Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-PlayBy Scott WestlakeAugust 12, 20240 comments#economicupdate #employment #bankofcanada Canadian employment data, released today by Statistics ...Read more...
Canadian Inflation Eased Again in April, Raising the Chances of a June Rate CutBy Scott WestlakeMay 21, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates The Consumer Price Index (CPI) rose 2.7% year-over-year (y/y) in April, down from 2.9% in March. This marks the fourth consecutive ...Read more...
Homebuyers Cautious As New Listings Surge In AprilBy Scott WestlakeMay 16, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates The Canadian Real Estate Association (CREA) announced today that national home sales dipped in April 2024 from its prior month, as the number of properties available for sale rose ...Read more...
April's Strong Job Gains Likely Postpone Rate Cuts Until JulyBy Scott WestlakeMay 13, 20240 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates #economicupdate Today's StatsCanada Labour Force Survey for April blindsided economists by coming in much more robust than expected. Employment in Canada rose a whopping 90,400 in April, the most ...Read more...
The Bank of Canada Cautious, But A Rate Cut In June Is PossibleBy Scott WestlakeApril 10, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates Today, the Bank of Canada held the overnight rate at 5% ...Read more...
February Job Gains Double Forecast As Unemployment Rate Ticks UpBy Scott WestlakeMarch 11, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates Today's StatsCanada Labour Force Survey for February was ...Read more...
Canadian Home Sales Continued Their Upward Trend in January As Prices Fell ModestlyBy Scott WestlakeFebruary 14, 20240 comments#economicupdate #realestateprices #boC #housing #interestrates The Canadian Real Estate Association announced today that ...Read more...
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...
Brisk Wage Gains in December Will Keep The BoC WatchfulBy Scott WestlakeJanuary 8, 20240 comments#boc #rates #mortgagerate #economy #economicupdate Today's StatsCanada Labour Force Survey for December 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...
Good News On the Inflation Front Suggests Policy Rates Have PeakedBy Scott WestlakeOctober 17, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates Today's inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but ...Read more...
Rate Hikes Are Definitely Off The TableBy Scott WestlakeSeptember 1, 20230 comments#mortgagerates #interestrates #bondyield #economicupdate #variablerate The Canadian economy ...Read more...
Canadian Inflation Falls Within Bank of Canada's Target Range, but Food and Shelter Costs Remain HighBy Scott WestlakeJuly 19, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates ...Read more...
Strong May Housing Triggered BoC Rate HikeBy Scott WestlakeJune 16, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates The Canadian Real Estate Association says home sales in May rose 5.1% month-over-month (m/m), adding to the 11.1% gain in April. This brought the year-over-year sales gain to 1.4%, ...Read more...
Good News Is Bad News For The Bank Of CanadaBy Scott WestlakeJune 1, 20230 comments#inflation #economicupdate #rates The Canadian economy ...Read more...