Gasoline Prices Dipped

Housing Slowdown Continues in July Housing Slowdown Continues in July. Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates continued in July, albeit at a slower pace. Home sales recorded over Canadian MLS® Systems fell by 5.3% between June and […]

Good News on the Inflation Front Good News on the Inflation Front. It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last month following its 1.3% spike in June. This reduced the year-over-year inflation rate […]

The Canadian Economy Is Slowing–Job Markets Will Begin To Shift The Canadian Economy Is Slowing. The July employment report, released this morning by Statistics Canada, is a real head-scratcher. The job numbers fell for a second consecutive month, but so did the number of job seekers, so the unemployment rate remained unchanged at a historic […]

The Canadian Economy is Slowing The July employment report, released this morning by Statistics Canada, is a real head-scratcher. The job numbers fell for a second consecutive month, but so did the number of job seekers, so the unemployment rate remained unchanged at a historic low of 4.9%. I have been pondering the profusion of […]

Canadian Inflation Surged to 8.1% in June 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 over year (y/y) in June, following the 7.7% gain in May. The increase was the largest yearly change since January 1983. The acceleration […]

House Price Decline Accelerated in June House Price Decline Accelerated in June. Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. Home sales recorded over Canadian MLS® Systems fell by 5.6% between May and June 2022, taking second-quarter […]

A Super-Sized Rate Hike, Signalling More To Come A Super-Sized Rate Hike, Signalling More To Come. The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings of Government […]

Canadian Inflation Surged to 7.7% In May Canadian Inflation Surged to 7.7% In May. Canada’s consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that the Bank of Canada is staring down the most dangerous burst of Inflation […]

Housing Market Correction Gains Steam in May Housing Market Correction Gains Steam in May. Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, national home sales dropped by 12.6% monthly (m/m). National home sales fell by […]