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%…

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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…

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April 16, 2024

Category: About Sherry Articles Media Reporting on Sherry

Canadian Federal Budget 2024: Higher Deficits, Higher Government Spending, And Higher Taxes for the Wealthy

Federal Budget Targets Rich Canadians For New Spending The budget focuses on helping Millennial and Gen Z voters experiencing rising housing costs and other inflationary pressures. The government has set fiscal anchors, such as keeping the deficit below 1% of GDP starting in 2027. The Canadian federal government released its 2023 budget over a year…

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April 16, 2024

Category: About Sherry Articles Media Reporting on Sherry

Great News On The Canadian Inflation Front

Great News On The Canadian Inflation Front The Consumer Price Index (CPI) rose 2.9% year-over-year in March, as expected, up a tick from the February pace owing to a rise in gasoline prices, as prices at the pump rose faster in March compared with February. Excluding gasoline, the all-items CPI slowed to a 2.8% year-over-year…

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April 12, 2024

Category: About Sherry Articles Media Reporting on Sherry

Ho Hum Housing Data In March Provides Hints Of Coming Strength In Spring

Recent Signs Show Housing Activity Will Strengthen Meaningfully In April The Canadian Real Estate Association (CREA) announced today that national home sales for March were roughly flat, while new listings fell and prices stagnated. CREA analysts are confident that recent activity will harken stronger housing markets for the rest of this year.  There is significant pent-up…

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April 10, 2024

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Holds Rates Steady For Sixth Consecutive Meeting

The Bank of Canada Cautious, But A Rate Cut In June Is Possible Today, the Bank of Canada held the overnight rate at 5% for the sixth consecutive meeting and pledged to continue normalizing its balance sheet. Governor Macklem confirmed that inflation is moving in the right direction, labour markets are easing, and wage pressures…

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April 5, 2024

Category: About Sherry Articles Media Reporting on Sherry

Canadian Job Market Whimpers in March While US Roars

March’s Weak Jobs Report Sets The Stage For A June Rate Cut Today’s StatsCanada Labour Force Survey for March is much weaker than expected. Employment fell by 2,200, and the employment rate declined for the sixth consecutive month to 61.4%.  Total hours worked in March were virtually unchanged but up 0.7% compared with 12 months earlier. The details…

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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…

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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…

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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…

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