by sasha@traceyrobinson.ca | Nov 20, 2023 | Uncategorized
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...
by sasha@traceyrobinson.ca | Nov 7, 2023 | Uncategorized
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...
by sasha@traceyrobinson.ca | Oct 25, 2023 | Uncategorized
The Bank of Canada took another breather today, as was widely expected. The economy has slowed since the last Monetary Policy Report in July, and headline inflation has dipped to 3.8%–well above the Bank’s 2% target. Energy prices will likely be impacted...
by sasha@traceyrobinson.ca | Oct 17, 2023 | Uncategorized
The decline in headline and core inflation and the weak Business Outlook Survey bodes well for the continued pause in Bank of Canada rate hikes. Today’s inflation report for September was considerably better than expected, ending the three-month rise in...
by sasha@traceyrobinson.ca | Oct 13, 2023 | Uncategorized
September Home Sales Weaken in Canada As New Listings Surge Increasing Mortgage Rates Weighed Heavily On Housing In September Mortgage rates continued to rise in September after BoC tightening and one of the largest bond selloffs in history. Yields have retraced some...
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