September 30, 2016

Category: Articles

July Rebound in Canadian Economy

Real Gross Domestic Product (GDP) in July was expected to continue its rebound from May’s steep, wildfire-driven decline, but the 0.5% monthly gain was better than many analysts had expected. The key driver was higher output in the mining, quarrying and oil and gas extraction sector. The rise in July followed a 0.6% increase in…

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September 21, 2016

Category: Articles

Fed on Hold, But Signals Rate Hike in December

In a divided decision, the Federal Open Market Committee (FOMC) decided to maintain the federal funds rate in its current range of 1/4 to 1/2 percent for the sixth consecutive time. There were three dissenters at this meeting. Esther George (Kansas City Fed President) was joined by Loretta Mester (Cleveland Fed President) and Eric Rosengren…

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September 21, 2016

Category: Media Reporting on Sherry Video

Fed preview: It’s all about the language

From Business News Network (BNN): Sherry Cooper, Chief Economist, Dominion Lending Centres offers her expectations of Wednesday’s Federal Reserve announcement, why the market will be digging deep into the accompanying statement and what it may mean for the direction of the markets.

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September 19, 2016

Category: Presentations

Western Energy Institute – Economic Outlook

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September 15, 2016

Category: Articles

Canadian Home Sales Decline as Listings Plunge Further

This morning, The Canadian Real Estate Board (CREA) released their national real estate statistics for August, which showed a further slide in home sales as new listings resumed their decline and home prices increased once again. For Canada as a whole, the number of homes trading on the MLS Systems fell 3.1% month-over-month in August–the…

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September 9, 2016

Category: Articles

Canadian Jobs Bounce Back in August

The August jobs report was stronger than expected as payrolls bounced back from a significant July decline. Canada’s economy added 26,000 jobs last month (a 0.1% gain), thanks to large gains in the public sector and increased payrolls in Quebec. The rebound followed a disappointing July report where the economy shed 31,200 positions, with big…

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September 7, 2016

Category: Articles

Rates on Hold Again, Bank of Canada

Bank of Canada Hold Overnight Rate at 0.5% The Bank of Canada’s decision to hold rates steady once again was very much as expected, even though first half growth was well below the forecast in the July Monetary Policy Report. US growth in the first half of this year was also disappointing, reflecting weakness in…

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September 2, 2016

Category: Articles

Good News for US and Canadian Economies

U.S. Hiring Cooled in August U.S. payrolls rose by 151,000 last month, below the expectation of 180,000, while the jobless rate held steady at 4.9%. This in combination with weakness in yesterday’s Purchasing Manager’s Index (PMI) report for August showing a slowdown in manufacturing activity reduces the likelihood of a Fed rate hike at its…

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