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 September ahead of […]

Thank you to our partners at First National for the below update 🙂     Oct 25, 2021 First National Financial LP   With growing expectations that the Bank of Canada is going to move ahead with interest rate increases in the second half of next year, concerns are building about affordability, debt and the […]

We can all relate to the recent rise in inflation …. it seems like s jug of milk and a loaf of bread coast $30 these days.  Below explains …..     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 […]

Thank you for the great summary Dr Cooper!       Canadian Home Prices Continued to Rise As Insufficient Supply Creates Excess Demand Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.9% between August and September 2021, posting the first monthly gain since March (see chart below). On a year-over-year (y-o-y) […]

We have seen an increase to fixed rates this week, per below, these may continue!   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 […]

Hot Off the Press! The Bank of Canada has released their 2022 announcement schedule, which you will find below!   Interest Rate Announcements / Monetary Policy Reports The scheduled dates for the interest rate announcements for 2022 are as follows: Wednesday, January 26* Monetary Report Published Wednesday, March 2 Wednesday, April 13* Monetary Report Published Wednesday, […]

Thank you Dr Cooper, this is certainly enlightening!   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. […]

Prime rate predicted to increase back half of 2022.  Thank you for the the below Dr Cooper.   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 […]

“……. and forward guidance will continue to suggest no rate hikes until the second half of next year. ”  Thank you for the analysis Dr Cooper   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 […]

Great insight from First National, one of our preferred lending partners.  Residential Market Commentary – A nuanced but notable signal from the U.S. Fed   Anyone trying to forecast the course of interest rates in Canada is advised to keep one eye on what is happening in the United States. On Friday the Chair of […]