There are several important financial events coming in the immediate future that will give indication as to how Canada will weather the global economic crisis. Should Canadian interests prove to be stronger, it will result in a great influx of investment into Canada. However, should the results disappoint, it is expected that Canada will slide along with other countries who are in recession.
Here are some key events happening on Monday, although Tuesday's Band of Canada rate change will be more significant.
Monday, March 2
Statistics Canada reports on the gross domestic product data for the fourth quarter, and December GDP by industry. Economists expect an annualized 3.5-per-cent drop in quarterly GDP, and a drop of 0.6 per cent in December.
The U.S. Department of Commerce reports on personal income and spending for January. Economists forecast a drop in income of 0.2 per cent, while personal spending is expected to increase by 0.4 per cent.
The U.S. Commerce Department reports on construction spending for January. A drop of 1.5 per cent is expected.
HSBC Holdings PLC releases fourth-quarter results.
Morguard REIT releases fourth-quarter results.
Northern Property REIT releases quarterly results.
Parkland Income Fund releases fourth-quarter results.
Nortel Networks Corp. releases quarterly results.
Pengrowth Energy Trust reports. Analysts expect fourth-quarter share profit of 10 cents, compared with a 1-cent loss in the year-before period.
Vermilion Energy Trust reports. Fourth-quarter share profit of 21 cents is expected, down from 62 cents in the year-before period.
Tivo Inc. reports. A fourth-quarter loss of 10 cents (U.S.) per share is expected, compared with a 6-cent loss in the year-before period.
Wendy's/Arby's Group Inc. reports. Fourth-quarter share profit of 5 cents (U.S.) is expected, down from 10 cents in the year-before period.
Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score
Mortgage Guidelines Get Tighter - Harder and harder to borrow money
Is Your Mortgage Company Out of Business in 2009? - What to do when your bank goes broke
What is wrong with MLS - Is your info being abused?
Survivor - Real Estate Edition - Let's vote a few more off the island
Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta. He is also a licensed mortgage associate and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the real estate industry since 1993 and offers full MLS real estate services to Lethbridge and surrounding area, as well as mortgage financing, refinancing/renewals, preapprovals, and home equity financing to Lethbridge and Southern Alberta. He can be found online at www.LethbridgeLoans.com
Let me share my 15 years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.
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Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge
Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.