Economic Insights.

Dr. Cooper is Dominion Lending Centre's Chief Economist who helps Canadians understand the issues surrounding their most important financial decision – buying a home.

Fall Economic Statement Delivered Despite Chrystia Freeland’s Resignation

December 16, 2024

Chrystia Freeland Resigns On The Day of The Fall Economic Statement Finance Minister Freeland rocked markets today by submitting her resignation from Cabinet. Trudeau had asked her to take another Cabinet post, but she declined in a scathing letter accusing Trudeau of “costly political gimmicks” like “bribe-us-with-our-own-money cheques for $250 and a two-month GST holiday. “Inevitably, our time in government will […]

Canadian home sales rose again in November as new listings declined and prices rose

December 16, 2024

The Canadian Housing Market Strengthens Further Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump. Sales were up 2.8% m/m in November compared to October and now stand a cumulative 18.4% above where they were in May, just before the first interest rate cut in early June. Actual (not seasonally adjusted) monthly […]

The Bank of Canada Cuts Its Policy Rate By Another 50 Basis Points

December 11, 2024

Bank of Canada Cuts Policy Rate By 50 BPs Again The BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.25%. The market had priced in nearly 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP growth and a sharp rise in the Canadian unemployment rate to 6.8% triggered the […]

Le taux de chômage au Canada grimpe à 6,8 % malgré une forte croissance de l’emploi

December 6, 2024

L’augmentation du chômage au Canada fait qu’une nouvelle forte baisse de taux d’intérêt reste possible en décembre Avant la publication des données d’aujourd’hui sur le travail au Canada, il paraissait probable que la Banque du Canada baisse le taux directeur de 25 points de base à sa réunion du 11 décembre. Les données révèlent une création d’emplois plus importante que prévu, le […]

November Jobless Rate Surges to 6.8% in Canada Despite Strong Jobs Growth

December 6, 2024

The Surge In Canadian Unemployment Keeps Another Jumbo Rate Cut In Play In December Before the release of today’s Canadian Labour Force Data, the odds favoured a 25 basis point drop in the overnight policy rate when the Bank of Canada meets again on December 11th. The data showed more substantial than expected job creation, as the country added 51,000 […]