Monthly Archives: May 2025

A 90-day pause on embargo-style US-China trade tariffs has revived bullish spirits. The large-cap S&P 500 (black below), with its one-third weight in tech companies (“Magnificent Seven” companies in orange), has rebounded 18% since April 8—now flat year to date … Continue reading →

The Canadian unemployment rate rose to 6.9% in April (from 6.7% in March). Outside of the 2020 COVID shutdown, this was the highest level since January 2017 and up 210 basis points from the July 2022 cycle low of 4.8%. … Continue reading →

TRREB is Canada’s biggest real estate board, covering the Greater Toronto Area (area codes 416 and 905, as shown below), which has the largest population concentration in Canada. TRREB just posted April numbers (here); year over year, single-family home sales … Continue reading →