by sasha@traceyrobinson.ca | Sep 5, 2023 | Uncategorized
The Canadian economy slowed dramatically in the second quarter due to declines in housing investment, lower inventory accumulation and slower exports and consumer spending. The Canadian economy weakened surprisingly more in the second quarter than the market and the...
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...
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