Thank you to our partners at First National for the great summary and insight!     Jan 29, 2025   The Bank of Canada opened its monetary policy playbook for 2025 with a 25 basis point reduction in its overnight rate and a plan to normalize its balance sheet and end quantitative tightening.  This latest […]

  The first significant economic report of the new year landed on Friday and it is raising speculation about the Bank of Canada’s next rate move. Statistics Canada’s December employment numbers show nearly 91,000 new jobs were added for the month, nearly four times more than had been expected.  Most of the jobs (56,000) are […]

Thank you Dr Cooper for your insight!   The BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.25%. The market had priced in nearly 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP growth and a sharp rise in the Canadian unemployment rate to […]

Thank you to our partners at First National for the insight.   Aug 13, 2024 A consistent concern as the Bank of Canada embarks on its interest rate cutting cycle has been what will happen to home prices.  There have been persistent fears that prices will spike as rates fall, effectively stalling efforts to bring […]

Some great info from our partners at RECA!   Calgary, Alberta — The Real Estate Council of Alberta (RECA) is advising consumers to evaluate the risks of condition-free offers to purchase property.   Currently, Alberta’s real estate market is extremely competitive, with limited supply of homes for sale, meaning sellers often receive multiple offers. Home […]

  June 17, 2024 It appears the advertising slogan is true.  Canadians may well be richer than they think. A recent survey by Statistics Canada shows that household net worth in this country rose to a record high of nearly $17 trillion in the first quarter of this year. That is a 3.3%, or $548 […]

Dr Cooper  gives a C- …… very generous as I would give a solid F   “I’d give this budget a C-. That’s generous. It squanders what could have been a reduction in the budget deficit for a host of inconsequential spending measures. Worse still, it increases capital gains taxes, which might play well for […]

March 25, 2024 – Thank you to our Preferred Partners at First National for the below insight!   Canada’s realtors are hinting that home prices may have found their bottom. The February numbers from the Canadian Real Estate Association show price, as measured by the Aggregate Composite MLS Home Price Index (seasonally adjusted), was flat […]

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects The Consumer Price Index (CPI) rose 2.9% year-over-year in January, down sharply from December’s 3.4% reading. The most significant contributor to the deceleration was a 4% decline in y/y gasoline prices, compared to a 1.4% rise the month before (see chart below). Excluding gasoline, […]

The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling […]