Month: March 2022
March 16, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian CPI Inflation Rises to 5.7%
Inflation Pressures Accelerating StatsCanada today reported that consumer prices rose 5.7% year-over-year in February, up again from the prior month’s 5.1% rise. This was the largest gain since August 1991 (+6.0%). This was no surprise, as the Ukraine War has stepped up inflation pressure worldwide. The US CPI rose a whopping 7.9% last month (see…
March 15, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Rose in February as New Listings Increased Sharply
New Listings Finally Show Some Life Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales were up in February 2022 as buyers jumped on the first spring listings. The number of newly listed properties surged a welcome 23.7% from extremely depressed levels, hopefully portending a much-needed increase in supply…
March 11, 2022
Category: About Sherry Articles Media Reporting on Sherry
Blockbuster Canadian Jobs Report for February
Canada Reached Full-Employment in February Statistics Canada released the February Labour Force Survey this morning, reporting a much more significant than expected 336,600 net new jobs, with the unemployment rate falling a full percentage point to 5.5%. This is the first time the unemployment rate fell below its pre-Covid level and reinforces the expectation for…
March 2, 2022
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Hikes Policy Rate by 25 bps, and Sustains Current Bond Holdings
Bank of Canada Starts Hiking Rates, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate target by a quarter percentage point in a widely expected move and signalled that more hikes would be coming. This is the first rate hike since 2018. In a cautious stance, the…