Well thank you Santa!! With all of the negative economic news in the last few weeks, we have to remember (sadly) that bad news for the Economy is good news for Mortgage Rates. This has all led to the Bank of Canada holding firm for the third consecutive meeting and...
The Canadian economy slowed dramatically in the third quarter following an upwardly revised 1.4% growth pace in Q2. With the -1.1% drop in annual growth in Q3. But, we have yet to see two consecutive quarters of negative GDP–the traditional measure of recession....
The decline in headline and core inflation and the weakening economy ensure the BoC will hold rates steady on December 6th. Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report showed a continued improvement, mainly due to...
Canadian home sales plummeted in October as affordability remains the culprit. Home Sales Plummet In October Housing affordability is the number-one issue causing the significant decline in housing activity, adding to PM Justin Trudeau’s political problems. With...
Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table Today’s StatsCanada Labour Force Survey for October was weak across the board. Total job gains were meager, full-time jobs fell, hours worked were flat, wage inflation eased (a bit), and...
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