TD Canada Trust provides a weekly economic highlight report that we choose to share with our clients and those who follow us. This is an easy place to stay current on the broader economic conditions in Canada and the U.S. so that you are better informed to make stronger decisions around your own real estate investments. We are always available to answer any questions or walk through your real estate investment goals for now or in the future.
- The optimism that drove the TSX to new highs this week was not reflected in bond markets or non-energy commodity prices.
- National existing home sales took a bit of a break in October, while home prices ticked higher.
- Higher consumer insolvencies place some doubt on whether the housing market recovery is sustainable.
- U.S. data this week showcased the contrasting feature of the U.S. economy: a resilient U.S. consumer but a struggling manufacturing sector.
- Negotiations on a phase one trade deal between the U.S. and China took a step back this week as negotiators struggled to come to a compromise. A deal is unlikely to be signed before the end of this month.
- Inflation remained subdued as the high dollar, inventory stockpiling and margin compression offset the price increases implied by tariffs.
- With the economy evolving in line with their view, we believe the Fed has completed its mid-cycle adjustment.