CMB Financial Services Inc.

04/05/2024

True 🙏🏽

Though.

09/21/2023

Truly grateful for my life and my struggles since all my scars make me who I am. Living an intentional life. Happy Thursday, don’t waste your time or energy feeding negativity, embrace each day with a grateful heart ❤️

09/21/2023

Look who is growing up, our baby boy, Isaiah is the big 3 today! Zay, you are the most loving and caring boy, your smile lights up a dark room and your spirit radiates for all that is lucky to be in your presence. May Heavenly Father continue to protect and watch over him for all his days. Love you to the moon and back baby boy❤️🤗

07/03/2023

05/30/2023

Need this strapless bra ❤️

03/16/2023

03/16/2023

12/11/2017

Subject: Canadian Data Release: Housing starts (November 2017)

TD Economics

Canadian Data Release: Housing starts robust in November
· Canadian builders broke ground on 252k (SAAR) housing units in November, 13% higher than October and marking a very robust level of activity. The 6-month moving average rose to 226k from 217k during the month.

· Starts in the volatile multi-family segment drove the headline increase, advancing 16.5% in the month. Meanwhile, housing construction increased by 5.9% in the single-detached market.

· Provincially, starts were up in 6 of 10 provinces, led by Ontario were starts increased by a whopping 38k to 98k units – marking the highest pace of construction since January. Starts were also higher in Manitoba (+1.5k to 6.9k units) and Alberta (+5k to 34k units) with the pace of homebuilding in the latter market the highest since March. New home construction also increased in all of the Atlantic Provinces except New Brunswick. In B.C., starts moderated slightly from the multi-decade high reached in October, though the level was nonetheless solid at 48k.

· Starts in the closely watched Toronto market increased to 45k from 28k in October. However, they have slowed so far in Q4 versus Q3's robust pace. Homebuilding activity in Vancouver dropped by 3k to 32k in the month. However, this follows a surge in October, leaving starts at a very healthy level. A similar story emerged in Montreal, with starts falling to 26k (down 15k) retracing some of the strong gain in October.

Key Implications
· Homebuilding activity was extremely solid in November, rising to its highest level since April 2012. Housing construction has remained resilient this year despite the 'one-two punch' of regulatory measures aimed at cooling housing demand and rising mortgage rates. Ultimately, a healthy economic backdrop and firm population growth have provided support to homebuilding activity nationally.

· In particular, Ontario's sizzling monthly gain provides some evidence that market has so far been able to shake off the impacts of the Fair Housing Plan, which slowed sales and building activity earlier in the year.

· Despite today's blowout report we expect homebuilding to ease to a sub-200k pace in 2018, as higher mortgage rates and updated B20 regulations from OSFI weighing on housing starts, with disproportional impact on the Toronto and Vancouver markets where housing affordability remains highly stretched. Recent building permit data supports this view, with a softening trend in construction intentions in recent months pointing to a cool-off of starts activity in coming quarters.

Rishi Sondhi, Economist
416-983-8806

DISCLAIMER
This report is provided by TD Economics. It is for informational and educational purposes only as of the date of writing, and may not be appropriate for other purposes. The views and opinions expressed may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The report does not provide material information about the business and affairs of TD Bank Group and the members of TD Economics are not spokespersons for TD Bank Group with respect to its business and affairs. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. This report contains economic analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. The Toronto-Dominion Bank and its affiliates and related entities that comprise the TD Bank Group are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.

Tous les renseignements présentés dans ce site Web sont protégés par les lois sur les droits d'auteur du Canada ou d'autres pays. Les utilisateurs de ce site Web ont le droit de copier toute information pour des fins personnelles mais ne peuvent pas republier ou reproduire ces renseignements de ...

11/05/2017

Weekly Bottom Line


Highlights

United States
· Investors this week were kept busy with the release of the GOP tax reform plan, which sent small cap stocks higher and the S&P 500 lower immediately after its announcement. President Trump nominated current Federal Reserve Board Governor Jerome Powell to succeed Janet Yellen as Chair of the Fed in February 2018.

· Volatility as a result of Hurricanes Harvey and Irma skewed data released this week, but the outlook for the fourth quarter remains positive, with hiring in October recovering from hurricane setbacks. Inflation continues to disappoint, with core PCE holding steady in September at 1.3% y/y, and wage growth disappointing in October, rising only 2.4% y/y.

· We expect inflation to reach its 2.0% target late in 2018, with robust economic activity in the meantime giving the Fed enough ammunition to proceed with a rate hike this December.

Canada
· The Canadian economy continues to generate jobs at a robust clip, adding 35.3k jobs in October, marking the 11th straight month of positive job growth. Gains were entirely within full time work, helping to push overall hours worked up 2.7% year-on-year.

· In other data, monthly GDP by industry showed a 0.1% pullback in Canadian economic activity in August and international trade showed a decline in both export and import volumes in September. All told, the data suggest a slowdown in real GDP growth in the third quarter to sub-2%, roughly in line with the Bank of Canada’s recent forecast.


DISCLAIMER
This report is provided by TD Economics. It is for informational and educational purposes only as of the date of writing, and may not be appropriate for other purposes. The views and opinions expressed may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The report does not provide material information about the business and affairs of TD Bank Group and the members of TD Economics are not spokespersons for TD Bank Group with respect to its business and affairs. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. This report contains economic analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. The Toronto-Dominion Bank and its affiliates and related entities that comprise the TD Bank Group are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.

Tous les renseignements présentés dans ce site Web sont protégés par les lois sur les droits d'auteur du Canada ou d'autres pays. Les utilisateurs de ce site Web ont le droit de copier toute information pour des fins personnelles mais ne peuvent pas republier ou reproduire ces renseignements de quel...

10/30/2017

Highlights

United States
· U.S. equities this week managed to recover from earlier losses following strong earnings and a series of upbeat economic data. Durable goods orders and new home sales surprised to the upside, while the House approved a budget plan, adding to the upbeat tone.

· The advance estimate for third quarter GDP growth of 3% (annualized) came in better than expected despite hurricane impacts weighing on domestic demand.

· The ECB announced a reduction in its pace of asset purchases and extended its bond-buying program through September 2018 or beyond if necessary, acting to affirm a growing policy divergence between the ECB and the Fed.

Canada
· Economic data was generally constructive this week, with wholesale trade up in August and a solid payrolls report.

· Finance Minister Morneau delivered his fall economic and fiscal update, which sees an improved budget balance resulting from recent strong economic growth. He elected to ‘split the difference’, with about one-third of the gain used for new initiatives and the remainder allowed to flow through to a reduced deficit profile.

· The Bank of Canada maintained its policy rate at 1.00%. The accompanying discussion took a dovish bent, but the growth outlook remains consistent with further monetary tightening. ‘Data dependency’ likely means that the Bank will seek confirmation of the growth path before further tightening, making January 2018 the most likely trigger point for another hike.


DISCLAIMER
This report is provided by TD Economics. It is for informational and educational purposes only as of the date of writing, and may not be appropriate for other purposes. The views and opinions expressed may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The report does not provide material information about the business and affairs of TD Bank Group and the members of TD Economics are not spokespersons for TD Bank Group with respect to its business and affairs. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. This report contains economic analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. The Toronto-Dominion Bank and its affiliates and related entities that comprise the TD Bank Group are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.

Tous les renseignements présentés dans ce site Web sont protégés par les lois sur les droits d'auteur du Canada ou d'autres pays. Les utilisateurs de ce site Web ont le droit de copier toute information pour des fins personnelles mais ne peuvent pas republier ou reproduire ces renseignements de quel...