Economics

Bank of Canada Interest Rate Announcement

Posted on Jan 22, 2020 in Economics

Bank Of Canada Interest Rate Announcement January 2020The Bank of Canada held its overnight rate at 1.75 percent this morning. In the statement accompanying the decision, the Bank noted that while economic growth slowed in the fourth quarter, the global economy appears to be stabilizing and export demand and business investment should pick-up over the next year. In addition, strong population and inco...

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Canadian Employment December 2019 

Posted on Jan 10, 2020 in Economics

Canadian Job Numbers in BC - December 2019A good news report. Canadian employment increased by 35,200 jobs in December, partially offsetting the previous month's decline of 71,200 jobs. This brought the national unemployment rate down from 5.9% in the previous month to 5.6% in December. Regionally, the increase was led by Ontario (25,000) and Quebec (21,000). December's increase was largel...

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BC Housing Starts - January 2020

Posted on Jan 09, 2020 in Economics

BC HOUSING STARTS 2020Canadian housing starts decreased by 3.4% in December to 197,329 units at a seasonally adjusted annual rate (SAAR). The trend in national housing starts fell, averaging about 212,000 units SAAR over the past six months.

In BC, housing starts fell by 10% on a monthly basis to 42,791 units SAAR, largely due to contractions in the volatile multi-unit...

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Canadian Inflation (November)

Posted on Dec 18, 2019 in Economics

Canadian Inflation Rates - November 2019Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 2.2 per cent in November year-over-year, following a 1.9 per cent increase in the previous month. Excluding the impact of higher gasoline prices, national CPI rose by 2.3 per cent year-over-year. The Bank of Canada's three measures of trend inflation rose to average 2.2 per c...

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Canadian Employment (November)

Posted on Dec 08, 2019 in Economics

Canada Employment Numbers November 2019Canadian employment decreased by 71,000 jobs in November, led by Quebec (-45,000), BC (-18,200) and Alberta (-18,000). This brought the national unemployment rate up from 5.5% in the previous month to 5.9% in November. November's decline was largely driven by private-sector employment, while self-employment and public-sector employment was little c...

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Bank of Canada Interest Rate Announcement

Posted on Dec 04, 2019 in Economics

US & Canada Interest RatesThe Bank of Canada held its overnight rate at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that there is evidence that the global economy is stabilizing and that US recession concerns are waning, though trade conflicts remain the biggest threat to the Canadian economy. The Bank expects modest growth in 2020...

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