, 2023

Welcome to our newsletter, The Friday Finale!  We wanted to offer a simple, quick snapshot of information for you!  Below are recent highlights of news over the past two weeks.  Look for this to come out on a bi-weekly basis on FRIDAYS.  


Cheers!!

   
     

Links to News:

Canadian Inflation COOLS to 4.3% in March

Canada's inflation rate decelerated to 4.3 per cent in March, down from 5.2 per cent the previous month and also down to the lowest level since August of 2021.


The cooling of the inflation rate was in line with what economists were expecting.


Statistics Canada reported Tuesday that gasoline prices fell by 13.8 per cent in the year up to March, which is the fastest decline in the price of gas since July of 2020.

Canadian Mortgage Credit Remains Flat Despite Rising Home Prices

Canadian households are split between those deleveraging and those continuing the borrowing spree. Bank of Canada (BoC) data shows outstanding mortgage credit was virtually flat in February. Not as bad as contracting, which is a rare event in Canada. However, prior to the past two months, mortgage credit hasn’t moved this slow in well-over a decade. 

Canada's Rocketing Employment and Food Prices Spell Inflation Worries

Just one month ago, a lot of smart people were worried that the global economy was about to follow a trajectory similar to that of Thursday's launch of the SpaceX Super Heavy rocket.


The comparison is only slightly far-fetched.

Canada's Money Supply is Growing At The Slowest Pace in Decades 

Higher interest rates are doing something many thought impossible—it slowed Canadian borrowing. Bank of Canada (BoC) data shows the M2++ growth slowed further in February. The M2++ is a broad measure of the country’s money supply, closely linked with demand. The latest numbers show annual growth hasn’t been this low in at least four decades. 

The Green Effect Podcast!

Finance, life, business and everything in between! Brand new content with just myself gabbing away about the real estate world, personal stuff going on in my life, stories as an investor, and whatever else! Come with me on the journey inside my head.

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Leasing or Buying A Vehicle Impacts Your Debt Ratios

This is SUCH a common question. Let's address this as it's probably the most asked question I get when meeting with new clients.

   
   

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