Frances Donald @francesdonald Twitter profile

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@A_liyah2

@CoachNRizzo

@corizbetter

@TowersSchool

Frances Donald

@francesdonald

3 years

The Fed can hike interest rates all it wants, it's not going to make it rain in Brazil, open ports in China, find truck drivers in the UK, change covid-0 policies in Australia. Bet that the Fed will hike rates if you want, but don't bet it will help this supply-driven inflation.

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Frances Donald

@francesdonald

3 years

Mistakingly told my husband “Sure, plant whatever you want in the garden”. So, he planted 36 hot pepper plants. And nothing else.

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Frances Donald

@francesdonald

3 years

This is the biggest difference between the Canadian and US housing market in my eyes. In the US, income and house prices have moved more or less in line. In Canada... oof, the chart is painful. (Another great chart set from Doyle at Macquarie)

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Frances Donald

@francesdonald

2 years

I'm old enough to remember 10 days ago when Chair Powell said one reason they hiked 75bps was because U of Mich 5-10yr inflation expectations jumped from 3.0% to 3.3% and then, today, that same figure was revised downward to 3.1%. It never was 3.3% after all.

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Frances Donald

@francesdonald

4 years

Wow. 10k followers. If you're new here, here's what I believe: Everyone deserves to understand economics and finance, no matter their background. No topic or professional title has intellectual superiority over you. No question is a bad question. You belong in the conversation.

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Frances Donald

@francesdonald

3 years

I have worked on Wall Street, Bay Street, trading floors, a central bank, sell side, buy side…. None of it prepared for the intensity, competitiveness and ferocity of the suburban soccer league for 4 year olds.

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Frances Donald

@francesdonald

2 years

My mortgage broker friend just reminded me that childcare expenses are not included in the Canadian mortgage stress test. In many provinces, they are a family’s second largest monthly expense.

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Frances Donald

@francesdonald

2 years

I’ll be a little quieter for the next bit. We’ll be welcoming our 2nd son very soon. Be kind, make charts, don’t assume prior correlations hold, get sleep. See you on the other side.

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Frances Donald

@francesdonald

4 years

I have done 173 presentations this yr. Almost all virtual. Ive had my internet go out, doorbell ring, dog jump up &throw up on my blouse, my kid waltz in, my husband waltz in, camera fall, backdrop collapse, coffee spill. Guess what, nobody cares. They just want to feel informed.

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Frances Donald

@francesdonald

2 years

Your regular reminder that most economic data is reported to us in nominal terms & when you're in periods of high inflation, what people pay at the checkout will look very different than how much they are taking home. "Real" data that looks at volumes of activity look much worse

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Frances Donald

@francesdonald

5 years

I'm pretty excited about my new expanded role as Chief Economist & Head of Macro Strategy with Manulife Investment Management. New title, same snappy econ jokes.

Manulife Newsroom

@ManulifeNews

5 years

Meet Canada’s youngest female chief economist, @Manulife ’s @francesdonald via @alexposadzki @globeandmail (For subscribers)

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Frances Donald

@francesdonald

1 year

Oof, this Canadian recession is going to be painful.

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Frances Donald

@francesdonald

4 years

We will have a woman as Treasury Secretary in the United States and a woman as Finance Minister in Canada. Politics aside, that visibility is important for future generations of young women who dream about where they might end up (with of course much more diversity still needed)

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Frances Donald

@francesdonald

4 years

Freeland spoke with Canada's big bank CEOs & was urged "to put new spending into productivity-enhancing measures, like childcare" .. "LIKE CHILDCARE"(!) Wait, did accessible/affordable childcare as a key economic driver just go MAINSTREAM?Am i dreaming?

Top bankers warn Ottawa about Canada’s spiralling debt

financialpost.com

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Frances Donald

@francesdonald

2 years

My 86yr old stepdad, who was a bond trader for most of his life, at family dinner last night: "Bahh, if it's a recession, it's crap growth. If it's not a recession, it's still probably crap growth. Who cares about the word. Pass the bread."

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Frances Donald

@francesdonald

3 years

I'll keep saying it: we are moving from COVID inflation to CONFLICT inflation. Conflict inflation is going to be lower in headline going forward, but more painful for growth. You could sub out of used cars, home renos, fitness equipment. You can't sub out of food and energy.

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Frances Donald

@francesdonald

5 years

Just saw that Old Navy is having a clearance sale with a ton of items starting at $2.99. Fun. But you know what's cheaper than every item on the Old Navy clearance page? A barrel of Canadian oil, at $2.76 this morning. Flip flops, a barrel of oil? I can't decide...

