1 Jun

Economic Insights from Dr. Sherry Cooper

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Posted by: Matthew J. Charlton

MAY 17 2023 It has been just over a year since the Bank of Canada started hiking interest rates. While the economy has remained surprisingly resilient, the housing market has weakened sharply. The Bank has remained on the sidelines for the past two Governing Council announcement dates, and home sales have edged upward in very […]

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16 May

Canadian CPI Inflation Ticked Up For The First Time In Nearly A Year – May 16 2023

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Posted by: Matthew J. Charlton

MAY 16 2023 Canadian Inflation Rose More Than Expected in April, But Core Inflation Slowed There’s been an unexpected hiccup in the Bank of Canada’s ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the previous month’s 4.3% and significantly exceeding the average economist’s prediction of 4.1%. This marks […]

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16 May

Canadian Housing Activity Strengthens Sharply in April – May 16 2023

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Posted by: Matthew J. Charlton

MAY 16 2023 Vital Spring Housing Market Bodes Well For The Economy The Canadian Real Estate Association says home sales in April surged 11.3% month-over-month. The Spring rebound was on the heels of smaller back-to-back gains in the prior two months. Now that the Bank of Canada paused interest rate hikes and home prices in […]

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5 May

Canadian Jobs Report Much Stronger Than Expected, Keeping Interest High For Longer – May 5 2023

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Posted by: Matthew J. Charlton

MAY 5 2023 High Interest Rates Have Not Slowed the Labour Market Sufficiently The Canadian labour market has done it again, blowing past expectations for the fifth straight month. In April, a whopping 41,400 new jobs were added, more than double what economists predicted. Since February, monthly employment growth has averaged 33,000, following cumulative increases […]

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24 Apr

OSFI Set To Tighten Banking Regulation – April 24 2023

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Posted by: Matthew J. Charlton

APRIL 24 2023 Weakening Housing Markets Pose A Risk For The Canadian Economy On April 18, Canada’s national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator […]

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