Monthly Archives: February 2024

Commercial real estate stress is spreading

Posted on February 22, 2024 by Danielle Park

In 2023, the national office space vacancy rate reached 19.6%, above the 19.3% historic peak in 1991. The overcapacity, over-valuation and debt write-downs needed in commercial real estate are themes that will persist for some time. No quick fix. Federal … Continue reading →

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Inflation retreating but shelter remains the problem

Posted on February 21, 2024 by Danielle Park

Canada’s January Consumer Price Index (CPI) report came in softer than expected at an annualized rate of 2.9%, down from 3.4% in December and 8.1% from the cycle peak in June 2022. This brings the CPI within the Bank of … Continue reading →

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Rosenberg: the economy is weaker than the narrative suggests

Posted on February 20, 2024 by Danielle Park

Economist David Rosenberg, founder and president of Rosenberg Research, shares his macroeconomic view of the economy and explains why he’s not throwing in the towel on his recession call. Here is a direct video link.

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