Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects

General Bob Rees 20 Feb

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, […]

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Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table

General Bob Rees 3 Nov

Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table Today’s StatsCanada Labour Force Survey for October was weak across the board. Total job gains were meagre, full-time jobs fell, hours worked were flat, wage inflation eased (a bit), and the unemployment rate rose. Employment changed little in October, up only 17,500 (0.1%), […]

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Good News On the Inflation Front Suggests Policy Rates Have Peaked

General Bob Rees 17 Oct

Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but so did the core measures of inflation on a year-over-year basis and a three-month moving average basis. This, in […]

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Residential Mortgage Commentary – Positive housing market sentiment

General Bob Rees 3 Oct

Thank you to our partners at First National for the below stats and positive info.  Enjoy!     Residential Mortgage Commentary – Positive housing market sentiment Oct 2, 2023 First National Financial LP An interesting new survey suggests a growing number of Canadians may be getting ready to move back into the housing market. The […]

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Bank of Canada leaves its benchmark interest rate at 5.0%

General Bob Rees 6 Sep

Bank of Canada leaves its benchmark interest rate at 5.0% Under the heading no news is good news, the Bank of Canada decided today to keep its benchmark (overnight) interest rate steady at 5.00%, putting at least a temporary hold on a policy that resulted in 10 increases stretching back to March 2022. At the […]

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Interest Rates Will Stay Higher For Longer

General Bob Rees 13 Jul

The Bank of Canada hiked the overnight rate for the tenth time today to a 22-year high of 5%. They also postponed their forecast of when inflation will hit the 2% target by six months to mid-2025. This means interest rates will stay higher for longer. Interest Rates Will Stay Higher For Longer The Bank […]

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