The Table Is Set For Rate Cuts In 2024

General Greg Bedard 30 Nov

The Canadian economy weakened far more than expected in the third quarter, down 1.1% annually. However, the Q2 figures were revised up significantly from a 0.2% decline to a rise of 1.4%. Such are the vagaries of economic data. The Canadian economy is contracting despite the positive impetus of rapid population growth. Bottom Line Today’s […]

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Canadian Home Sales Slump Accelerates in October

Latest News Greg Bedard 15 Nov

Housing affordability is the number-one issue causing the significant decline in housing activity, adding to PM Justin Trudeau’s political problems. With the growing impact of unaffordable housing and the slowing labour market, activity in the real estate market should remain subdued for the rest of this year. Home sales dropped 5.6% month-over-month (m/m) in October–the fourth consecutive […]

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