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Frances Donald

@francesdonald

2 years

... I'm baaaack ... 😈

Frances Donald

@francesdonald

2 years

I’ll be a little quieter for the next bit. We’ll be welcoming our 2nd son very soon. Be kind, make charts, don’t assume prior correlations hold, get sleep. See you on the other side.

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Frances Donald

@francesdonald

1 year

When the Fed eventually cuts rates, I guarantee you won’t be asking why.

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Frances Donald

@francesdonald

4 years

The BoC has bought ~80% of Government of Canada bond issuance since March. By end-2021, they are estimated to hold 60% of all outstanding GoC securities. So when I say the game has changed, I mean THE GAME HAS CHANGED. This is not the 1990s. This is a new financial/economic world

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Frances Donald

@francesdonald

3 years

A reminder that the empirical work consistently shows that childcare costs are more than recouped with higher revenues. This is one reason why economists refer to early learning investment as "economic infrastructure".

Craig Alexander

@CraigA_Eco

3 years

Federal government delivers massive investment in early learning and childcare -- critical economic and social infrastructure. It is good for children, parents, economy and society. Over the next decade, it will raise government revenues by more than the cost of the investment.

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Frances Donald

@francesdonald

2 years

Cardi B is my new favorite leading indicator.

Cardi B

@iamcardib

2 years

When y’all think they going to announce that we going into a recession?

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Frances Donald

@francesdonald

5 years

There's nothing to say anymore. It's not just a chart... it's people... and it's so deeply deeply upsetting.

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Frances Donald

@francesdonald

4 years

Let’s get to work 💪

Manulife Newsroom

@ManulifeNews

4 years

Manulife's @francesdonald has been named to the new Task Force on Women in the Economy

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Frances Donald

@francesdonald

6 years

And, in Toronto, 3 years in daycare costs more than a 4 year Arts & Science degree at Canada’s best universities. But you didn’t spend 18 years saving for it in an RESP or get offered “daycare” loans with low interest and a reasonable payback period.

Ben Carlson

@awealthofcs

6 years

Getting your kid into a good daycare is harder than getting them into a good college

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Frances Donald

@francesdonald

5 years

Currently at the stage of parenthood where I've seen Paw Patrol 23892345879 times and have to start playing intellectual games with myself to avoid going crazy. So I made a chart. Don't @ me.

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Frances Donald

@francesdonald

3 years

Residential investment in Canada is 10% of GDP... which is 4 standard deviations above it's long-term average share. Chart via David Doyle at Macquarie.

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Frances Donald

@francesdonald

7 months

🇨🇦 it’s “too early to talk cuts”, though. (Chart via excellent Econ team at National)

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Frances Donald

@francesdonald

4 years

The global economy is heading towards persistent fiscal deficits/debt, debt monetization & more emphasis on the ideas put forth in Modern Monetary Theory. You can disagree with this approach, but if you don't study it and keep your eyes open, you're going to get the trades wrong.

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Frances Donald

@francesdonald

4 years

Oh man, I just said "the Fed is comfy, cozy" with its current policy stance on a Bloomberg interview 🤦‍♀️ . This is what happens when you divide your time between rates strategy and managing a toddler.

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Frances Donald

@francesdonald

2 years

Anecdotal: the % of posts on the various social media mom groups im on that are panicked about finances is skyrocketing. So many feel lost and confused about their mortgages, major rent increases, food costs. Many speak about the “recession” that economists say we are not in.

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Frances Donald

@francesdonald

2 years

Ok, so he’s a 10 BUT he wants to hike rates into a recession and raise unemployment without meaningfully bringing down food and energy prices.

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Frances Donald

@francesdonald

4 years

Carolyn Wilkins has personally inspired me for years and I count her as one of my most important role models. She has shown there is space for extremely intelligent, powerful women in Canadian leadership. And I know she will keep doing that for us. Thank you Carolyn.

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Frances Donald

@francesdonald

4 years

Was looking for light gardening for around my 🏡. Landscaper comes back with way more than I wanted, quotes me $100k! Says:"Its not what you asked for, but all our clients are remortgaging their 🏡these days to cover their landscaping.Rates very low!" Talk about a (Tulip) Bubble!

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Frances Donald

@francesdonald

4 years

Thinking about exclusively expressing my long-term macro views and predictions of paradigm shifts via memes. Here's my first one. Thought it looked cute. Might delete.

