Month: November 2019

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the eighth consecutive month. Activity held steady in October at the relatively robust September pace following a string of monthly increases that began in March. Existing home sales are now almost 20% above the six-year low reached in…

From Business News Network (BNN): BNN Bloomberg speaks with Sherry Cooper, chief economist at Dominion Lending Centres, about the latest jobs report, which broke a two-month streak of strong jobs growth.

One month does not a trend make. Statistics Canada announced this morning that the country lost 1,800 jobs in October following two months of blockbuster employment gains. October marks the first month of job losses since July, but as the chart below shows, the employment data are notoriously volatile. The Canadian dollar sold off on…