January Jobs Report Dispells Recession FearsBy Scott WestlakeFebruary 12, 20240 comments#economicupdate #drsherrycooper #interestrates #boc oday's StatsCanada Labour Force Survey for January was ...Read more...
Good News On the Inflation Front Suggests Policy Rates Have PeakedBy Scott WestlakeNovember 21, 20230 comments#economicupdate #drsherrycooper #interestrates #boc Today's inflation report showed a continued improvement, mainly due to falling year-over-year (y/y) gasoline prices. The October ...Read more...
Canadian Home Sales Slump Accelerates in OctoberBy Scott WestlakeNovember 15, 20230 comments#economicupdate #drsherrycooper #interestrates #boc Housing affordability is the number-one issue causing ...Read more...
Canadian Inflation Rose More Than Expected in April, But Core Inflation SlowedBy Scott WestlakeMay 17, 20230 comments#inflation #rates #mortgagerates #economy #drsherrycooper There's been an unexpected hiccup in the Bank of Canada's ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the previous ...Read more...
High Interest Rates Have Not Slowed the Labour Market SufficientlyBy Scott WestlakeMay 8, 20230 comments#jobsreport #marketupdate #economy #mortgagerates #drsherrycooper The Canadian labour market has done it again, blowing ...Read more...
Employment Report Ended 2022 With A BoomBy Scott WestlakeJanuary 9, 20230 comments#employment #CPI #rates #mortgagerate #drsherrycooper Today's Labour Force Survey for December was much stronger ...Read more...
The Canadian Economy Is Slowing--Job Markets Will Begin To ShiftBy Scott WestlakeAugust 7, 20220 comments#economicupdate #boc #drsherrycooper #SW #TWT #DLC The July employment report, released this morning by Statistics Canada, is a real head-scratcher. The job numbers fell for a second consecutive month, but so did the number of job ...Read more...
Affordable Housing Is A Key Theme In Federal Budget 2022By Scott WestlakeApril 8, 20220 comments#budget #housing #drsherrycooper #drcooper #twt #SW #DLC Today's budget announced a $10 billion package of proposals intended to reduce the cost of housing in Canada (see box below). The fundamental problem is insufficient supply to ...Read more...
Inflation Pressures AcceleratingBy Scott WestlakeMarch 21, 20220 comments#inflation #drsherrycooper StatsCanada today reported that consumer prices rose 5.7% year-over-year in February, up again from the prior month's 5.1% rise. This was the largest gain since August 1991 (+6.0%). ...Read more...
New Real Estate Listings Finally Show Some LifeBy Scott WestlakeMarch 21, 20220 comments#realestatelistings #drsherrycooper Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales were up in February 2022 as buyers jumped on the first spring listings. The ...Read more...
Mortgage Broker News - Housing Affordability Erodes Further With Record-Low SupplyBy Scott WestlakeJanuary 17, 20220 comments#economicupdate #boc #drsherrycooper #SW #TWT #DLC To connect with Scott Westlake, scott@thewestlaketeam.com Housing affordability remains a huge political issue and with the Department of Finance working on the upcoming ...Read more...
Strong December Jobs Report in Canada. Another Strong Jobs Report In DecemberBy Scott WestlakeJanuary 10, 20220 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake To connect with Scott Westlake scott@thewestlaketeam.com Article: Statistics Canada released the December Labour Force Survey this morning, reporting employment gains of 54,700 last month–double market expectations. The unemployment rate fell to 5.9% from the 6.0% 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...
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...
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...
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...