by sasha@traceyrobinson.ca | Mar 5, 2024 | Uncategorized
The Canadian economy sidestepped a recession in 2023 as Q4 growth moved back into positive, though moderate, territory, and the Q3 contraction was once again diminished to -0.5%. Still No Recession In Canada Thanks to Huge Influx of Immigrants Real gross domestic...
by sasha@traceyrobinson.ca | Jan 24, 2024 | Uncategorized
The Bank of Canada held rates steady once again, and the more dovish press release hints at rate cuts later this year. The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth...
by sasha@traceyrobinson.ca | Dec 6, 2023 | Uncategorized
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...
by sasha@traceyrobinson.ca | Nov 30, 2023 | Uncategorized
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....
by sasha@traceyrobinson.ca | Nov 21, 2023 | Uncategorized
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...
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...
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