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Frances Donald

@francesdonald

4 months

Sometimes I say things that I wish weren’t true and/or that I hope turn out to be wrong … but need to be said.

Paul Vieira

@paulvieira

4 months

Manulife chief economist Frances Donald says it is going to take at least a decade before housing in Canada gets to affordable levels. She says Canada is struggling, and what require low rates relative to the US for an extended period. On WSJ wires:

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Frances Donald

@francesdonald

5 years

Governor Poloz, King of Metaphors, with maybe his best one ever: "A firefighter has never been criticized for using too much water"

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Frances Donald

@francesdonald

1 year

One of my faves @MichaelKantro highlighting the BIG problem with data ahead of recessions: revisions! In 07/08, 1st round jobless claims only started to rise in Feb '08. But revised data shows they started to rise 6m earlier in Sept '07. That's not to say "fake news!" on any

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Frances Donald

@francesdonald

3 years

This is why I say we need to evolve our concerns about the Canadian housing affordability crisis to include the damage to corporate competitiveness, long-term growth prospects and the social fabric of a country this levered to one sector. Chart via David Doyle at Macquarie.

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Frances Donald

@francesdonald

3 years

You know where I think the biggest supply/demand mismatch and therefore most wage inflation will be in The Reopening? Babysitters.

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Frances Donald

@francesdonald

4 years

My biggest marital fight is about what constitutes an “investment” Me:Dividend stocks Him:”lets invest in a high end BBQ!” Me:infrastructure funds Him:”bought a million $ in my video game.Great investment b/c now Im at 2million” Me:Gold Him:”value of my sneaker collection is up!”

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Frances Donald

@francesdonald

3 years

So how many rate hikes will it take to lower global energy and food prices? Asking for a friend.

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Frances Donald

@francesdonald

4 years

The manager at a downtown core Toronto Starbucks told me today that pre-COVID, they'd serve 1300-1400 customers in a day. These days, a *good* day is 300-400.

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Frances Donald

@francesdonald

4 years

You know, for a country so well known for being dependent on oil, Canada sure has a lot of....*checks notes*... major reliance on real estate....

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Frances Donald

@francesdonald

2 years

Just wondering if the BoC can explain how domestic interest rates in 🇨🇦 can help control food prices, gas prices and inflation created by global supply chain strains. Cause I sure hope the ⬆️ rates which will put a lot of CDNs out of work will solve this inflation problem.

Bank of Canada

@bankofcanada

2 years

The high cost of living is felt daily by everyone, particularly people with fixed incomes. To control #inflation , we need higher interest rates to bring it down By moving quickly now, we can avoid even higher rates later on. #cdneco #AskTheBoC

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Frances Donald

@francesdonald

4 years

Yah, sure, having to revise my 2021 target for the 10yr yield higher is humbling. But I spend half my non-work time as effectively a piece of human furniture for my kid so you know, I’m not too prideful. Some benefits accrue from being both a parent and strategist.

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Frances Donald

@francesdonald

4 years

Didn't realize my camera was on during a teams call until my well-intentioned colleague private messaged me "Very brave of you to go on camera today..." How's your day going?

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Frances Donald

@francesdonald

5 years

This morning, my toddler pointed to my laptop bag and said "No mommy! No work!" which of course filled me with so much mom guilt.... for not teaching him early the sanctity of Bank of Canada rate decision day. We're working on manners, colors and neutral rate calculations lately.

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Frances Donald

@francesdonald

2 years

I guess the good thing is that when I'm 60, I can lord my experience over the kiddos. "You weren't THERE, Jaxxon. You don't know what it's like to experience a leaked 75bps hike via a news outlet behind paywall during a blackout period w/ energy and food infl. the CBs cant fix."

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Frances Donald

@francesdonald

4 years

No theme is more important in the macro space right now than inflation. We are going to see a series of upside surprises in the inflation data... and it isn't going to be "good" inflation. It's going to be stealth "bad" inflation. Read everything you can about Stagflation.

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Frances Donald

@francesdonald

2 years

Hey remember when this was supposed to be the "Roaring 20s"?

