5 Nov

Canadian Employment Gains Slowed in October As Jobless Rate Fell – November 5 2021

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Posted by: Matthew J. Charlton

November 5 2021 A More Normal Jobs Report In October Statistics Canada released the October Labour Force Survey this morning, reporting a slowdown in employment growth from the blockbuster pace of recent months. While some commentators were disappointed in the results, I have a more positive take. Canada returned its pre-pandemic level of employment in […]

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1 Nov

Mortgage prep, Mortgage mistakes, Staging tips and More! – November 2021

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Posted by: Matthew J. Charlton

NOVEMBER 2021 Hello! In this issue: 7 Steps for Mortgage Prep 10 Mortgage Mistakes 5 Tips for Staging Your Home Yourself Economic Insights with Dr. Sherry Cooper 7 Steps for Mortgage Prep Step 1 – Your Credit Score Whether you qualify for a mortgage through a bank, credit union or other financial institution, you should […]

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27 Oct

Hawkish Bank of Canada Decision – October 27 2021

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Posted by: Matthew J. Charlton

October 27 2021 Bank of Canada Responds To Mounting Inflation: Ends QE and Hastens Timing of Rate Hike The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) in which its key messages were: The Canadian economy […]

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20 Oct

Canadian Inflation Rises Once Again – October 20 2021

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Posted by: Matthew J. Charlton

OCTOBER 20 2021 Prices are Rising Everywhere – Transitory Can Last A Long Time Today’s release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since February 2003. Excluding gasoline, the CPI rose 3.5% y/y last month. The monthly CPI rose 0.2% in […]

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8 Oct

Great News On The Canadian Job Front – October 8 2021

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Posted by: Matthew J. Charlton

OCTOBER 8 2021 Blockbuster September Jobs Report–Further Fuel For Rising Interest Rates Statistics Canada released the September Labour Force Survey this morning, providing some unmitigated good news on the jobs front. Employment rose by 157,000 (+0.8%) in September, the fourth consecutive monthly increase. The unemployment rate fell by 0.2 percentage points to 6.9%. Employment gains in September were concentrated in full-time work […]

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15 Sep

Insufficient Housing Supply Boosted Home Prices Again In August – September 15 2021

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Posted by: Matthew J. Charlton

SEPTEMBER 15 2021 Home Prices Still Rising As Falling Sales Reflect Insufficient Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell a slight 0.5% nationally from July to August 2021–the fifth consecutive monthly decline. Over the same period, the number of newly listed properties edged up 0.8%, and the MLS Home […]

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10 Sep

Good News on the Canadian Jobs Front – September 10 2021

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Posted by: Matthew J. Charlton

September 10 2021 August Employment Report Showed Continuing Recovery This morning, Statistics Canada provided us with some much-needed good news on the economic front following last week’s surprisingly dismal Q2 GDP report. Canada’s labour market continued its recovery in August, especially in the hardest-hit food services and accommodation sectors. The August Labour Force Survey (LFS) […]

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8 Sep

Bank of Canada Stands Pat – September 8 2021

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Posted by: Matthew J. Charlton

September 8 2021 Bank of Canada Responds To Weak Q2 Economy–Holding Policy Steady As we await the quarterly economic forecast in next month’s Monetary Policy Report, the Bank of Canada acknowledged that the Q2 GDP report, released last week, caught them off-guard. In today’s policy statement, the Governing Council of the Bank said, “In Canada, […]

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31 Aug

Canada’s Economy Unexpectedly Contracted in Q2 – August 31 2021

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Posted by: Matthew J. Charlton

AUGUST 31 2021 Housing Dampened Economy in Q2 This morning’s Stats Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year. The Canadian dollar dipped on the news to $.7921 as questions of resiliency in the face […]

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