Month: September 2019
September 16, 2019
Category: About Sherry Articles Media Reporting on Sherry
August Data Confirm That Housing Has Turned the Corner
Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the sixth consecutive month. Transactions are now running almost 17% above the six-year low reached in February 2019, but remain about 10% below highs reached in 2016 and 2017. Toronto, Montreal and Vancouver all saw sales and prices…
September 6, 2019
Category: About Sherry Articles Media Reporting on Sherry
Canadian Jobs Surge Following a Three-Month Slowdown
The Bank of Canada’s reticence to signal coming rate cuts has been vindicated by the rebounding jobs report released today for August. Following a strong posting for real GDP growth in the second quarter, Canadian job growth surprised on the upside with a gain of 81,100 in August. The August job gains were one of…
September 4, 2019
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Holds Overnight Rate Steady Amid Uncertainty
The Bank of Canada held the target overnight rate at steady at 1.75% for the seventh consecutive decision date but will monitor closely the impact of the US-China trade war on economic activity around the world and in Canada. The second-quarter growth–posted at 3.7%–exceeded the Bank’s forecast in the July Monetary Policy Report (MPR), but…