by sasha@traceyrobinson.ca | Feb 28, 2023 | Uncategorized
The Canadian economy ended 2022 with a deeper slowdown than anticipated. Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of 2022 this morning, showing a marked slowdown in economic activity. This will undoubtedly keep the...
by sasha@traceyrobinson.ca | Feb 21, 2023 | Uncategorized
Headline inflation fell to 5.9% y/y in January, down from 6.3% in December. Canadian inflation decelerated meaningfully in January despite the continued strength in the economy. Labour markets remain very tight, and retail sales continue strong. Nevertheless, the Bank...
by sasha@traceyrobinson.ca | Feb 13, 2023 | Uncategorized
Today’s Labour Force Survey for January showed much stronger than expected job growth and continued low unemployment despite Bank of Canada rate hikes. Today’s Labour Force Survey (LFS) for January was much stronger than expected, once again calling into...
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...
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