by sasha@traceyrobinson.ca | Sep 8, 2023 | Uncategorized
The August Labour Force Survey was stronger than expected, keeping the door open for future rate hikes. August Jobs Report Beat Expectations Following a marked decline in employment in July, Statistics Canada reported a gain of 40,000 net new jobs in August. Hiring...
by sasha@traceyrobinson.ca | Sep 6, 2023 | Uncategorized
The Bank of Canada took another breather today, as was widely expected. The slowdown in Q2 growth and household credit triggered the pause. The Governing Council cautioned that they will raise rates again if inflation pressures mount. With last Friday’s...
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...
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