BANK OF CANADA CUTS Policy Rate by Another Quarter Point

Latest News Kim Stenberg 4 Sep

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 gets closer to the target, the central bank wants […]

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BANK OF CANADA CUTS OVERNIGHT RATE

Latest News Kim Stenberg 25 Jul

Bank of Canada has cut its policy interest rate Exciting news for Canadians, as the Bank of Canada cuts rates again!  The Bank of Canada reduced it policy rate in June — making Canada the first G7 country to do so — and the Bank was at it again yesterday.  Its decision to further reduce the rate […]

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April’s Strong Job Gains Likely POSTPONE Rate Cuts Until July

Latest News Kim Stenberg 10 May

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 […]

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

Latest News Kim Stenberg 17 Apr

I’d give this budget a C-. That’s generous. It squanders what could have been a reduction in the budget deficit for a host of inconsequential spending measures. Worse still, it increases capital gains taxes, which might play well for millennials and Gen Xers, who need help understanding the unintended consequences. Higher taxes will reduce investment […]

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Recent Signs Show Housing Activity Will Strengthen Meaningfully in April

Latest News Kim Stenberg 15 Apr

Ho Hum Housing Data in March Provides Hints of Coming Strength in Spring 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 […]

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March’s Weak Jobs Report Sets the Stage for a June Rate Cut

Latest News Kim Stenberg 8 Apr

The 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 were similar to the headline: as full-time jobs dipped, total hours worked fell 0.3%, and only two […]

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