November 15, 2017

Category: About Sherry Articles Media Reporting on Sherry

Housing Is No Longer A Canadian Growth Leader

Various levels of Canadian government and regulatory authorities have repeatedly introduced measures to slow housing since 2008 in response to concerns about the record level of household debt. To be sure, there is a swath of Canadian households that are over-extended, and they get the lions share of the attention. Just this week, Evan Siddall,…

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November 3, 2017

Category: About Sherry Articles Media

Wage Growth Accelerates as Canada Posts Another Stellar Jobs Report in October

The expected slowdown in the Canadian labour market did not materialize in October as full-time jobs surged and wage gains accelerated. Total employment increased by 35,300 last month and the unemployment rate rose a tick to 6.3% as the labour force participation rate edged up a bit to 65.7%–well above the level in the U.S….

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November 1, 2017

Category: About Sherry Articles Media Reporting on Sherry

Decision Day At The Fed

The policymakers at the U.S. central bank decided to leave the target range for the federal funds rate (equivalent to the Bank of Canada overnight rate) unchanged at 1 to 1-1/4 percent acknowledging that the stance of monetary policy remains accommodative. This stance will allow the labour markets in the U.S., which are already very…

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October 25, 2017

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada On Sidelines, As Expected

BOC Will Raise Rates Only Cautiously The Bank of Canada held overnight interest rates at 1.0% following two consecutive rate hikes at the July and September meetings. It was widely expected that the Bank would take a breather this round. The central bank also released its quarterly Monetary Policy Report (MPR) today, in which it…

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October 24, 2017

Category: About Sherry Articles Media Reporting on Sherry

Trudeau Government Increases Spending As The Economy Nears Full Employment

The Canadian economy has grown at a stronger-than-expected annual rate of 3.7% in the past year, taking the jobless rate down to its lowest level in nearly a decade. With Canada’s economy the strongest in the Group of Seven countries, Ottawa now projects much smaller deficits than it did in March. The Liberal government cut…

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October 18, 2017

Category: About Sherry Articles Media Reporting on Sherry

Canadian Housing Activity Stabilizes Well Below Peak Levels

According to the Canadian Real Estate Association (CREA), national home sales in September rose modestly from the previous month but remained below levels recorded one year ago. Resale activity was 12% below the record set in March, before the April announcement of a 15% foreign buyers’ tax and a sixteen-point program to enhance housing affordability…

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October 6, 2017

Category: Presentations

DLC Conference, Palm Springs Sept. 26, 2017

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October 6, 2017

Category: About Sherry Articles Media Reporting on Sherry

Wages Growth Accelerates as Canada Adds Jobs For the 10th Straight Month

While the headline net jobs gain was a disappointing 10,000–well below the average monthly increase in the past year–the underlying data in this morning’s StatsCanada release were quite robust. The jobless rate remained unchanged at 6.2 per cent as the acceleration in wage gains suggests that the economy is close to full employment. Average hourly…

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September 29, 2017

Category: About Sherry Articles Media Reporting on Sherry

Booming Growth In Canada Takes A Breather

Canada’s second-quarter gross domestic product (GDP) growth of 4.5 per cent triggered two back-to-back rate hikes by the Bank of Canada. But today, Statistics Canada released data showing a slowdown in the monthly industry data for July. Canadian GDP held steady in July ending an eight-month streak of cosmic expansion. This slowing is consistent with…

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September 20, 2017

Category: Presentations

DeGroote Presentation Sept. 18-19, 2017

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