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Frances Donald

@francesdonald

6 years

Some happy news! I am now Head of Macroeconomic Strategy at Manulife Asset Management. New look, same great Econ, markets, charts & sarcasm

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Frances Donald

@francesdonald

3 years

"Our msg to CDNS is that int. rates are very low and they’re going to be there for a long time. If uve got a mortgage of if ur considering a major purchase or ur a bus. & u’re considering making an investment, u can be confident rates will be low for a long time"Macklem, July '20

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Frances Donald

@francesdonald

4 years

I increasingly think of our housing affordability (+ childcare affordability) crisis as also a corporate competitiveness issue. Want to attract and retain the best people? It’s harder in places like Toronto and Vancouver and/or need to pay much higher wages. Either or, it hurts

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Frances Donald

@francesdonald

4 years

I’d really like to see less Virtue Signalling and more Turn Signalling.

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Frances Donald

@francesdonald

2 years

Today is my birthday 🎈I’m not asking for much - just that instead of central banks saying “reduce demand” they say “fewer jobs, fewer pay increases, less growth”

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Frances Donald

@francesdonald

3 years

If someone said, "Frances, you ABSOLUTELY have to have one chart tattoo'd onto you, there's no choice, don't fight it", I would choose this chart. As it stands, it sits printed out on the wall behind my desk for times just like these. (this version via Max Kettner at HSBC)

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Frances Donald

@francesdonald

4 years

I’m late to @StephanieKelton ’s party. Whether you’re a MMT believer or not, my sense is we’re all going to be talking about this book for a while so time to dive in...

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Frances Donald

@francesdonald

4 years

My favorite quote: "Courage doesn't always roar. Sometimes it's the quiet voice at the end of the day saying 'I will try again tomorrow'." For those feeling frustrated when a qualified woman is passed over for the top job, be courageous. We're going to try again tomorrow.

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Frances Donald

@francesdonald

4 years

I suspect that the next decade will be a Depression for one segment of Americans, and the "Roaring 20s" for another. Which is in part why it's so challenging to write a tidy 2021 Economic Outlook and tell the whole story. There will be a lot of untold stories.

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Frances Donald

@francesdonald

2 years

~10% of "inflation" in Canada is coming from higher mortgage interest rate costs... as a result of.... *checks notes* ...higher interest rates from the BoC

Dominique Lapointe📈

@Dlap17

2 years

Mortgage interest costs contribute 38% of shelter, and shelter contributes 34% to total #inflation in #Canada (so 1/10 of inflation comes from mortgage interest costs at the moment)

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Frances Donald

@francesdonald

6 years

It's sweet that my sister thinks my emotional health is tied to economic data releases. I suppose she's partly right.

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Frances Donald

@francesdonald

5 years

Home this week. Found this old copy of Freakonomics from 2006 that I gave my Dad (who passed away a few years later). I still believe that if we made economics more accessible, more relatable, we could encourage so much more excitement about the field. This book did that for me.

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Frances Donald

@francesdonald

3 years

Friends, need your help reporting this fake account - the giveaway is that it has two Es in my name and is pushing crypto in DMs. The only thing I’ll ever really stress you buy is a pair of sensible shoes with arch support.

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Frances Donald

@francesdonald

4 years

A lot of people ask me about the secrets to my success. Answer: Montreal winters. That -20 Celsius life with piercing dagger wind off Lac St Louis makes you HARD and FEARLESS.

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Frances Donald

@francesdonald

3 years

The longer I spend looking at supply chain disruptions, the sooner I want to start my Christmas shopping.

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Frances Donald

@francesdonald

5 years

Woa... This is a huge honor, especially among so many other incredible Canadian women. Now over to you: what do you think people with power should use it for, particularly in Canada? (Can someone please advise my 2 year old that I am 'powerful'? He seems resistant to the idea)

Manulife

@Manulife

5 years

Congratulations to our very own @francesdonald and Catherine Milum for being recognized by the Women's Executive Network as two of Canada's Most Powerful Women! The award recognizes the professional achievements of strong female leaders across the country.

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Frances Donald

@francesdonald

4 years

Did you catch my '21 Outlook? This yr, I’m taking a different approach. Sure, the base case is the same as everyone else's: first half bad, second half good. Some inflationary pressure, mostly transitory. Services lag then catch up. But here's what REALLY keeps me up at night⬇️

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Frances Donald

@francesdonald

2 years

🌹Roses are red 💐Violets are blue Central banks will say they are "reducing demand" When really they are trying to unemploy you 💘

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Frances Donald

@francesdonald

5 years

Based only on my personal experience, I feel like this crisis/quarantine is going to result in *fewer* kids being born, not more....

