Bank of Canada Cuts Policy Rate By 50 BPS After three consecutive 25 bp rate cuts, the BoC slashed the overnight rate by 50 bps this morning, bringing

Bank of Canada Cuts Rates Another Quarter Point Today, the Bank of Canada cut the overnight policy rate by another 25 basis points to 4.25%.

More Good News On The Canadian Inflation Front Inflation in Canada decelerated once again in July to its slowest pace in three years, assuring the

Canadian Housing Market Paused In July Despite the continued decline in interest rates, the Canadian housing market saw summer doldrums last month. The Canadian Real

Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-Play Canadian employment data, released today by Statistics Canada, showed a continued slowdown, which historically would have

Early Signs Of Renewed Life In June Housing Markets The Canadian Real Estate Association (CREA) announced today that national home sales rose 3.7% between May

Weaker-Than-Expected June Jobs Report Keeps BoC Rate Cuts In Play Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically would

Hawkish Hold By The Bank of Canada The Bank of Canada today held its target for the overnight rate at 5%, as was widely expected.

Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report for September was considerably better than expected, ending the three-month rise

Increasing Mortgage Rates Weighed Heavily On Housing In September Mortgage rates continued to rise in September after BoC tightening and one of the largest bond

Another Strong Jobs Report Tests BoC’s Patience Canadian employment rose by a whopping 63,800 in September, tripling market expectations. The underlying data put the strong

August Inflation Hotter Than Expected Canada’s inflation rate accelerated more than expected for the second consecutive month, mainly driven by higher gasoline prices. This will not

Home Sales Dipped Once Again Last Month In The Wake of Two Consecutive BoC Rate Hikes Not surprisingly, buyers moved to the sidelines last month

Posted on September 8, 2023 AUGUST JOBS REPORT BEAT EXPECTATIONS Following a marked decline in employment in July, Statistics Canada reported a gain of 40,000

It’s a Close Call Which Way the Bank Will Go Employment growth last month came in at a whopping 60,000 jobs, tripling expectations, and most

Will the May Inflation Decline Thwart Another Rate Hike in July? The May inflation data, released this morning by Statistics Canada, bore no surprises. The

Strong May Housing Triggered BoC Rate Hike The Canadian Real Estate Association says home sales in May rose 5.1% month-over-month (m/m), adding to the 11.1%

May’s Softer Labour Market Data Ended The Longest Run Of Job Gains Since 2017 Ironically, the May Labour Force Survey showed a modest slowdown two

Holy Smokes, The Bank of Canada Means Business If there were any doubt that the Bank of Canada wanted inflation to fall to 2%, it

The Canadian economy continues to show marked resilience to high-interest rates. Statistics Canada released data this morning showing real GDP rose at an above-consensus 3.1% annual rate

The Canadian inflation rate accelerated for the first time in nearly a year   The slight upward movement in the latest Canadian inflation numbers is

Canadian Inflation Rose More Than Expected in April, But Core Inflation Slowed Canadian Inflation Rose More Than Expected in April, But Core Inflation Slowed  There’s

High Interest Rates Have Not Slowed the Labour Market Sufficiently The Canadian labour market has done it again, blowing past expectations for the fifth straight

High Interest Rates Have Not Slowed the Labour Market Sufficiently The Canadian labour market has done it again, blowing past expectations for the fifth straight

Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before

Weakening Housing Markets Pose A Risk For The Canadian Economy On April 18, Canada’s national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released

Good News On The Canadian Housing Front The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers

The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% Inflation The Bank of Canada left the overnight policy rate at

This morning’s Jobs Report was again solid. Job creation, though more tempered than in earlier months, is still robust. The unemployment rate remained at 5.0%

Federal Budget 2023…Press the Snooze Button   As promised, there would be nothing much in this year’s budget for fear of stimulating inflation. The federal

All eyes will be on the Federal Reserve tomorrow when they decide whether to hold rates steady because of the banking crisis or raise the

HOUSING MARKET COULD BE POISED FOR A SPRING REBOUND   The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous

US POLICYMAKERS TAKE EMERGENCY ACTION TO PROTECT DEPOSITORS AT FAILED BANKS   Silicon Valley Bank (SVP) had a sterling reputation among the many tech start-ups

CANADIAN LABOUR MARKET JEOPARDIZES RATE PAUSE   Today’s Labour Force Survey (LFS) for February was much stronger than expected, questioning how long the Bank of Canada’s rate

THE BANK OF CANADA HOLDS RATES STEADY EVEN AS THE FED PROMISES TO PUSH HIGHER As expected, the central bank held the overnight rate at

BAD NEWS IS GOOD NEWS FOR THE BANK OF CANADA Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of

DECEMBER HOUSING DATA ENDED 2022 ON A WEAK NOTE The Canadian Real Estate Association says home sales in January were the lowest for the month

FURTHER DECLINE IN INFLATION IN JANUARY AFFIRMS BANK OF CANADA PAUSE IN MARCH Canadian inflation decelerated meaningfully in January despite the continued strength in the

RED HOT LABOUR MARKET DESPITE RATE HIKES Today’s Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long