December 15, 2021

Category: About Sherry Articles Media Reporting on Sherry

Canadian Homebuyers Trying To Beat Rate Hikes

Housing Demand Outpaces Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.6% in November following the whopping 8.6% surge the month before. Sales could have been higher had it not been for the limited supply of homes for sale. Homebuyers are anxious to finalize purchases before the Bank of Canada…

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December 14, 2021

Category: About Sherry Articles Media Reporting on Sherry

Canadian Economic and Fiscal Update

Federal Fiscal Update: Canada Has Weathered The Pandemic Storm Relatively Well Finance Minister Chrystia Freeland extolled the performance of the Canadian economy in response to the extraordinary support provided by the federal fiscal authorities and the Bank of Canada in the past 21 months. The economic recovery has been the second strongest in the g-7,…

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December 8, 2021

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Holds Rate Target Steady Until April to September 2022

Bank of Canada Leaves Expectations For 2022 Rate Hikes Intact The Bank of Canada decided to keep its target for the overnight rate at 0.25%, in line with forecasts and to maintain its forward guidance, which sees a rise in the overnight rate sometime in the middle quarters of 2022. Until then, policymakers vowed to…

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December 3, 2021

Category: About Sherry Articles Media Reporting on Sherry

Great News On The Labour Front In Canada

Another Blockbuster Jobs Report in November Statistics Canada released the November Labour Force Survey this morning, reporting employment gains of 153,700 last month–four times bigger than expectations. The unemployment rate fell to 6% from the 6.7% rate posted in October and is only 0.3 percentage points above the 5.7% rate posted in February 2020 before the…

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November 30, 2021

Category: About Sherry Articles Media Reporting on Sherry

Strong Q3 Growth in Canada

Canadian Economy Bounced Back Sharply In Q3 In line with the Bank of Canada’s forecast, the economy rebounded sharply in the third quarter following the weak performance in Q2. Stats Canada announced this morning that GDP grew by a whopping 5.4% in Q3 following the downwardly revised 3.2% earlier in Q2. As pandemic restrictions phased out…

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November 17, 2021

Category: About Sherry Articles Media Reporting on Sherry

Canadian Inflation Hits 18-Year High

Inflation Surge Is No Need For Hysteria StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4.4% in September. This is in line with market expectations and is well below the US’s 6.2% pace reported for the same period. Inflation is rising all over the world, the…

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November 15, 2021

Category: About Sherry Articles Media Reporting on Sherry

Canadian Home Sales Surge In October

Home Sales Surge in October Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose a whopping 8.6% in October, its most robust month-over-month pace since July 2020, when the first lockdown eased briefly. This was on the heels of a modest uptick in September–the first gain since March of this year.Sales were…

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November 5, 2021

Category: About Sherry Articles Media Reporting on Sherry

Canadian Employment Gains Slowed in October As Jobless Rate Fell

A More Normal Jobs Report In October Statistics Canada released the October Labour Force Survey this morning, reporting a slowdown in employment growth from the blockbuster pace of recent months. While some commentators were disappointed in the results, I have a more positive take. Canada returned its pre-pandemic level of employment in September ahead of…

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October 27, 2021

Category: About Sherry Articles Media Reporting on Sherry

Hawkish Bank of Canada Decision

Bank of Canada Responds To Mounting Inflation: Ends QE and Hastens Timing of Rate Hike The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) in which its key messages were: The Canadian economy has accelerated robustly…

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October 20, 2021

Category: About Sherry Articles Media Reporting on Sherry

Canadian Inflation Rises Once Again

Prices are Rising Everywhere–Transitory Can Last A Long Time Today’s release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since February 2003. Excluding gasoline, the CPI rose 3.5% y/y last month. The monthly CPI rose 0.2% in September, at the…

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