Month: March 2024
March 19, 2024
Category: About Sherry Articles Media Reporting on Sherry
Great News On The Canadian Inflation Front
The Consumer Price Index (CPI) rose 2.8% year-over-year in February, down from the 2.9% January pace and much slower than the 3.1% expected rate. Gasoline prices rose in Canada for the first time in five months, which led many analysts to forecast a rise in February inflation as seen in the US. However, offsetting the…
March 18, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Stop Falling in February As Prices Hold Steady
February data bode well for a strong Spring housing market The Canadian Real Estate Association announced today that national home sales dipped 3.1% m/m in February while home prices were flat, ending a five-month price decline that began last fall. It was noteworthy that prices remained unchanged from January to February, given that they dropped…
March 8, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian Employment Gains Strong in February–Up 41,000
February Job Gains Double Forecast As Unemployment Rate Ticks Up Today’s StatsCanada Labour Force Survey for February was a mixed bag and shows the dramatic effect of surging immigration. Canadian employment rose by a much stronger-than-expected 41,000, dominated by a 71,000 rise in full-time jobs. The employment rate–the proportion of the population aged 15 and older…
March 6, 2024
Category: About Sherry Articles Media Reporting on Sherry
BoC Holds Rates Steady Waiting To See Further Declines In Core Inflation
The Bank of Canada Holds Rates Steady Until Core Inflation Falls Further Today, the Bank of Canada held the overnight rate at 5% for the fifth consecutive meeting and pledged to continue normalizing the Bank’s balance sheet. Policymakers remain concerned about risks to the outlook for inflation. The latest data show that CPI inflation fell…