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Category: Canadian Economy (33 posts)

Great News On The Inflation Front Cause Big Bond Rally

Great News On The Inflation Front Cause Big Bond Rally

February 21, 2024 | Posted by: Andrew Wade

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects The Consumer Price Index (CPI) rose 2.9% year-over-year in January, down sharply fro ...

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Bumpy road to Target Inflation in Canada

Bumpy road to Target Inflation in Canada

January 16, 2024 | Posted by: Andrew Wade

A Bumpy Road To The Inflation Target Canada's headline inflation number for December '23 moved up three bps to 3.4%, as expected, as gasoline prices didn't f ...

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Canadian Inflation Fell to 3.1% (y/y) In October, Ensuring the BoC Holds Rates Steady

Canadian Inflation Fell to 3.1% (y/y) In October, Ensuring the BoC Holds Rates Steady

November 21, 2023 | Posted by: Andrew Wade

Good News On the Inflation Front Suggests Policy Rates Have Peaked Today's inflation report showed a continued improvement, mainly due to falling year-over-y ...

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Hawkish Hold By The Bank of Canada

Hawkish Hold By The Bank of Canada

October 25, 2023 | Posted by: Andrew Wade

Hawkish Hold By The Bank of Canada The Bank of Canada today held its target for the overnight rate at 5%, as was widely expected. The central bank continues ...

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Canadian Inflation Dips to 3.8% Keeping BoC On The Sidelines

Canadian Inflation Dips to 3.8% Keeping BoC On The Sidelines

October 17, 2023 | Posted by: Andrew Wade

Good News On the Inflation Front Suggests Policy Rates Have Peaked Today's inflation report for September was considerably better than expected, ending the t ...

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August Inflation Hotter Than Expected In Canada

August Inflation Hotter Than Expected In Canada

September 20, 2023 | Posted by: Andrew Wade

August Inflation Hotter Than Expected Canada's inflation rate accelerated more than expected for the second consecutive month, mainly driven by higher g ...

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First Quarter Canadian GDP Was Stronger Than Expected Pushing the BoC Closer To Rate Hikes

First Quarter Canadian GDP Was Stronger Than Expected Pushing the BoC Closer To Rate Hikes

May 31, 2023 | Posted by: Andrew Wade

Good News Is Bad News For The Bank Of Canada The Canadian economy continues to show marked resilience to high-interest rates. Statistic ...

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Canadian Inflation Falls To 4.3% y/y in March--Lowest Level Since August 2021

Canadian Inflation Falls To 4.3% y/y in March--Lowest Level Since August 2021

April 18, 2023 | Posted by: Andrew Wade

Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Bef ...

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Bank of Canada Not Happy with another strong jobs report

Bank of Canada Not Happy with another strong jobs report

April 6, 2023 | Posted by: Andrew Wade

Bank of Canada Not Happy With Another Strong Jobs Report This morning’s Jobs Report was again solid. Job creation, though more tempered than in earlier ...

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April Newsletter

April Newsletter

April 5, 2023 | Posted by: Andrew Wade

Hi Andrew Welcome to the April issue of my monthly newsletter!  This month, I am touch ...

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Canada's Federal Budget Describes a Deteriorating Fiscal Outlook and Slowing Economy

Canada's Federal Budget Describes a Deteriorating Fiscal Outlook and Slowing Economy

March 28, 2023 | Posted by: Andrew Wade

Federal Budget 2023...Press the Snooze Button As promised, there would be nothing much in this year's budget for fear of stimulating inflation. The federal g ...

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Canada's Headline Inflation Cools in February

Canada's Headline Inflation Cools in February

March 21, 2023 | Posted by: Andrew Wade

Further Decline in Inflation in February Will Keep the Bank of Canada On Hold in April All eyes will be on the Federal Reserve tomorrow when they decide whet ...

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Canadian Jobs Market Booms Despite Rate Hikes

Canadian Jobs Market Booms Despite Rate Hikes

March 1, 2023 | Posted by: Andrew Wade

Red Hot Labour Market Despite Rate Hikes Today's Labour Force Survey (LFS) for January was much stronger than expected, once again calling into questi ...

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Canadian Inflation Slows in January Assuring a Rate Pause At March 8 BoC Meeting

Canadian Inflation Slows in January Assuring a Rate Pause At March 8 BoC Meeting

February 28, 2023 | Posted by: Andrew Wade

Further Decline in Inflation in January Affirms Bank of Canada Pause in March Canadian inflation decelerated meaningfully in January despite the continued ...

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Canadian GDP Slowed Dramatically in Q4 2022, Another Reason the BoC Won't Raise Rates in March

Canadian GDP Slowed Dramatically in Q4 2022, Another Reason the BoC Won't Raise Rates in March

February 28, 2023 | Posted by: Andrew Wade

Bad News Is Good News for the Bank of Canada Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of 2022 this mor ...

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Canadian Labour Markets Are Extremely Tight With Troubling Wage Inflation

Canadian Labour Markets Are Extremely Tight With Troubling Wage Inflation

December 2, 2022 | Posted by: Andrew Wade

Little Comfort for the Bank of Canada in Today's Jobs Report Today's Labour Force Survey for November will do little to assuage the Bank of Canada's concern ...

