Bank of Canada Cuts Policy Rate By 25 bps to 4.25%

General Kimberly Coutts 4 Sep

Bank of Canada Cuts Rates Another Quarter Point   Today, the Bank of Canada cut the overnight policy rate by another 25 basis points to 4.25%. This is the third consecutive decrease since June. The Bank’s decision reflects two main developments. First, headline and core inflation have continued to ease as expected. Second, as inflation […]

Read More

Canadian Q2 Real GDP Growth A Bit Stronger Than Expected, But Per Capita Real GDP Falls for The Fifth Consecutive Quarter

General Kimberly Coutts 30 Aug

Q2 Canadian Growth, Boosted By Record Population Gains, Slows In June And July   Canada’s economy grew a bit more than expected in the second quarter, but falling per-capita gross domestic product and softening household consumption assure the Bank of Canada that it will cut rates for a third consecutive meeting next week. Canadian GDP […]

Read More

Canadian Housing Market On Pause In July

General Kimberly Coutts 20 Aug

Canadian Housing Market Paused In July   Despite the continued decline in interest rates, the Canadian housing market saw summer doldrums last month. The Canadian Real Estate Association (CREA) announced today that national home sales fell 0.7% monthly while rising 4.8% from year-ago levels. A significant uptick in sales activity is likely this fall, reflecting […]

Read More

Canadian Employment Growth Stalled In July, While the Jobless Rate Held Steady at 6.4%

General Kimberly Coutts 13 Aug

Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-Play   Canadian employment data, released August 9 by Statistics Canada, showed a continued slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Employment declined again in […]

Read More

Canadian Inflation Fell in June, Setting the Stage For BoC Rate Cut

General Kimberly Coutts 16 Jul

Canadian Inflation Fell in June, Setting the Stage For BoC Rate Cut   Inflation unexpectedly slipped 0.1% (not seasonally adjusted) in June, following a 0.6% increase in May. This was the first decline in six months. The monthly decrease was driven by lower prices for travel tours (-11.1%) and gasoline (-3.1%). The Consumer Price Index (CPI) rose 2.7% year over […]

Read More

Weaker-than-expected Jobs Report Keeps Further BoC Rate Cuts In Play

General Kimberly Coutts 5 Jul

Weaker-Than-Expected June Jobs Report Keeps BoC Rate Cuts In Play   Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Nevertheless, the Bank of […]

Read More

Economic Insights from Dr. Sherry Cooper

General Kimberly Coutts 2 Jul

The Bank of Canada finally began an easing cycle on June 5, taking their overnight policy rate down 25 bps to 4.75%–the first major central bank to do so. The housing market has languished over the past year with extremely weak affordability. The Multiple-Listing Service Home Price Index fell again in May and is now […]

Read More

Entering the Housing Market

General Kimberly Coutts 2 Jul

  With the first Bank of Canada rate drop having occurred in June, many individuals are looking at the housing market with renewed vigor and an expectation that rates will continue to come down to a more sustainable level. If you are someone who is considering entering the housing market this summer, there are a […]

Read More