Month: February 2018
February 27, 2018
Category: About Sherry Articles Media Reporting on Sherry
The Activist Budget—There Is No Problem This Government Cannot Fix
Patting himself on the back, the Finance Minister opened his speech by reminding us that “a little over two years ago…Canadians had the opportunity to stay the course. They could stick with a Government that favoured cuts and a set of failed policies that produced stubborn unemployment and the worst decade of economic growth since…
February 15, 2018
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Slide In January Led By Greater Golden Horseshoe
It is no surprise that housing activity slowed in January following a pulling-forward sales surge as homebuyers hurried to purchase before the mortgage rule changes in 2018. The January 1 implementation of the new OSFI B-20 regulations requires that uninsured mortgage borrowers be stress-tested at a mortgage rate 200 basis points above the contract rate…
February 9, 2018
Category: About Sherry Articles Media Reporting on Sherry
Jobs Decline In January Following Blockbuster Year
Canada shed 88,000 jobs in January, the most significant drop in nine years, driven by a record 137,000 plunge in part-time work. Full-time employment was up 49,000 while the unemployment rate increased a tick to 5.9%–only slightly above the lowest jobless rate since 1976. January’s sharp decline brings to an end a stunning 17-month streak…