Income required to rent in Canadian cities
1: Minimum income required to rent in Canadian cities
2: Economic drag from removal of fiscal spending
The anticipated removal of stimulus is expected to create a significant drag in the near future. Will politicians really cut spending this much, risking their careers? I doubt it.
3: Real interest rates are the most negative on record
Nominal interest rates less inflation = real interest rates. What this shows is cash and cash equivalents are losing purchasing power faster than what was experienced during the 1970s.
4: Relative to recent history, oil supplies are tight
West Texas Intermediate is trading around $90 per barrel because global supply isn’t coming on-line to meet strengthening demand. The chart below shows the surplus of oil relative to the pre-Covid average. This is a confusing chart. Essentially, it shows how the surpluses created when demand plummeted during the pandemic have been erased.