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Canadian job market may be weakening!

Canadian job market may be weakening!

August 5, 2022 | Posted by: Andrew Wade

The Canadian Economy Is Slowing--Job Markets Will Begin To Shift The July employment report, released this morning by Statistics Canada, is a real head-scrat ...

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More bad news on the inflation front! Consumer price inflation rose further in June to 8.1% y/y, up from the 7.7% gain in May.

More bad news on the inflation front! Consumer price inflation rose further in June to 8.1% y/y, up from the 7.7% gain in May.

July 20, 2022 | Posted by: Andrew Wade

Canadian Inflation Surged to 8.1% in June Another bad inflation number was posted today. The rate of consumer inflation continued to rise, reaching 8.1% year ...

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Canadian Inflation Beats Expectations

Canadian Inflation Beats Expectations

May 20, 2022 | Posted by: Andrew Wade

Canadian Inflation Shows No Signs Of Abating Inflation at 6.8% is unmitigated bad news. The Bank of Canada looks flat-footed again, having forecast that Infl ...

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Canadian Liberal Budget

Canadian Liberal Budget

April 8, 2022 | Posted by: Andrew Wade

Affordable Housing Is A Key Theme In Federal Budget 2022 Today's budget announced a $10 billion package of proposals intended to reduce the cost of housing i ...

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Canadian CPI Inflation Rises to 5.7%

Canadian CPI Inflation Rises to 5.7%

March 22, 2022 | Posted by: Andrew Wade

Inflation Pressures Accelerating StatsCanada today reported that consumer prices rose 5.7% year-over-year in February, up again ...

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Canadian Inflation Rose Again in January to 5.1% y/y, Pressuring The Bank of Canada to Hike Rates in March

Canadian Inflation Rose Again in January to 5.1% y/y, Pressuring The Bank of Canada to Hike Rates in March

February 16, 2022 | Posted by: Andrew Wade

Inflation Ticked Up Again in January StatsCanada today reported that consumer price inflation rose to 5.1% from year-ago levels in January, compared to 4.8% ...

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Major Setback in Canada's January Employment Report

Major Setback in Canada's January Employment Report

February 4, 2022 | Posted by: Andrew Wade

No Wonder The Bank of Canada Didn't Hike Interest Rates Last Month Statistics Canada released the January Labour Force Survey this morning, reporting a much ...

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Surprising markets, the Bank of Canada held the overnight rate steady, as we expected, signalling they will remove emergency stimulus and raise the target policy rate when they meet again in March. Th

Surprising markets, the Bank of Canada held the overnight rate steady, as we expected, signalling they will remove emergency stimulus and raise the target policy rate when they meet again in March. Th

January 26, 2022 | Posted by: Andrew Wade

Bank Will Hike Rates At Next Meeting While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the G ...

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Canadian Inflation Hits 18-Year High

Canadian Inflation Hits 18-Year High

November 17, 2021 | Posted by: Andrew Wade

Inflation Surge Is No Need For Hysteria StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4. ...

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In October, Canadian home sales surged 8.6%, ploughing through a modest rise in new listings as prices continued to edge higher.

In October, Canadian home sales surged 8.6%, ploughing through a modest rise in new listings as prices continued to edge higher.

November 16, 2021 | Posted by: Andrew Wade

Home Sales Surge in October Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose a whopp ...

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Existing home sales rose 0.9% on a month-over-month (m/m) basis in September, marking the first monthly increase since March. Home prices continued to re-accelerate last month.

Existing home sales rose 0.9% on a month-over-month (m/m) basis in September, marking the first monthly increase since March. Home prices continued to re-accelerate last month.

October 15, 2021 | Posted by: Andrew Wade

Canadian Home Prices Continued to Rise As Insufficient Supply Creates Excess Demand Today the Canadian Real Estate Association (CREA) released statistics sho ...

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Canadian Home Sales Slow for Fourth Consecutive Month

Canadian Home Sales Slow for Fourth Consecutive Month

August 17, 2021 | Posted by: Andrew Wade

The Slowdown In Canadian Housing Continued in July Today the Canadian Real Estate Association (CREA) released statistics showin ...

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Canadian Job Growth Continued in July As Unemployment Rate Fell to 7.5%

Canadian Job Growth Continued in July As Unemployment Rate Fell to 7.5%

August 6, 2021 | Posted by: Andrew Wade

Canada's Jobs Recovery Continued in July Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were s ...

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Canadian Housing Continues to Moderate in May

Canadian Housing Continues to Moderate in May

June 24, 2021 | Posted by: Andrew Wade

The Slowdown In Canadian Housing Continued in May Today, the Canadian Real Estate Association (CREA) rele ...

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Canada's Job Recovery slowed from third wave restrictions

Canada's Job Recovery slowed from third wave restrictions

June 5, 2021 | Posted by: Andrew Wade

Canada's Jobs Recovery Derailed By Third-Wave Restriction This morning, Statistics Canada released ...

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Housing Drove the Economic Expansion in Q1

Housing Drove the Economic Expansion in Q1

June 2, 2021 | Posted by: Andrew Wade

Yesterday's Stats Canada release showed that the economy grew at a 5.6% annualized rate in ...

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