Is The Bank of Canada Finished Hiking Rates? (April 2023)
May 18, 2023Dr. Sherry Cooper joined Dominion Lending Centres President, Eddy Cocciollo, for In Conversation to discuss the latest updates from the Bank of Canada.
Canadian CPI Inflation Ticked Up For The First Time In Nearly A Year
May 16, 2023Canadian Inflation Rose More Than Expected in April, But Core Inflation Slowed Canadian Inflation Rose More Than Expected in April, But Core Inflation Slowed There’s been an unexpected hiccup in the Bank of Canada’s ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the previous month’s 4.3% and significantly exceeding the average economist’s prediction of 4.1%. […]
Canadian Housing Activity Strengthens Sharply in April
May 15, 2023Vital Spring Housing Market Bodes Well For The Economy The Canadian Real Estate Association says home sales in April surged 11.3% month-over-month. The Spring rebound was on the heels of smaller back-to-back gains in the prior two months. Now that the Bank of Canada paused interest rate hikes and home prices in most regions have softened, homebuyers are scrambling for […]
Canadian Jobs Report Much Stronger Than Expected, Keeping Interest High For Longer
May 5, 2023High Interest Rates Have Not Slowed the Labour Market Sufficiently The Canadian labour market has done it again, blowing past expectations for the fifth straight month. In April, a whopping 41,400 new jobs were added, more than double what economists predicted. Since February, monthly employment growth has averaged 33,000, following cumulative increases of 219,000 in December 2022 and January 2023. The employment rate—the share of the population […]
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