Month: January 2021

Dominion Lending Centres is celebrating an incredible milestone… 15 years in business as of January 6, 2021! In honor of this anniversary, they have put together a commemoration video with comments from employees and partners across the country – myself included. Click here to watch now!

In case you missed the latest In Conversation with Dr. Sherry Cooper and Dominion Lending Centres President, Eddy Cocciollo, you can click here to watch it now to get up-to-date on the economy, housing, job market and COVID-19 vaccine rollout.

The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across the yield curve, the Bank will continue its Quantitative Easing (QE) program–buying…

2020 Was a Blockbuster Year for Housing Despite the fears leading into the pandemic last Spring, 2020 marked a record number of home resales as new listings lagged and prices climbed. December housing data released by the Canadian Real Estate Association (CREA) today shows national home sales surged 7.2% month-over-month (m-o-m) at a time of…

Canadian Jobs Market Tanked in December Canadian employment fell 62,600 last month, a bit weaker than expected, following seven months of recovery (see chart below). The rapid rise in COVID cases and the ensuing lockdown measures in many key regions caused the net loss in jobs in the mid-December survey.  Especially hard hit were workers at…