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In this comprehensive economic update, we delve into the key factors shaping Canada's financial landscape. Join us as we explore the recent developments in inflation, corporate bankruptcies, the rental market, sentiment, and mortgages, providing you with a nuanced understanding of the current economic climate.

Canada's annual inflation rate unexpectedly decelerated to 2.9% in January, marking the first time in seven months it dropped below 3%. This has led to increased speculation about an early interest rate cut, with markets now placing a 58% probability of a rate cut in April. The Bank of Canada's core inflation measures also eased, prompting discussions about the possibility of rate cuts despite the key overnight rate remaining at 5%.

Corporate borrowers are closely monitoring the situation as Canada experiences a 35-year high in corporate bankruptcies, reaching 400 per month! This alarming surge, a 266% increase in just three years, raises concerns about potential repercussions on employment rates. We explore the impact on major corporations like Bell Canada, which recently underwent a significant restructuring, shedding 9% of its workforce.

The rental market, currently at its highest level in 40 years, contributes 0.6% to inflation alone. However, a record low in apartment vacancy rates and a surge in average rent by over 8% year-on-year present challenges. We discuss the factors that may lead to a cooling effect in the rental market, including the construction of 200k rental units, adjustments in immigration policies, and a cap on international student visas.

Housing sentiment continues its upward trajectory, reaching the highest point since August 2023. Sales activity in major cities like Toronto and Vancouver has surged, with monthly mortgage payments showing a decline since late 2023. Despite affordability challenges, the Housing Affordability Index is trending downwards, currently at 49%. We explore how positive sentiment is driving real estate activities, particularly among the affluent 1% of the population.

Mortgage originations are witnessing notable shifts, with an increasing number of individuals opting for variable rates. The popularity of 3 or 4-year fixed mortgages is on the decline, while total mortgage originations align with the 10-year average. We delve into the reasons behind these shifts and their implications for the broader economy.

In a closer look at micro-market trends, we observe a 40% year-on-year spike in sales, with February tracking for a 10% increase. Prices are rising, inventory remains below 10k, and the situation mirrors the dynamics of 2023. We provide insights into the factors contributing to these market trends and their potential implications which look like increasing prices so long as inventory levels remain low and Buyer demand continues to increase.

Stay informed about the latest economic developments by watching this detailed analysis. Subscribe for more updates on Canada's economic landscape and make informed decisions in these dynamic times.

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This week on World Ocean Radio as part of the multi-part RESCUE series we revisit the concept of ecosystem services accounting and propose that, in order to create a culture of investment for our future, we must apply energy, imagination and innovation to enable transition and success. RESCUE as an acronym offers a plan for specific action and public participation: Renewal, Environment, Society, Collaboration, Understanding, and Engagement.

About World Ocean Radio
World Ocean Radio offers 5-minute weekly insights dive into ocean science, advocacy and education hosted by Peter Neill, lifelong ocean advocate and maritime expert. Episodes offer perspectives on global ocean issues and viable solutions, and celebrate exemplary projects. Available for syndicated use at no cost by college and community radio stations worldwide.

World Ocean Radio offers five-minute weekly insights that dive into ocean science, advocacy and education, hosted by Peter Neill, Director of the W2O, author, and lifelong ocean advocate. Episodes offer perspectives on global ocean issues, today’s challenges, marine science and policy, and exemplary solutions. Available for RSS feed, podcast, and syndicated use at no cost by community radio stations worldwide.

The multi-part RESCUE series continues this week with a discussion of the reality of carbon offsets, corporate accounting, and the concept of net zero. In this episode we lay out three paths forward toward a sustainable future: 1. remove subsidies 2. embrace renewable alternatives and 3. shift funds and banks to these options. RESCUE as an acronym offers a plan for specific action and public participation: Renewal, Environment, Society, Collaboration, Understanding, and Engagement.

About World Ocean Radio
5-minute weekly insights dive into ocean science, advocacy and education hosted by Peter Neill, lifelong ocean advocate and maritime expert. Episodes offer perspectives on global ocean issues and viable solutions, and celebrate exemplary projects. Available for syndicated use at no cost by college and community radio stations worldwide.

World Ocean Radio offers five-minute weekly insights that dive into ocean science, advocacy and education, hosted by Peter Neill, Director of the W2O, author, and lifelong ocean advocate. Episodes offer perspectives on global ocean issues, today’s challenges, marine science and policy, and exemplary solutions. Available for RSS feed, podcast, and syndicated use at no cost by community radio stations worldwide.

If you have an e-commerce store, are a social media influencer, own your own brand or are thinking about starting a business, then you’re not going to want to miss this week’s episode of The Alden Report where I am joined by attorney Robert Freund. Along with very informative and engaging social media content, Robert is an experienced business litigator and advisor who focuses his practice on advertising compliance and litigation, with an emphasis on e-commerce and social media marketing issues.  His clients primarily are direct-to-consumer brands, marketing agencies, and individual creators.

Before opening his own firm, Mr. Freund honed his legal skills working at Greenberg Traurig, LLP, one of the largest and most respected international law firms.  Mr. Freund has represented individuals and companies in complex commercial litigation, including consumer class actions and claims related to false advertising and unfair competition.  He also has represented clients in the entertainment, real estate, and financial services industries.

While in law school at UC Davis, Mr. Freund clerked for the Consumer Protection Unit of the Alameda County District Attorney’s Office, where he worked on civil and criminal cases involving fraud, deceptive advertising, anticompetitive practices, and other economic crimes.  Mr. Freund also served as an editor of the UC Davis Law Review.