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Frances Donald

@francesdonald

6 years

In my experience, childcare costs are the most misunderstood, under-analyzed, and glossed over MAJOR household expense (= to a mortgage in some provinces) by economists & policymakers. Until we tackle the analysis, we're going to get a host of other econ variables/outcomes wrong.

Ben Carlson

@awealthofcs

6 years

Daycare is by far the biggest expense millennial parents are underprepared for I’ve had countless conversations that start with “can you believe how expensive it is for daycare?”

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Frances Donald

@francesdonald

7 years

Check this chart from National Bank Econ. If the BoC hikes another time this year (they will) for a total of 100bps since July'17, homeowners in Vancouver and Toronto will need about 9% more income to cover the total payment shock. (Wages are up 2.9% y/y right now, btw).

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Frances Donald

@francesdonald

6 years

Want to boost growth? Subsidize childcare.

Kevin Carmichael

@CarmichaelKevin

6 years

New from @StatCan_fra , @StatCan_eng : Labour participation rate of women with children younger than three years of age increased 19 percentage points in Quebec '96 to '16; 4 percentage points in Ontario. #cdnecon knows why.

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Frances Donald

@francesdonald

5 years

A conference organizer for an event I'm speaking at just offered to arrange childcare for me should I need it. This has never happened to me and is a both symbolically and logistically a game changer.

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Frances Donald

@francesdonald

3 years

So many conversations with friends and family lately come back to January’s energy bills or the cost of groceries. They ask me “are we really going to have higher interest rates now too?”. Yes, we are. And it won’t do much to lower those other big bills.

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Frances Donald

@francesdonald

5 years

My husband tells me this tweet is "too niche" and suggests the nexus between those with historical knowledge of Destiny's Child and those with interest in Canadian monetary policy is small. Well GUESS WHAT, sometimes the tweets are for *me*, Eric. Don't cage me in.

Frances Donald

@francesdonald

5 years

I don't think the market's ready for Poloz's hawkish jelly.A lot has gone right for the global economy in the past 6 weeks, oil is up 18%, Canada got to import easier fin conditions, data has been better than expected. It hasn't all been Beyonce, but it's a long way from Michelle

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Frances Donald

@francesdonald

3 years

More hikes priced into Canada than any other major economy right now. Honest question - do you think that's appropriate?

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Frances Donald

@francesdonald

6 years

My baby slept through the night for the first time in 11 months, so I now feel invincible and totally capable of figuring out exactly when EMs are going to bottom and where the US 10yr yield will get to, to the 3rd decimal.

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Frances Donald

@francesdonald

3 years

No single economist has had a bigger impact on me than @ArmineYalnizyan . We work in v. different areas of Econ & often are looking at v. different data. But she embedded in me the obsession to remember the PEOPLE behind the numbers. That has always led me down the right path.

Maclean’s Magazine

@macleans

3 years

She's the caring person's economist: a big-picture thinker who looks out for the little guy. @ArmineYalnizyan is No. 22 on the Maclean's Power List.

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Frances Donald

@francesdonald

2 years

My 4 takeaways from today's Fed meeting -Fed is going to hike lots...but then cut -"Soft landing" no longer a priority. Happy to hike into higher unemployment -Lack of consensus within the Fed; big dispersion in forecasts + dissenter -Little acknowledgement on FAT downside risks

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Frances Donald

@francesdonald

2 years

Some weekend chart action from the always interesting @PPGMacro . I’ll just leave this one right here.

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Frances Donald

@francesdonald

4 years

I used to think my competition for my husband’s attention would be sports games and bar nights with his friends. Foolish. The real competition is grass seed varieties and the neighbor’s new lawn irrigation system.

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Frances Donald

@francesdonald

5 years

Show of hands: if you're using Childcare in Canada right now, is it 0.88% of your total monthly spending? The CPI weights childcare costs at 0.88% of the consumer basket. If you're wondering why the CPI isn't reflecting the pressures on your household's bottom line, voila.

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Frances Donald

@francesdonald

3 years

Look what I just found…

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Frances Donald

@francesdonald

4 years

We need to start thinking about the 'economic' 2nd wave, i.e. the next round of economic shocks that will hit us in 3-6 months. We are delaying/postponing a lot of pain, but we aren't eliminating it. I made some comments about this on @BNNBloomberg with @AmandaLang today. 👇

BNN Bloomberg

@BNNBloomberg

4 years

CERB could 'potentially bite us' during COVID-19's 'economic second wave': Manulife's @francesdonald

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Frances Donald

@francesdonald

2 years

Im pretty sure Fed officials are peeved by the recent market action/easing of financial conditions. I’m gonna guess they’ll be out in droves in the next few weeks talking about how committed they are to stomping out inflation, upside risks to hikes, etc.

