Stronger-Than-Expected Jobs Report in JanuaryBy Scott WestlakeFebruary 7, 20250 comments Today's Labour Force Survey for January surprised on ...Read more...
Noone Benefits From TariffsBy Scott WestlakeFebruary 3, 20250 commentsDespite having negotiated the current trade agreement among the U.S., Mexico, and Canada during his first administration, Donald Trump broke the terms of that treaty on Saturday. He triggered a global stock market selloff after fulfilling his threat to impose tariffs on Canada, Mexico, ...Read more...
The Bank of Canada cut the benchmark overnight policy rate for the sixth consecutive time since June. This time the rate cut was 25 bps.By Scott WestlakeJanuary 30, 20250 comments Bank of Canada Cuts ...Read more...
Understanding the Bank of Canada's Latest Rate Cut: A Strategic Move for Borrowers and the EconomyBy Scott WestlakeJanuary 29, 20250 comments As Canada steps into 2025, the Bank of Canada (BoC) has made headlines with yet another rate cut, reducing its lending rate by 25 basis points to 3%. This action marks a continued commitment to easing monetary conditions, following a substantial 50 basis point cut in December ...Read more...
Positive News On The Inflation FrontBy Scott WestlakeJanuary 22, 20250 comments The Consumer Price Index (CPI) increased by 1.8% year-over-year in December, a slight decrease from the 1.9% rise in November. The ...Read more...
The Impact of Tariffs on Canadian Housing MarketsBy Scott WestlakeJanuary 20, 20250 comments ...Read more...
A Year End Note to my Clients, Referral Partners & FriendsBy Scott WestlakeDecember 20, 20240 commentsDear Friends, Clients, and Partners, As we approach the end of another year, I want to take a moment to express my heartfelt gratitude for the incredible support you’ve shown me and my brokerage throughout the past year. Your trust and collaboration mean the world to ...Read more...
A Note to My Team - Looking Ahead to an Exciting and Prosperous 2025!By Scott WestlakeDecember 19, 20240 comments Dear Team, As we close out another successful year, I want to express how truly grateful I am for each and every one of you. Being part of this team is not just about work, but about being in an amazing industry that allows us the freedom to manage our time and location, ...Read more...
Good News On The Inflation FrontBy Scott WestlakeDecember 18, 20240 comments The Consumer Price Index (CPI) rose 1.9% year-over-year (y/y) in November, down from a 2.0% increase in October. Slower price ...Read more...
The Canadian Housing Market Strengthens FurtherBy Scott WestlakeDecember 17, 20240 comments Home sales activity ...Read more...
Bank of Canada Cuts Policy Rate By 50 BPs AgainBy Scott WestlakeDecember 11, 20240 comments The BoC slashed the overnight rate by 50 bps ...Read more...
Interest Rates Dropped! Here’s How It Benefits YouBy Scott WestlakeDecember 11, 20240 comments The Bank of Canada has lowered its key interest rate to 3.25% and the prime lending rate to 5.45%. If you have a fixed-rate mortgage, you won’t be affected directly. However, this change could benefit you in other ways, particularly regarding other credit facilities and potential ...Read more...
The Surge In Canadian Unemployment Keeps Another Jumbo Rate Cut In Play In DecemberBy Scott WestlakeDecember 6, 20240 comments Before the release of today's Canadian Labour Force Data, ...Read more...
Economic Insights...By Scott WestlakeDecember 3, 20240 comments There is an unprecedented disparity between the economic and financial situation in the US and Canada. The Canadian economy is far more interest-sensitive ...Read more...
Canadian Inflation increased to 2.0% y/y in October--up from 1.6% in September owing to a smaller decline in gasoline prices.By Scott WestlakeNovember 19, 20240 comments ...Read more...
Canadian Home Sales Surge in October Led by the GVA and GTABy Scott WestlakeNovember 15, 20240 comments Canadian home sales surged to their highest level in more ...Read more...