UDI OKANAGAN LUNCHEON -

Nov. 19, 2015

The Post-Election Economic

Landscapeand What That

Means for Real Estate

PRESENTED BY:

Doug Porter,

Chief Economist & Managing Director, BMO

Many cross-currents continue to buffet the economic outlook. Oil prices and the Canadian dollar are near multi-year lows, yet home and auto sales remain close to record highs in Canada. The outlook for China, emerging market weakness and financial market volatility are downside risks, yet the U.S. economic recovery is gaining steam. Central banks are responding in very different ways to these forces: the U.S. Federal Reserve will begin raising interest rates first, followed by the Bank of England. While Japan and the Euro Area are still in easing mode, the Bank of Canada is expected to stay on the sidelines until 2017. These still-low rates should provide further support for housing, including the Okanagan market, although new listings have declined and Alberta’s struggles are a drag. Douglas Porter will address these and other issues, and discuss their impact on the North American economic outlook.

Proudly Sponsored by:

TRAVELERS INSURANCE COMPANY OF CANADA

BANK OF MONTREAL- BMO

FLYNN CANADA