The National Bank of Canada has derided the government’s mythical plan to build 3.87 million new homes by 2031. This target would require an average annual run rate of 550,000 housing starts per year, about double the record high of 270,000 units in 2021. National Bank of Canada notes, “we’re also going to need people
Asian stock markets are trying to rebound from a bad trading week so far following the escalation in conflict across the Middle East, with yet more hawkish Fedspeak overnight not helping risk sentiment . The USD remains strong against most of the undollars but had a small retracement while bond markets calmed down as well.
The Useful Idiot is up to its old tricks again today: They’re close to the city, public transport, schools and parks – and Melbourne’s leafy eastern suburbs should be shouldering the burden when it comes to new housing, according to a new report. The report, by housing advocacy group Yimby Melbourne and published on Thursday, recommends
AEP with his take on why gold has decoupled from traditional drivers. There is a strong suspicion among gold experts that China is behind the surge in buying, building up a war-fighting bullion chest through state-controlled banks and proxies. But others, too, can see that we are living through a fundamental convulsion of the global
Rex Patrick has dug into how Pistol Pete Dutton reached his nuclear conclusions. In September 2020, the Morrison Government released a Low Emissions Technology Statement that placed Small Modular Reactors (SMR) on a list of watching brief technologies. SMR developments were to be monitored to see if they might play a part in Australia’s energy
The inaugural chair of the Productivity Commission, Gary Banks, has joined the pile-on against the Albanese government’s “Future Made” subsidies for low-emissions manufacturing. In a speech to the Centre for Independent Studies (CIS), Banks described the subsidies as a “fool’s errand” that would embed waste and lower the nation’s productivity: “Seeking to obtain benefits to
Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February. Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. The below chart from Justin Fabo at Antipodean Macro compares Canada’s core
Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer Damien Klassen dissects the war, its effect on the oil price, and the oil price’s effect on inflation. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund,
Big. Ironically. Morgan Stanley with the report. Our base case = $105bn global obesity market in 2030 Extrapolating the strong early dynamics in the US and the initial demand in Europe (focusing on the roll-outs in Denmark, Norway and Iceland, where supply was not constrained), we now project the global obesity market to reach $105bn
The Australian Bureau of Statistics (ABS) has released labour market data for March, which shows that the nation’s unemployment rate rose by 0.1% to 3.8% following a 6.,600 contraction in the number of jobs: The result beat analysts’ expectations of a 3.9% rate. The underemployment rate also fell by 0.1% over the month to 6.5%,