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...
by sasha@traceyrobinson.ca | Oct 17, 2023 | Uncategorized
The decline in headline and core inflation and the weak Business Outlook Survey bodes well for the continued pause in Bank of Canada rate hikes. Today’s inflation report for September was considerably better than expected, ending the three-month rise in...
by sasha@traceyrobinson.ca | Oct 13, 2023 | Uncategorized
September Home Sales Weaken in Canada As New Listings Surge Increasing Mortgage Rates Weighed Heavily On Housing In September Mortgage rates continued to rise in September after BoC tightening and one of the largest bond selloffs in history. Yields have retraced some...
by sasha@traceyrobinson.ca | Oct 6, 2023 | Uncategorized
Traders are now pricing in another BoC 25-bp rate hike by March ’24. Canadian employment rose by a whopping 63,800 in September, tripling market expectations. The underlying data put the strong job growth into perspective. Most of the gains in overall employment...
by sasha@traceyrobinson.ca | Sep 20, 2023 | Uncategorized
Headline inflation, as measured by the Consumer Price Index (CPI), rose 4.0% y/y in August, following a 3.3% rise in July. The gain was largely the result of rising gasoline prices, but core inflation measures have also ticked upward. Canada’s inflation rate...
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...
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