February 8, 2019

Category: About Sherry Articles Media Reporting on Sherry

Canadian jobs surge in January as jobless rate rises to 5.8%.

Housing News January Data From Local Real Estate Boards In separate releases, the local real estate boards in Canada’s largest housing markets released data this week showing home sales fell sharply in Vancouver, edged upward in Toronto and continued robust in Montreal. Overall, higher interest rates, the mortgage stress test and in the case of…

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January 15, 2019

Category: About Sherry Articles Media Reporting on Sherry

December Canadian Home Sales Weaken Further

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales dipped for the fourth consecutive month, down 2.5% from November to December, capping the weakest annual sales since 2012. According to last week’s Bank of Canada Monetary Policy Report, housing activity in Canada has fallen by more than the Bank’s…

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January 9, 2019

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Remains on Hold, Revising Down Oil Market Outlook

The Bank of Canada left the overnight benchmark policy rate at 1-3/4%, as expected. In another dovish statement, the Bank of Canada acknowledged a slowdown in global economic activity and highlighted that oil prices are roughly 25% lower than what they had assumed in the October Monetary Policy Report (MPR). The lower prices primarily reflected…

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January 7, 2019

Category: About Sherry Articles Media Reporting on Sherry

What’s In Store For 2019?

At the start of every New Year, pundits posit the forecast as everyone wonders what the year will bring. While no one has a crystal ball, here are some fundamentals at play this year: 1). Canada’s economy will continue to under perform the U.S. as growth slows to 1-3/4% in 2019 compared to just over…

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January 4, 2019

Category: About Sherry Articles Media Reporting on Sherry

Canadian Jobs Market Remains Tight in December, but Wage Growth Disappoints

Statistics Canada released its December Labour Force Survey this morning showing modest job gains and an unemployment rate that remains at a record-low 5.6%. The economy generated 9,300 net new jobs in December, a small increase following a record 94,100 jump in the prior month. However, December’s rise beat economists’ expectations of 5,500 jobs and…

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December 17, 2018

Category: About Sherry Articles Media Reporting on Sherry

Canadian Home Sales Weakened Further in November

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales dipped for the third consecutive month, down 2.3% from October to November and down a whopping 12.6% year-over-year. Transactions declined in just over half of all local markets, with lower activity in the Greater Toronto Area (GTA), the Greater Vancouver…

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December 7, 2018

Category: About Sherry Articles Media Reporting on Sherry

Canadian Jobless Rate Fell To A 42-Year Low in November

With so much bad news coming out about the economy, Statistics Canada this morning posted a blockbuster jobs report, mitigating worries about the health of the economy. Employment increased by a whopping 94,100 in November, led mostly by full-time jobs that were broadly based across industries. This was the largest monthly jobs gain in records…

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December 5, 2018

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada’s Dovish Tone

As was universally expected, the Bank of Canada’s Governing Council held overnight interest rates steady at 1-3/4% as it heralded a weaker outlook for the Canadian economy. The dovish tone in today’s Bank of Canada statement is in direct contrast to its attitude when it last met on October 24. Since that time, the global…

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November 30, 2018

Category: About Sherry Articles Media Reporting on Sherry

Q3 Canadian GDP Growth Slowed On The Back of Weak Housing and Business Investment

This morning, Stats Canada released the third quarter GDP figures indicating an expected slowdown to 2.0% growth (all figures quoted in annual rates), compared to a 2.9% pace in Q2. Over the first three quarters of this year, quarterly growth has averaged 2.2% which is down from the 3.0% annual growth recorded in 2017. The…

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November 15, 2018

Category: About Sherry Articles Media

Canadian Home Sales Weakened In October

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales declined for the second consecutive month in October, edging back by 1.6% month-over-month (m/m) and down 3.7% from year-ago levels. Year-over-year sales in October are now about in line with their 10-year monthly average (see chart below). Existing home sales…

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