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Every other week, we release 5 Minutes for Business, a publication written by Hendrik Brakel, our Senior Director of Economic, Financial and Tax Policy. This week, Hendrik Brakel takes a close look at how Mr. Trump’s presidency has already impacted the global economy through the rising of bond yields. As Canadians, our rates closely follow those of the U.S., and with the latest in developments following the U.S. elections indicate a stream of bad news for our economy. Mortgage rates alone have risen since November, revealing a 0.5% spike for the U.S. along with a 0.3% for Canada.

Trump deficits will raise the cost of borrowing for business and consumers, creating a significant drag across the U.S. economy likely to offset much of the stimulus. It looks as though 2017 will bring Canadian business a stronger export demand from an over-stimulated U.S. economy and a weaker loonie.

Read 5 Minutes for Business to find out what lies ahead for the fate of Canadian Business in 2017.

For more information, please contact Hendrik Brakel.

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