Month: December 2020
December 15, 2020
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Hit a New Record For The Month of November
Canadian Housing Remained Strong in November Today’s release of November housing data by the Canadian Real Estate Association (CREA) shows national home sales continued to run at historically strong levels last month. Competition among buyers remains intense in the detached-home market and townhouses. Still, condo apartment sales-relative-to-new-listings have slowed as new listings surged, especially in the City…
December 9, 2020
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Holds Rates At Effective Lower Bound–QE Continues
Bank of Canada Confirms Commitment To Low Interest Rates Despite the good news on the vaccine front since the Governing Council’s last meeting in late October, the Bank of Canada reasserted its commitment to provide extraordinary monetary policy support for many months to come. The statement released today reiterated that the Bank will hold the…
December 4, 2020
Category: About Sherry Articles Media Reporting on Sherry
Jobs Growth Slows in November Struck By Second Wave
Canada’s Jobs Recovery Slowed Again in November With Second Wave The November Labour Force Survey, released this morning by Stats Canada, showed an employment increase of 62,000 compared to 83,600 in October–well below the 378,000 gain in September. This was the weakest job growth in the past six months since the economic recovery began (see…
December 1, 2020
Category: About Sherry Articles Media Reporting on Sherry
Q3 GDP Growth Hits Record High–Albeit Shy of Expectations
Rebounding Q3 Canadian Economy Stalls in Q4 The Canadian economy rebounded sharply in the third quarter, posting its most rapid expansion ever. Still, it was a lower than expected gain, and early data show that momentum is quickly fading in the face of a second wave of the pandemic. Gross domestic product rose by a massive…