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 […]

Annual Inflation Hits 3.7% in Canada–A New Election Issue This morning’s Stats Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the1% to 3% target band of the Bank of Canada. […]

  The Slowdown In Canadian Housing Continued in July Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up […]

Thank you Dr. Cooper for the great analysis!   Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is intact and shows companies are finding workers as pandemic restrictions vanish. The smaller-than-expected increase, though, could cast some doubt […]

Thank you to one of our preferred lenders, First National, for the below insight : )     Aug 9, 2021 First National Financial LP   The Bank of Canada is not making its next rate announcement until September. That has market watchers looking to other indicators as they attempt to foresee what is coming […]

Bank of Canada ‘On the Vanguard’ of Unwinding Stimulus The Bank of Canada raised its inflation forecast in the newly released July Monetary Policy Report (MPR), making it one of the most hawkish central banks in the world. The Bank announced its third action to reduce its emergency bond-buying stimulus program by one-third. The central bank was […]

Thank you Dr Cooper!   Canada’s Jobs Recovery Resumed in June as Lockdown Began to Ease This morning, Statistics Canada released the June 2021 Labour Force Survey showing employment rose 230,700 (1.2%) in June, rebounding from a cumulative decline over the previous two months of 275,000. Total hours worked were little changed. The national unemployment rate fell 0.4 […]

Thank you to our partners at First National LP for the below Residential Market Commentary – Mortgage debt milestone Canada’s economy has hit a striking new milestone.  Real estate secured debt is virtually equal to the country’s GDP. Statistics Canada says that, as of the end of April, the combination of mortgage debt and home […]