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.

Full Details of the TD Canada Trust Economic Highlights Here

Canadian Highlights

• The Bank of Canada left the overnight rate unchanged at 1.75% this week and delivered a balanced statement that noted the increased downside risks on the global front alongside better-than-expected domestic economic data.
• Despite the troubles abroad, the Canadian economy continues to make progress. The job market is still hot with 81k jobs added in August and the housing market continues to improve, especially in Toronto and Vancouver.
• Even so, Canada is unlikely to remain invulnerable to the mix of trade uncertainty and slowing global growth. Signs that the U.S. economy is slowing is perhaps all the evidence the Bank of Canada will need to follow the chorus of global central banks easing policy.

U.S. Highlights

• After a dour start to the week, U.S. equities rebounded as they discounted news of a broadening global manufacturing slump.
• On net, the data this week suggested that the U.S. economy remains healthy, but warnings signals are still flashing.
• Renewed optimism in financial markets is encouraging, but with an intensification of downside political risks we cannot rely solely on financial market signals to get a sense of where economic growth is headed.