Month: October 2017
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…
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…
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…
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…