https://tradingeconomics.com/united-states/jobless-claims Courtesy of Tania Hatcher at RMG Mortgages Thursday initial jobless claims higher than consensus.  Causing US Treasury yields to drop early this morning and likely bond yields in Canada will follow.  Export/import prices in US also negative and disinflationary. US 10 year treasury down 8.2 bps this morning The number of Americans filing for […]

Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table Today’s StatsCanada Labour Force Survey for October was weak across the board. Total job gains were meagre, full-time jobs fell, hours worked were flat, wage inflation eased (a bit), and the unemployment rate rose. Employment changed little in October, up only 17,500 (0.1%), […]

https://us7.campaign-archive.com/?e=f7fc7209d6&u=e22472ccf910e7bde7d3d0632&id=52bc172bed

@DrSherryCooper https://dominionlending.ca/economic-insights/canadian-home-sales-dipped-in-august-following-boc-rate-hikes   Not surprisingly, buyers moved to the sidelines last month as the central bank took the overnight policy rate up to 5.0%. Home sales posted a 4.1% decline between July and August, well below the 10-year moving average shown in the chart below. However, on a year-over-year (y/y) basis, the number of transactions rose […]

Why Bank of Canada hike is not a done deal despite inflation ‘head fake’ Adapted From the Financial Post PostHaste article dated August 17, 2023 entitled ‘‘Why Bank of Canada hike is not a done deal despite inflation ‘head fake’’  – 2 minute read-   We were warned that the battle against inflation would get […]

https://dominionlending.ca/economic-insights/weaker-than-expected-jobs-report-portends-no-rate-hike-by-boc

https://www.theglobeandmail.com/business/article-bank-of-canada-interest-rates-consumer-spending/

https://dominionlending.ca/economic-insights/cpi-inflation-falls-to-2-8-inside-the-bocs-target-range

On April 18, Canada’s national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing about it. According to the report, the severe downturn in […]

Home prices continued to decline across the country in July, according to Canadian Real Estate Association data released Wednesday. The Ottawa-based group said the average price of a home sold last month was $353,147, a decline of 2% from a year earlier. The year-over-year decline in June was 0.8%. “Prices are off their recent peaks […]