Month: October 2021
October 27, 2021
Category: About Sherry Articles Media Reporting on Sherry
Hawkish Bank of Canada Decision
Bank of Canada Responds To Mounting Inflation: Ends QE and Hastens Timing of Rate Hike The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) in which its key messages were: The Canadian economy has accelerated robustly…
October 20, 2021
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Rises Once Again
Prices are Rising Everywhere–Transitory Can Last A Long Time Today’s release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since February 2003. Excluding gasoline, the CPI rose 3.5% y/y last month. The monthly CPI rose 0.2% in September, at the…
October 15, 2021
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Rise in September For The First Time Since March
Canadian Home Prices Continued to Rise As Insufficient Supply Creates Excess Demand Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.9% between August and September 2021, posting the first monthly gain since March (see chart below). On a year-over-year (y-o-y) basis, the number of transactions last month was down 17.5%. Nevertheless,…
October 8, 2021
Category: About Sherry Articles Media Reporting on Sherry
Great News On The Canadian Job Front
Blockbuster September Jobs Report–Further Fuel For Rising Interest Rates Statistics Canada released the September Labour Force Survey this morning, providing some unmitigated good news on the jobs front. Employment rose by 157,000 (+0.8%) in September, the fourth consecutive monthly increase. The unemployment rate fell by 0.2 percentage points to 6.9%. Employment gains in September were concentrated in full-time work and among people…
Post-Pandemic Recovery presentation for Western Energy Institute.