Canadian National Home Sales Were Up 3.6% Month-over-Month

General Kimberly Coutts 19 Jun

Global Tariff Uncertainty Sidelines Buyers Canadian existing home sales recorded over the MLS Systems climbed 3.6% between April and May, a normally strong month for housing, marking the first gain in activity since last November. The Greater Toronto Area (GTA), Calgary, and Ottawa led the monthly increase. “May 2025 not only saw home sales move […]

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Weak Canadian Labour Report in May Points Towards BoC Easing

General Kimberly Coutts 6 Jun

Labour Market Weakness Continued in May, Raising the Prospects of a Rate Cut at The Next BoC Meeting Today’s Labour Force Survey for March was weaker than expected. Employment decreased by 33,000 (-0.2%) in March, the first decrease since January 2022. The decline in March followed little change in February and three consecutive months of growth in November, December […]

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Bank of Canada Holds Rates Steady for Second Consecutive Meeting

General Kimberly Coutts 5 Jun

Bank of Canada Holds Rates Steady for the Second Consecutive Meeting–But Two More Rate Cuts Are Likely This Year As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the second consecutive rate hold since the Bank cut overnight rates seven times in the past year. The governing […]

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Q1 Canadian GDP Comes In Stronger Than Expected Owing to Tariffs

General Kimberly Coutts 30 May

Q1 GDP Growth Was Bolstered by Tariff Reaction As Residential Construction and Resale Activity Weakened Further Statistics Canada released Q1 GDP data showing a stronger-than-expected 2.2% seasonally adjusted annual rate, a tick above the pace of the quarter before. Exports drove growth as companies in the United States rushed to stockpile Canadian products before U.S. […]

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Weak Canadian Jobs Report for April As Tariffs Hit Manufacturing

General Kimberly Coutts 9 May

Manufacturing Employment Plunged as Tariffs Weakened the Economy Today’s Labour Force Survey for April showed a marked adverse impact of tariffs on the Canadian economy. Early evidence suggests that the slowing economy will be the primary fallout of tariffs, with upward pressure on prices a secondary impact. The central bank’s actions will mitigate inflation while […]

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The Bank of Canada holds rates steady in the face of tariff uncertainty

General Kimberly Coutts 16 Apr

Bank of Canada Holds Rates Steady In The Face Of Tariff Uncertainty–More Rate Cuts Coming The Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, as expected by half of the market, to mark the first hold following 225 basis points of cuts in seven consecutive decisions. The governing council noted […]

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Tariffs Dampen Canada’s Spring Housing Season

General Kimberly Coutts 16 Apr

Global Tariff Uncertainty Sidelines Buyers Canadian existing home sales plunged last month as tariff concerns again mothballed home-buying intentions. Consumer confidence has fallen to rock-bottom levels as many fear the prospect of job losses and higher prices. According to data released today by the Canadian Real Estate Association, existing home sales declined by 4.8% month-over-month. […]

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