by sasha@traceyrobinson.ca | Aug 16, 2023 | Uncategorized
National home sales edged down 0.7% m/m in July, new listings rose 5.6%, and the MLS Home Price Index climbed 1.1% m/m and was down just 1.5% y/y. According to Shaun Cathcart, the Canadian Real Estate Association’s Senior Economist, “Following a brief...
by sasha@traceyrobinson.ca | Aug 16, 2023 | Uncategorized
Headline inflation rose to 3.3% in July because of base effects. The BoC will take solace in the improvement in core inflation. The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely...
by sasha@traceyrobinson.ca | Aug 9, 2023 | Uncategorized
The July Labour Force Survey was weaker than expected, although wage inflation reaccelerated to 5.0%. The Canadian economy shed 6,400 jobs in July, far weaker than the 25,000 gain that was expected. The jobless rate was 5.5%, the third consecutive monthly rise. This...
by sasha@traceyrobinson.ca | Jun 13, 2023 | Uncategorized
May’s Softer Labour Market Data Ended The Longest Run Of Job Gains Since 2017 Ironically, the May Labour Force Survey showed a modest slowdown two days after the Bank of Canada surprised the markets by raising interest rates. Employment was little changed in...
by sasha@traceyrobinson.ca | Jun 8, 2023 | Uncategorized
After the Bank of Canada hit pause in February, even stating themselves that they felt we were done with increases, this was a complete sucker punch yesterday with an increase of 0.25%. With a strong Labour Market and a Hot Housing Market, the thought now is that...
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