Reporting on Sherry
August 29, 2025
Category: About Sherry Articles Media Reporting on Sherry
Bigger Than Expected Drop in Canadian GDP in Q2.
Tariff Turmoil Takes Its Toll Statistics Canada released Q2 GDP data, showing a weaker-than-expected -1.6% seasonally adjusted annual rate, in line with the Bank of Canada’s forecast, but a larger dip than the consensus forecast. The contraction primarily reflected a sharp decline in exports, down 26.8%, which reduced headline GDP growth by 8.1 percentage points. Business fixed…
August 19, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canadian CPI Inflation Decelerated to 1.7% in July, from 1.9% in June mainly on lower oil prices.
Today’s CPI Report Shows Headline Inflation Cooling, But Core Inflation Remains Troubling Canadian consumer prices decelerated to 1.7% y/y in July, a bit better than expected and down two ticks from June’s reading. Gasoline prices led the slowdown in the all-items CPI, falling 16.1% year over year in July, following a 13.4% decline in June. Excluding gasoline, the CPI rose 2.5%…
August 15, 2025
Category: About Sherry Articles Media Reporting on Sherry
Good News On The Housing Front As Sales Rose 3.8% m/m in July
Canadian Homebuyers Return in July, Posting the Fourth Consecutive Sales Gain Today’s release of the July housing data by the Canadian Real Estate Association (CREA) showed good news on the housing front. Following a disappointing spring selling season, National home sales were up 3.8% in July from the month before, with Toronto seeing transactions rebound 35.5%…
August 8, 2025
Category: About Sherry Articles Media Reporting on Sherry
The July Labour Force Report showed a weaker-than-expected decline in net employment retracing some of June’s gain.
Canada’s July Labour Force Survey Was the Weakest Since 2022 Employment fell by 40,800 jobs in July, a weak start to the third quarter, driven by decreases in full-time work, with most of the decline in the private sector. The jobless rate held steady at 6.9%, even though the number of unemployed people fell. The monthly…
July 30, 2025
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Holds Rates Steady as Tariff Clouds Linger
Bank of Canada Holds Rates Steady As Tariff Turmoil Continues As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the third consecutive rate hold since the Bank cut overnight rates seven times in the past year. The Governing Council noted that the unpredictability of the magnitude and…
July 15, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canadian Housing Might Be Turning A Corner As Sales Picked Up in June and Prices Flattened.
Home Sales Rose As Prices Stabilized–Housing Market is Turning a Corner The number of home sales recorded over Canadian MLS® Systems rose 2.8% on a month-over-month basis in June 2025, building on the 3.5% gain recorded in May. Over the past two months, the recovery in sales activity has been led overwhelmingly by the Greater…
July 15, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Accelerates by 1.9% y/y in June; US inflation comes in below forecast for the fifth consecutive month
Today’s Report Shows Inflation Remains a Concern, Forestalling BoC Action Canadian consumer prices accelerated for the first time in four months in June, and underlying price pressures firmed, likely keeping the central bank from cutting interest rates later this month. The annual inflation rate in Canada rose to 1.9% in June from 1.7% in May, aligning…
July 11, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canada Unexpectedly Adds 83,100 Jobs in June, The Biggest Gain of 2025
Canada’s Economy Shows Amazing Resilience in June The Canadian economy refuses to buckle under the weight of tariff uncertainty and further potential tariff hikes. The Labour Force Survey, released this morning for June, showed a surprising net new job gain of 83,100 positions, the most significant number of jobs this year. A whopping 84% of…
June 27, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canadian GDP is Set To Contract In Q2
Canada Is Headed For A Moderate Economic Contraction in Q2 Real gross domestic product (GDP) edged down 0.1% in April, following a 0.2% increase in March. The preliminary estimate for May was also -0.1%. April and May were months of the most significant tariff uncertainty–both auto, steel, and aluminum tariffs were announced during this period….
June 24, 2025
Category: About Sherry Articles Media Reporting on Sherry
Canadian CPI inflation held steady at 1.7% y/y in May. Core inflation edged downward.
Today’s Report Shows Inflation Remains a Concern The Consumer Price Index (CPI) rose 1.7% year-over-year in May, matching the 1.7% increase in April. A reduced rent price increase and a decline in travel tour prices put downward pressure on the CPI in May compared with one year earlier. Smaller declines for gas and cellular services put upward…