April Showers Hit C$

The Week Ahead

May 1, 2017

We can tell when the news is piling up against global perceptions of Canada by our overnight email basket. When the questions start pouring in from Tokyo, London and New York, global players can sometimes sell our currency before they even get the answers.

Liquidity issues at a non-bank mortgage lender, unrelated to actual mortgage performance, had some asking whether this was the tip of the iceberg for household credit issues (it’s not). Even those who understood the origin of this week’s jitters were motivated to delve again into risk factors in Canadian housing and mortgage markets.

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