May 24, 2017

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Maintains Current Policy Stance

The Bank of Canada has once again held the overnight rate steady at 0.50 per cent pointing to continued low inflation and subdued wage growth, which the Bank judges to be consistent with continuing excess capacity in the economy. In a very terse press release, the Bank suggests that the U.S. and global economies will…

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May 15, 2017

Category: Articles

New Listings in Toronto Surge 36% As Sales Decline

Since last month’s release of CREA housing data, the Ontario government has introduced a similar 15% tax on foreign purchases in the Greater Golden Horseshoe (GGH), which is Canada’s largest urbanized area centred on the City of Toronto, where house prices have risen very sharply over the past decade and spiked in 2016 (see map…

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May 5, 2017

Category: Articles

Canadian Unemployment Rate in April at 6.5%–Lowest Rate Since October 2008 –But Annual Wage Gains fell to Another Record Low

Canada’s economy generated virtually no net new job growth in April, on the heels of a ┬ámulti-month employment rally that was the strongest in years. Employment has now increased in 15 of the last 17 months with growth over the last year averaging a solid 23,000 per month. The details of the monthly report for…

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