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Stock impact report

Housing downturn worsens as Trump's trade war disrupts Canadian market stability [Wealth Professional (Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Canada's housing market, which had consistently rebounded from previous economic shocks over the past 25 years, is now facing significant strain. According to The Globe and Mail , this time the stress comes not from domestic conditions but from the trade policies of US President Donald Trump. Sales have fallen sharply, dragging prices with them. Unsold inventory has risen—especially small, investor-targeted condominium units in cities that have done little to address family housing needs. Amid record-low consumer confidence and the growing risk of inflation from the trade war, experts now expect housing to act as a major drag on Canada's economic growth The situation marks a sharp shift from last autumn, when Bank of Canada Governor Tiff Macklem reflected widespread optimism in the real estate sector, saying falling interest rates would “fuel a stronger rebound in housing activity” in 2024. David Doyle, head of economics at Macquarie Group, said, “ The risk Canada faces now Show less Read more
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