by sasha@traceyrobinson.ca | Jan 26, 2023 | Uncategorized
The Bank of Canada slowed its pace of monetary tightening by raising the overnight policy rate by 25 bps and suggesting that it will hold the rate here while it assesses the impact of cumulative interest rate increases. As expected, the Bank of Canada–satisfied...
by sasha@traceyrobinson.ca | Jan 17, 2023 | Uncategorized
Headline inflation fell to 6.3% in December, while core CPI fell a tick. This is good news, but we need more to keep the BoC on the sidelines. Expect a 25 bps rate hike on January 25. Good News on the Inflation Front in December The Consumer Price Index (CPI) rose...
by sasha@traceyrobinson.ca | Nov 16, 2022 | Uncategorized
Housing Correction Continued In October Statistics released today by the Canadian Real Estate Association (CREA) show home sales were up 1.3% on a month-over-month basis in October. Still, monthly activity remained a whopping 36% below the October pace in 2021. The...
by sasha@traceyrobinson.ca | Oct 27, 2022 | Uncategorized
“They are telling you, ‘We have done most of the job, but it’s not done yet'” By Fergal McAlinden 27 Oct 2022Share The Bank of Canada’s latest interest rate increase may have been lower than markets had expected – but the central bank is still...
by sasha@traceyrobinson.ca | Oct 24, 2022 | Uncategorized
Canada’s headline inflation rate ticked down slightly last month to 6.9%, but measures of core inflation remain stubbornly high, and food prices hit a 41-year high. Lower gasoline prices were primarily responsible for the decline in inflation in the past three...
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