Bank of Canada Leaves Expectations For 2022 Rate Hikes IntactBy Scott WestlakeDecember 9, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC The Bank of Canada decided to keep its target for the overnight rate at 0.25%, in line with forecasts and to maintain its forward guidance, which sees a rise in the overnight rate ...Read more...
Another Blockbuster Jobs Report in NovemberBy Scott WestlakeDecember 4, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake Statistics Canada released the November Labour Force Survey this morning, reporting employment gains of 153,700 last month--four times bigger than expectations. The unemployment ...Read more...
Canadian Economy Bounced Back Sharply In Q3By Scott WestlakeDecember 1, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC In line with the Bank of Canada's forecast, the economy rebounded sharply in the third quarter following the weak performance in Q2. Stats Canada announced this morning that GDP ...Read more...
Inflation Surge Is No Need For HysteriaBy Scott WestlakeNovember 18, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4.4% in September. This is in line with market expectations and ...Read more...
Home Sales Surge in OctoberBy Scott WestlakeNovember 15, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC oday the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose a whopping 8.6% in October, its most robust month-over-month ...Read more...
Bank of Canada RespondsTo Mounting Inflation: Ends QE and Hastens Timing of Rate HikeBy Scott WestlakeOctober 27, 20210 comments#economicupdate #boc #drsherrycooper #SW #TWT #DLC The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) ...Read more...
Prices are Rising Everywhere--Transitory Can Last A Long TimeBy Scott WestlakeOctober 21, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC Today's release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since ...Read more...
Canadian Home Prices Continued to Rise As Insufficient Supply Creates Excess DemandBy Scott WestlakeOctober 16, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.9% between August and September 2021, posting the first ...Read more...
Annual Inflation In August Rises to 4.1% in Canada--But Are We Close To The Peak?By Scott WestlakeSeptember 16, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC Today's release of the August Consumer Price Index (CPI) for Canada posted another uptick in the year-over-year (y/y) inflation rate, but hidden in the details was some support for ...Read more...
Home Prices Still Rising As Falling Sales Reflect Insufficient SupplyBy Scott WestlakeSeptember 16, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC ...Read more...
August Employment Report Showed Continuing RecoveryBy Scott WestlakeSeptember 14, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC This morning, Statistics Canada provided us with some much-needed good news on the economic front following last week's surprisingly dismal Q2 GDP report. Canada's labour market ...Read more...
Bank of Canada Responds To Weak Q2 Economy--Holding Policy SteadyBy Scott WestlakeSeptember 9, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC As we await the quarterly economic forecast in next month's Monetary Policy Report, the Bank of Canada acknowledged that the Q2 GDP report, released last week, caught them off-guard. ...Read more...
The Bank of Canada’s Monetary Policy Report and its Impact on You.By Scott WestlakeSeptember 1, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC The Bank of Canada (BoC) released its latest Monetary Policy Report (MPR), and the outlook is optimistic. With the economy re-opening, vaccinations on the rise, and supply chains finding relief from the bottleneck they’ve experienced, the future looks promising. What impact ...Read more...
Housing Dampened Economy in Q2By Scott WestlakeAugust 31, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake For more information on how this article impacts your current or future mortgage needs, contact scott@thewestlaketeam.com This morning's Stats Canada release showed ...Read more...
Annual Inflation Hits 3.7% in Canada--A New Election IssueBy Scott WestlakeAugust 19, 20210 comments#economicupdate #sherrycooper #SW #TWT #DLC This morning's Stats Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month ...Read more...
Canada's Jobs Recovery Continued in JulyBy Scott WestlakeAugust 7, 20210 comments#economicupdate #drsherrycooper #mortgagerates #June2021 #SW #TWT #DLC #scottwestlake Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is ...Read more...