Michael Babad
The Globe and Mail
Toronto, ON, Canada
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Past articles by Michael:
Toronto realtors boast of stronger spring market as bidding wars drive prices
Sales rise sharply in June from year earlier, Toronto Real Estate Board says → Read More
The Toronto stock market finally shows some spunk
Briefing highlights * TSX shows some spunk * Markets at a glance * Tesla to cut jobs * Annual inflation rate rises * From today’s Globe and Mail TSX shows some spunk These are, obviously, very early days, but 2019 has already “been a very good year” for the Toronto stock market, Bank of Montreal’s chief economist notes. “We’re only 12 trading days in, but the index has advanced 6.2 per cent,… → Read More
Why Ontario’s Doug Ford can’t cry poor and wiggle out of his election promises
There’s not a lot of ‘new news’ in the latest provincial fiscal forecast → Read More
What to watch for this week: Is Facebook stock ‘past the point of maximum discomfort’?
All eyes are on embattled social network as it releases first-quarter results in wake of controversy → Read More
Some analysts are betting on a Bank of Canada rate hike this week (but I wouldn’t)
From Netflix results to China’s GDP, what else to watch for → Read More
Stephen Poloz’s life just got a lot more complicated: The week ahead
What to expect from the Bank of Canada this week, and what else to watch for → Read More
Take it to the limit: Canada, we have a debt problem
Bank of Canada to highlight credit, housing in financial system review. Plus, this week's OPEC meeting: ‘Go big or go home’ → Read More
The complete
It's not as rosy when you look at other measures of unemployment → Read More
Canada’s economy powers ahead as ‘the good times roll’
Analysts warn spending, borrowing habits can't last → Read More
Vancouver, Toronto, Calgary among world’s 5 most ‘liveable’ cities
Briefing highlights * World’s most ‘liveable’ cities * Markets at a glance * Scotiabank raises dividend as profit climbs * BMO profit up, dividend unchanged * Home Capital names new CFO 'Liveable' cities Vancouver, Toronto and Calgary are among the world's most "liveable" cities, a new study says. And here's a thought, mate: Melbourne may be No. 1, and two other Australian cities Nos. 6 and 7,… → Read More
Toronto housing slumps fast after move to deflate bubble
The Toronto area’s over-the-top housing market is cooling fast, hosed down by government measures meant to stop a bubble from bursting. Both sales and prices slumped in June for the second straight month in the wake of Ontario’s tax and rent-control measures, numbers released Thursday by the Toronto Real Estate Board show. The market is expected to cool even more, though economists wonder if the… → Read More
Toronto housing slumps fast after move to deflate bubble
The Toronto area’s over-the-top housing market is cooling fast, hosed down by government measures meant to stop a bubble from bursting. Both sales and prices slumped in June for the second straight month in the wake of Ontario’s tax and rent-control measures, numbers released Thursday by the Toronto Real Estate Board show. The market is expected to cool even more, though economists wonder if the… → Read More
Mr. Poloz, Toronto’s housing bubble ‘is not your problem’
Some observers have suggested Bank of Canada Governor Stephen Poloz raise interest rates to deflate Toronto’s housing bubble. But, Mr. Poloz, Deutsche Bank says “Toronto is not your problem.” As The Globe and Mail’s Barrie McKenna reports, Mr. Poloz and his central bank colleagues held their benchmark overnight rate steady at 0.5 per cent, saying recent indicators have been “encouraging.” For… → Read More
Detached Toronto homes crack $1.5-million, with suburbs hopping
Plus, RBC warns on household debt, global stock markets sag, loonie sinks → Read More
Canadians not reaping ‘full benefit’ of oil plunge at the gas pump: BMO
Canadians should be enjoying lower prices at the gas pump given the wreckage in the oil market, BMO Nesbitt Burns says. Many things go into the cost of gas, and it varries across the country, but prices should still be lower than they are, according to calculations made by BMO senior economist Benjamin Reitzes. “With last week’s plunge in oil fresh in my mind as I headed into the weekend, I… → Read More
Canadian dollar takes ‘decent dive’ amid oil rout, heads toward 73¢
Plus, Canada's economy may be more feeble than it looks → Read More
Why the Canadian dollar won’t stop at 74¢. (In fact, it didn’t)
Lousy managers come in all shapes and sizes, with different traits. But what they all have in common is that they’re “bad freakin’ bosses,” as Second City Works so eloquently puts it. Second City Works, the B2B arm of the famous comedy group, has produced a report unlike most studies that make the rounds of HR departments. It’s insightful, but also fun, as you’d expect of an organization that… → Read More
Six types of 'bad freakin' bosses' (and how not to be one)
Lousy managers come in all shapes and sizes, with different traits. But what they all have in common is that they’re “bad freakin’ bosses,” as Second City Works so eloquently puts it. Second City Works, the B2B arm of the famous comedy group, has produced a report unlike most studies that make the rounds of HR departments. It’s insightful, but also fun, as you’d expect of an organization that… → Read More
Bidding wars intensify as Toronto housing market smashes records
Toronto’s hot housing market is now in record territory. Given the accompanying surge in Vancouver, this is certain to raise eyebrows yet again amid questions over inflated property values. Home sales in Toronto climbed 14 per cent in November from a year earlier, to 7,385. What that means is that the 96,401 sales so far this year have already topped the previous 2007 record, with a month still… → Read More
Offshore buyers and their '15% Off' sale on Canadian homes
What analysts say about the Vancouver, Toronto housing markets → Read More