Canadian Inflation Pressures Ease in December

Latest News 18 Jan

Good News on the Inflation Front in December The Consumer Price Index (CPI) rose 6.3% year over year in December, down from the 6.8% pace in November. Much of the decline was owing to the drop in gasoline prices. Additional deceleration came from homeowners’ replacement costs, fuel oil and other owned accommodation expenses, and various durable […]

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Post-Holiday Debt? Consolidate Today

Mortgage Tips 10 Jan

The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple points of debt from credit cards or are dealing with other loans […]

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Canadian Inflation Disappointingly High in November

Latest News 21 Dec

The Bank of Canada Won’t Like This Inflation Report November’s CPI inflation rate fell only one tick to 6.8%, despite gasoline prices falling. This follows a two-month reading of 6.9%. Excluding food and energy, prices rose 5.4% yearly last month, up from 5.3% in October. Critical gauges of underlying price pressure were mixed but continued […]

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Little Comfort for the Bank of Canada in Today’s Jobs Report

Latest News 2 Dec

Today’s Labour Force Survey for November will do little to assuage the Bank of Canada’s concern about inflation. While employment growth slowed to 10,100 net new jobs–down sharply from October’s reading–the report’s underlying details point to excess labour demand and rising wages. This is compounded by Monday’s data release showing that the Canadian economy grew […]

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Is now a good time to buy?

General 1 Dec

If you’re wondering if now is a good time to buy a home, you’re certainly not alone — it’s been one heck of a year for real estate in Canada! If we look back to February 2022, national home sales were up as buyers jumped into an early Spring market; this trend continued for a […]

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Canada’s Inflation at 6.9% in October Supports a December Rate Hike

Latest News 16 Nov

Bank of Canada Will Not Be Happy With This Inflation Report   Not only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation–a highly visible component–edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than […]

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