Month: August 2021
August 31, 2021
Category: About Sherry Articles Media Reporting on Sherry
Canada’s Economy Unexpectedly Contracted in Q2
Housing Dampened Economy in Q2 This morning’s Stats Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year. The Canadian dollar dipped on the news to $.7921 as questions of resiliency in the face of the delta…
August 18, 2021
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Hits Highest Reading in Two Decades
Annual Inflation Hits 3.7% in Canada–A New Election Issue This morning’s Stats Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the1% to 3% target band of the Bank of Canada….
August 16, 2021
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Slow for Fourth Consecutive Month
The Slowdown In Canadian Housing Continued in July Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up 22.2%…
August 6, 2021
Category: About Sherry Articles Media Reporting on Sherry
Canadian Job Growth Continued in July As Unemployment Rate Fell to 7.5%
Canada’s Jobs Recovery Continued in July Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is intact and shows companies are finding workers as pandemic restrictions vanish. The smaller-than-expected increase, though, could cast some doubt on the pace…