October 19, 2016

Category: Articles

Bank Of Canada, October 19, 2016 – Bank on Hold As Housing Expected to Slow

It is no surprise to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that the underlying trend in total CPI inflation will edge upward to 2 percent starting early next year. Temporary offsetting factors, such as the fall in commodity prices and the decline in the loonie…

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October 14, 2016

Category: Articles

Housing Slows in BC, But Red Hot in GTA

This morning, The Canadian Real Estate Association (CREA) released its national real estate statistics for September, which showed a modest uptick in home sales nationally, as new listings ticked up and home prices increased once again. For Canada as a whole, the number of homes trading on the MLS Systems increased 0.8% month-over-month in September…

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October 7, 2016

Category: Articles

September Jobs Reports, Canada and US

A perfect example of the unpredictable volatility in the Canadian jobs report, the September gain of 67,000 jobs was dramatically larger than economists’ expectations of roughly 7,500 new jobs. Most of the rise was in part-time work, however, and it was boosted by 50,000 additional self-employed workers, which tempers the excitement over the outsized strength…

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October 4, 2016

Category: Articles

Morneau Takes Out the Big Guns to Slow Housing

Yesterday, Ottawa unveiled major initiatives to slow housing activity both by potentially discouraging foreign home purchases and, more importantly, by making it more difficult for Canadians to get mortgages. As well, the Finance Minister is limiting the degree to which mortgage lenders can buy portfolio insurance on mortgages with downpayments of 20% or more. Ottawa…

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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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