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Frances Donald

@francesdonald

6 years

I am very excited to now be a regular contributor to the @globeandmail - in this month’s column, my take on why business investment is so key, and why a lower CDN dollar isn’t the answer

Canada needs business investment for short-term growth and long-term competitiveness

Canada needs its businesses to scale up operations now, or the economy will come up against a speed limit that it can’t surpass

www.theglobeandmail.com

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Frances Donald

@francesdonald

4 years

When i talk about an economic second wave, this is what I'm referring to. Note the inequality component of the story too. (Applicable in Canada and the US).👇

Matt Lundy

@mattlundy33

4 years

I asked @francesdonald about long-term challenges in recovering jobs. Her quote is a) too perfect to cut, so b) I'm sharing it in full here.

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Frances Donald

@francesdonald

3 years

You can tell a lot about someone by how they get through airport security….

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Frances Donald

@francesdonald

5 years

*cough cough* Rent, childcare, phone bills, electricity *cough cough*. (Also an economist here. And a parent. And a Toronto renter. And someone who sees the disconnect between the numbers I analyze every day... and the financial struggles my friends and family face daily)

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Frances Donald

@francesdonald

4 years

In other words, it's not NOW i'm worried about... it's LATER.

Manulife Newsroom

@ManulifeNews

4 years

Second wave of job losses will be more 'painful' once Fed's aid expires, says @Manulife Investment Management's Global Chief Economist @francesdonald

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Frances Donald

@francesdonald

6 years

.⁦ @BNNBloomberg ⁩ booked two (v. qualified) women in their 30s to represent the CDN CEO/business leaders perspective (⁦ @nicoleverkindt ⁩ ) and the Bay Street/markets reaction to the budget. I have been thinking all day how big of a deal that is /1

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Frances Donald

@francesdonald

4 years

Which means 61% of jobs in Canada can NOT be converted to “work from home”. I keep hearing about how WFH is going to radically transform our economies. Some additional WFH will have implications but this is no paradigm shift. And the convo leaves the bulk of workers behind.

𝐒𝐭𝐞𝐩𝐡𝐞𝐧 𝐓𝐚𝐩𝐩 🇨🇦 🌎

@stephen_tapp

4 years

StatsCan estimates 39% of Canadian workers are in jobs that can plausibly be carried out from home Results vary substantially across industries from finance/insurance/education/prof services (~85%) to accommodation, food service (6%) ag (4%) #CdnEcon

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Frances Donald

@francesdonald

6 years

When Cardi B says she's " 'bout my coins like Mario", she's talking about Draghi, right? Asking for a friend.

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Frances Donald

@francesdonald

4 years

It’s my birthday today! As a gift, reply with the asset you feel is *most* mispriced - feel free to go as traditional or NONtraditional as you want. Use any definition of mispriced you want. Ill go first. I have two.1) the price of so-called « unskilled » labor and 2) real rates

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Frances Donald

@francesdonald

2 years

Yes, the Bank of Canada like many central banks should be normalizing rates. But a 25bps (or 50) hike will create a larger growth drag in Canada than many other econs in part because of charts like this (via Macquarie). That puts CDN at relative bigger risk of policy mistake.

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Frances Donald

@francesdonald

5 years

From HELOCs?

Bank of Canada

@bankofcanada

5 years

How do Canadians pay for haircuts, coffee or groceries? Get the straight goods in this article in The #Economy , Plain and Simple. 💈☕🛒

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Frances Donald

@francesdonald

6 years

Um... “breaking”?🤔

BNN Bloomberg

@BNNBloomberg

6 years

#BREAKING : CMHC SAYS VANCOUVER, TORONTO CONDOS HAVE HIGHEST RATE OF FOREIGN BUYERS

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Frances Donald

@francesdonald

2 years

I’m not going to cancel my Netflix subscription but I am going to tell my sister’s ex, my mother in law and my 2nd cousin that they have to stop freeloading off my account. I’m sorry but all’s fair in Love, War and Inflation.

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Frances Donald

@francesdonald

6 years

Canada's personal savings rate is near its lowest in data history: 1.1%. That's not a lot of cushion left to absorb any shock should it arise... (yah, that's a deliberately ominous ellipsis)

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