The Financial Post Twitter Feed had a bunch of updates throughout the day. More so than usual. I picked a selection of articles which were the most noteworthy of the day.
Analyst outlooks: Just how accurate are they?
This has to be the age old question for anyone who has followed the markets. Whether you are just starting or if you're a veteran, getting the right information is the name of the game. However, with all the different factors which come into play, its questionable if the experts really know what they are talking about. According to this, those who took the mainstream advice with skepticsm during the height of the boom had the right idea. However, as the markets started to decline the predictions started to fall more closely in line to the reality.
Yes, conventional wisdom still insists that experts are more accurate during a bull market than a bear market. This can be explained by the inability of the economists to predict turning books in times of uncertainty. Another explanation would be that because everything is doing well in a bull market, the economists can predict upward swings and they most likely will be right.
I don't know, you decide! I'd love to hear your thoughts on this question.
Home Prices Rise in Canada's Biggest Cities
No surprise here! Considering HST is coming in it can be expected that more people would want to purchase a home sooner than later. Ottawa was up 1.1% along with Montreal. The highest increase in home prices was Halifax with 1.9%.
Toronto only came in at an increase of 0.6%. After watching the news and the G8/G20 this is not shocking at all ...
So, if you're looking for a home in Canada's Best Place to Live, don't forget to visit Ottawa Moves. It has everything you need to buy or sell your property. Check it out today!
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