Mr. Freund has lectured about social media advertising law at the University of Southern California, the University of San Diego, the Fashion Institute of Technology, and the IMC University of Applied Sciences Krems, and he has been quoted in The Wall Street Journal, The New York Times, Bloomberg Law, Vox, Business Insider, and Forbes on those issues.

Thank you very much to Robert for joining me on The Alden Report.

For more information on Robert Freund and his law firm, you can visit: https://robertfreundlaw.com/

 Check out some of his extremely informative content on Instagram @robertfreundlaw

For the full version of this episode and early access to future episodes, you may become a member of The Alden Report here:

https://www.patreon.com/thealdenreport

Thank you to this episode's sponsor:

Spotlight Production and Media Management
Imagine spotlighting yourself, your brand or your book on virtually every major network all of the country and appearing in people's homes week after week after week. No worries about whether or not your ad on social media is actually being fed to people. You WILL be in their homes in front of them. With our experience and know how we can take an unknown person, brand, book, product or service and turn it into a household name.  

https://www.mikealden.com/author-spotlight

For more info on Michael Alden visit: https://www.mikealden.com/

For more info on Michael Alden’s latest book BEST SELLER SECRETS visit: https://www.bestsellersecretsbook.com/

Listen to other episodes of The Alden Report here: https://thealdenreport.com/

Follow Mike Alden here:

Facebook: https://www.facebook.com/MikeAlden2012

Twitter: https://twitter.com/MikeAlden2012

Instagram: https://www.instagram.com/mikealden

TikToK: https://www.tiktok.com/@mikealden2012

If you have an e-commerce store, are a social media influencer, own your own brand or are thinking about starting a business, then you’re not going to want to miss this week’s episode of The Alden Report where I am joined by attorney Robert Freund. Along with very informative and engaging social media content, Robert is an experienced business litigator and advisor who focuses his practice on advertising compliance and litigation, with an emphasis on e-commerce and social media marketing issues.  His clients primarily are direct-to-consumer brands, marketing agencies, and individual creators.

Before opening his own firm, Mr. Freund honed his legal skills working at Greenberg Traurig, LLP, one of the largest and most respected international law firms.  Mr. Freund has represented individuals and companies in complex commercial litigation, including consumer class actions and claims related to false advertising and unfair competition.  He also has represented clients in the entertainment, real estate, and financial services industries.

While in law school at UC Davis, Mr. Freund clerked for the Consumer Protection Unit of the Alameda County District Attorney’s Office, where he worked on civil and criminal cases involving fraud, deceptive advertising, anticompetitive practices, and other economic crimes.  Mr. Freund also served as an editor of the UC Davis Law Review.

Mr. Freund has lectured about social media advertising law at the University of Southern California, the University of San Diego, the Fashion Institute of Technology, and the IMC University of Applied Sciences Krems, and he has been quoted in The Wall Street Journal, The New York Times, Bloomberg Law, Vox, Business Insider, and Forbes on those issues.

Thank you very much to Robert for joining me on The Alden Report.

For more information on Robert Freund and his law firm, you can visit: https://robertfreundlaw.com/

 Check out some of his extremely informative content on Instagram @robertfreundlaw

For the full version of this episode and early access to future episodes, you may become a member of The Alden Report here:

https://www.patreon.com/thealdenreport

Thank you to this episode's sponsor:

Spotlight Production and Media Management
Imagine spotlighting yourself, your brand or your book on virtually every major network all of the country and appearing in people's homes week after week after week. No worries about whether or not your ad on social media is actually being fed to people. You WILL be in their homes in front of them. With our experience and know how we can take an unknown person, brand, book, product or service and turn it into a household name.  

https://www.mikealden.com/author-spotlight

For more info on Michael Alden visit: https://www.mikealden.com/

For more info on Michael Alden’s latest book BEST SELLER SECRETS visit: https://www.bestsellersecretsbook.com/

Listen to other episodes of The Alden Report here: https://thealdenreport.com/

Follow Mike Alden here:

Facebook: https://www.facebook.com/MikeAlden2012

Twitter: https://twitter.com/MikeAlden2012

Instagram: https://www.instagram.com/mikealden

TikToK: https://www.tiktok.com/@mikealden2012

Dr. Tana M. Session is an award-winning Consultant, International Speaker, Executive-level Performance Coach, Best-selling Author, recognized Inclusion, Diversity & Multigenerational Thought Leader and Media Contributor. Dr. Session was recently recognized as a “Top Company Culture Consultant” by Fond.co, “Top Employer Branding Expert” by Eightfold.ai, and a Huffington Post “Top Female Expert to Follow.” Dr. Session is the official LinkedIn Learning expert for Diversity & Inclusion in recruiting and interviewing and was also recognized by Forbes as a “Next 1000” and a “Top Diversity & Inclusion Business Leader,” and a “DEI Champion” by the National Diversity Council. Additionally, her business was recognized by Design Rush as a "Top 5 California Business Consulting Firm" and a "Top 10 California HR Outsourcing Company," and CORE Magazine/USA Today recognized her as "CORE 100 Most Influential Blacks Today." 

As an Organizational Development Strategist, Dr. Session partners with multiple clients across various industries to help assess their individual company cultures and develop transformational workplace strategies to increase employee retention and engagement with a focus on inclusion, diversity, equality & belonging. As a corporate trainer and performance coach, Dr. Session provides actionable tools & strategies catered to each organization to help both leaders AND employees excel in the workplace. Her unique skill is making people MORE of who they already ARE!

Dr. Tana M. Session holds the PHR, GPHR and SHRM-SCP certifications as well as multiple ICF-approved performance coaching certifications.