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...
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...
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