TruShield Top 5 – July 17, 2017

Interest Rate

The NAFTA renegotiation will be a hot topic for discussion amongst Canadian premiers at their annual meeting, the Loonie neared 79 cents US last Friday, and financial institutes are expecting a follow up interest rate hike to happen later this year. Here’s the TruShield Top Five for this week—a snapshot of news from around the world that may have an impact on your company.

TruShield Top 5 – July 17, 2017

  1. Canada’s premiers will be getting together for their annual meeting this week. The North American Free Trade Agreement (NAFTA) will one of the main discussion topics as renegotiations are set to begin next month. Via The Globe and Mail
  2. Gareth Watson, Director, Investment Management Group Richardson GMP believes there are three things that can threaten Canadians’ livlihood: Housing price drop, debt, and potential job loss. With a higher interest rate, Canadians are now more vulnerable to these threats. Via Business News Network
  3. The Canadian dollar reached its highest in over a year when it climbed to 79 cents US on Friday last week, shortly after the Bank of Canada’s interest rate decision Via CBC News
  4. Speaking of the interest rate hike, some financial analysts are predicting a follow-up interest rate increase later this year. Via Financial Post
  5. Canadian home sales experienced the largest monthly drop last June, down 6.7 per cent from May of last year, with the Greater Toronto Area seeing the largest drop. Via Global News

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