KeatsConnelly Cross-Border Weekly Best of the Web 2016-1-29

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s highlighted articles include a heavy dose of Canadian economic news. The first article highlights the Bank of Canada’s recent decision to hold interest rates steady, the second article discusses the Vancouver housing market, and the final article dives into the potential for a negative interest rate environment in Canada.

Bank of Canada kees rates on hold, awaiting wild card from Trudeau’s stimulus plan ( – If Canada’s monetary policymakers are banking on a promised fiscal kick from the Liberal government’s stimulus program, they may have to wait for some time yet. Bank of Canada governor Stephen Poloz acknowledged Wednesday that growth in gross domestic product over the last year has not been stellar. Nonetheless, in what is seen as a very close call, the Bank of Canada kept its key interest rate on hold at 0.5 per cent, choosing to maintain a different monetary course from the United States, as the collapse in global oil prices continues to present “a difficult adjustment” for the domestic economy…

Vancouver housing market more unaffordable than New York and London: survey ( – Vancouver may have just add another notch to its reputation for being pricey. According to U.S. group Demographia, Vancouver is the third-least affordable city in the world for a home, and construction constraints are to blame for rising home prices there and in other Canadian cities. Wendell Cox, the principal owner at Demographia, which looked at 367 markets and nine countries for the study, says that’s a trend that can be seen in Toronto too as limits to ground-level detached housing in favour of condominium living are creating a shortage of housing as people refuse to move into high-rises…

How Canada is flirting with a bizarre world of negative interest rates ( – When the European Central Bank meets in March, markets anticipate that it will cut its already negative deposit rate further, deepening Europe’s multi-year experiment with sub-zero interest rates, which began in June 2014. The ECB currently charges banks to park money with it as part of a policy where the official deposit rate is set at -0.3 per cent. In a normal interest rate environment, it would be paying banks that leave their money in its vaults. Three other countries — Denmark Sweden and Switzerland — now flirt with deposit rates as low as -0.5 per cent…

Come back in next week for more interesting news and articles. Enjoy your weekend!

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