Month: May 2024
May 31, 2024
Category: About Sherry Articles Media Reporting on Sherry
Weaker-than-expected Canadian Q1’24 GDP Growth Increases Odds of a Rate Cut Next Week.
Odds of a Rate Cut Next Week Rise with Disappointed Canadian GDP Growth The likelihood of a rate cut next week has increased due to disappointing Canadian GDP growth. Real gross domestic product (GDP) only rose by 1.7% (seasonally adjusted annual rate) in the first quarter of this year, which is well below the expected…
May 21, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian CPI Inflation Eased In April, Raising the Chances of a June Rate Cut
Canadian Inflation Eased Again in April, Raising the Chances of a June Rate Cut The Consumer Price Index (CPI) rose 2.7% year-over-year (y/y) in April, down from 2.9% in March. This marks the fourth consecutive decline in core inflation. Food prices, services, and durable goods led to the broad-based deceleration in the headline CPI. The…
May 15, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Buyers Remain On the Sidelines In April As New Listings Surge
Homebuyers Cautious As New Listings Surge In April The Canadian Real Estate Association (CREA) announced today that national home sales dipped in April 2024 from its prior month, as the number of properties available for sale rose sharply to kick off the spring housing market. Home sales activity recorded over Canadian MLS® Systems fell 1.7%…
May 10, 2024
Category: About Sherry Articles Media Reporting on Sherry
April’s Strong Job Gains Likely Postpone Rate Cuts Until July
Today’s StatsCanada Labour Force Survey for April blindsided economists by coming in much more robust than expected. Employment in Canada rose a whopping 90,400 in April, the most in 15 months, following a decline in March, surpassing forecasts by a large margin. Substantial job gains were posted in both full-time and part-time work. After four months of…