Month: November 2022
November 16, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canada’s Inflation at 6.9% in October Supports a December Rate Hike
Bank of Canada Will Not Be Happy With This Inflation Report Not only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation–a highly visible component–edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than the…
November 15, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Edged Upward in October, As Prices Continued to Decline
Housing Correction Continued In October Statistics released today by the Canadian Real Estate Association (CREA) show home sales were up 1.3% on a month-over-month basis in October. Still, monthly activity remained a whopping 36% below the October pace in 2021. The housing correction continues in response to the Bank of Canada’s massive rate hikes, but…
November 4, 2022
Category: About Sherry Articles Media Reporting on Sherry
Shockingly Strong Employment Report In Canada Starts Q4 Off With A Bang
Very Strong Employment Report For October Today’s Labour Force Survey for October was surprisingly strong, boosting wage inflation to an eye-popping 5.6% year-over-year pace. While good news for the economy, this is terrible news for the inflation fight–just when the Bank of Canada eased its foot on the brakes. The two-year and five-year Government of…