Media
January 21, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Falls to 1.8% y/y in December
Positive News On The Inflation Front The Consumer Price Index (CPI) increased by 1.8% year-over-year in December, a slight decrease from the 1.9% rise in November. The main contributors to this slowdown were food purchased from restaurants and alcoholic beverages bought from stores. Excluding food, the CPI rose by 2.1% in December. On December 14,…
January 20, 2025
Category: About Sherry Articles Media Reporting on Sherry
Impact of Trump Tariffs On Canadian Housing Activity
The Impact of Tariffs on Canadian Housing Markets Today is President Trump’s inauguration day in the US, and contrary to earlier threats, officials have announced that he will not impose new tariffs on his first day in office. Instead, Trump will issue a comprehensive trade memo directing federal agencies to evaluate trade relationships with China,…
January 15, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canadian Existing Home Sales Edged Downward in December
The Canadian Housing Market Ends 2024 On a Weak Note Home sales activity recorded over Canadian MLS® Systems softened in December, falling 5.8% compared to November. However, they were still 13% above their level in May, just before the Bank of Canada began cutting interest rates. The fourth quarter of 2024 saw sales up 10%…
January 10, 2025
Category: About Sherry Articles Media Reporting on Sherry
Strongest Canadian Employment Report In Nearly Two Years
Stronger-Than-Expected Jobs Report in December Today’s Labour Force Survey for December was much stronger than expected, as many thought the Canada Post strike would have a larger impact. Employment rose by 90,900 net new jobs last month, and the employment rate—the proportion of the population aged 15 and older who are employed— increased by 0.2 percentage points…
December 17, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian Headline Inflation Was 1.9% y/y With Monthly Inflation Unchanged
Good News On The Inflation Front The Consumer Price Index (CPI) rose 1.9% year-over-year (y/y) in November, down from a 2.0% increase in October. Slower price growth was broad-based, with prices for travel tours and the mortgage interest cost index contributing the most to the deceleration. Excluding gasoline, the all-items CPI rose 2.0% in November, following a 2.2% gain in…
December 16, 2024
Category: About Sherry Articles Media Reporting on Sherry
Fall Economic Statement Delivered Despite Chrystia Freeland’s Resignation
Chrystia Freeland Resigns On The Day of The Fall Economic Statement Finance Minister Freeland rocked markets today by submitting her resignation from Cabinet. Trudeau had asked her to take another Cabinet post, but she declined in a scathing letter accusing Trudeau of “costly political gimmicks” like “bribe-us-with-our-own-money cheques for $250 and a two-month GST holiday. “Inevitably,…
December 16, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian home sales rose again in November as new listings declined and prices rose
The Canadian Housing Market Strengthens Further Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump. Sales were up 2.8% m/m in November compared to October and now stand a cumulative 18.4% above where they were in May, just before the first interest rate cut in early June….
December 11, 2024
Category: About Sherry Articles Media Reporting on Sherry
The Bank of Canada Cuts Its Policy Rate By Another 50 Basis Points
Bank of Canada Cuts Policy Rate By 50 BPs Again The BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.25%. The market had priced in nearly 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP growth and a sharp rise in the Canadian unemployment…
December 6, 2024
Category: About Sherry Articles Media Reporting on Sherry
November Jobless Rate Surges to 6.8% in Canada Despite Strong Jobs Growth
The Surge In Canadian Unemployment Keeps Another Jumbo Rate Cut In Play In December Before the release of today’s Canadian Labour Force Data, the odds favoured a 25 basis point drop in the overnight policy rate when the Bank of Canada meets again on December 11th. The data showed more substantial than expected job creation,…
November 19, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation increased to 2.0% y/y in October–up from 1.6% in September owing to a smaller decline in gasoline prices.
October Inflation Rose to 2.0% As Gasoline Price Declines Were More Muted The Consumer Price Index (CPI) rose 2.0% year-over-year in October, up from a 1.6% increase in September. Gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%). The all-items CPI, excluding gasoline, rose 2.2% in October, the same growth rate as…