Month: April 2022
April 20, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Spikes to 6.7% in March
Holy Smokes! Canadian Inflation Is At 6.7% StatsCanada today reported that consumer prices rose a whopping 6.7% year-over-year in March, a full percentage point above the 5.7% reading the month before. Market-driven interest rates shot up on the news as the prospects increase for another half-point rise in the overnight rate when the Bank of…
April 19, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Begin to Slow in March
Canadian March Home Sales Posted Their Biggest Decline Since June Statistics released today by the Canadian Real Estate Association (CREA) show that rising interest rates were already dampening housing activity well before the Bank of Canada’s jumbo spike in the key policy rate in mid-April. National home sales fell back by 5.4% on a month-over-month…
April 13, 2022
Category: About Sherry Articles Media Reporting on Sherry
Out-Sized Jump In Bank of Canada Policy Rate
Bank of Canada Hikes Rates by 50 BPs, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time in 22 years. This was a widely telegraphed action that will be followed by the US Federal Reserve next month….
April 8, 2022
Category: About Sherry Articles Media Reporting on Sherry
Another Strong Canadian Jobs Report–We Are At Full Employment
Labour Market Tightens Further Statistics Canada released the March Labour Force Survey this morning, reporting a 72,500 jobs gain from the whopping 337,000 surge in February. Employment increased in both the goods- and services-producing sectors. Gains were concentrated in Ontario and Quebec. The unemployment rate fell to 5.3%, its lowest monthly rate since the data…
April 7, 2022
Category: About Sherry Articles Media Reporting on Sherry
Housing A Major Theme Today’s Federal Budget
Affordable Housing Is A Key Theme In Federal Budget 2022 Today’s budget announced a $10 billion package of proposals intended to reduce the cost of housing in Canada (see box below). The fundamental problem is insufficient supply to meet the demands of a rapidly growing population base. Thanks to the federal government’s policy to rapidly increase immigration…