Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.UN

Primary Symbol: T.AX.PR.E Alternate Symbol(s): ARESF | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

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Artis Real Estate Investment Pref Shs Series E > Canada’s economy

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Post by Torontojay on Oct 16, 2024 10:07am

Canada’s economy

Is a lot weaker than it appears. Inflation is now at risk of turning into deflation with the unemployment rate sitting at 6.5%. Don't be deceived into thinking the situation has improved over the last month as a change in labour participation rate can artificially lower the unemployment rate. It's simple math.

You should expect an increase in unemployment rate over the coming months as the labour force participation rate normalizes. My base case is that Canada's unemployment rate will trough at over 8% if measured correctly.

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Comment by garyreins on Oct 16, 2024 10:42am

Yes the consumer is pinched with high rates and high inflation. This is just not ending well. Fortunately, reits will rally the bigger and bolder the rate cuts become

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Artis Real Estate Investment Pref Shs Series E