CREA Updates Resale Housing Market Forecast National home sales have remained little changed from month to month since the summer of 2022 and, in fact, posted modest back-to-back monthly gains in February and March 2023. With nearly a year without any large declines, the downward adjustment to sales activity from rising interest rates and high […]

TD Economics: Spending in a Time of Uncertainty Quick and sustainable kitchen hacks (NC) Trying to eat quality food on a budget with a busy schedule can seem like an impossible feat. From grocery shopping to food prep, clean-up and waste, here are some tips to make the process easier and more economical. Meal plan […]

Canadian CPI — A Mere Placeholder That Wasn’t as Dovish as Markets First Believed Markets clearly saw evidence of weaker inflation and responded by at first unwinding some of the rise in shorter-term yields that was occurring before the data and by driving the C$ to depreciate by about half a penny afterward. CAD retained […]

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening The Bank of Canada increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Global inflation remains high and broad-based. […]

Canada: Prices down from their peak across the country How to get your finances on track this year

Canada: The housing market has stabilized in October On a seasonally adjusted basis, home sales increased 1.3% from September to October, the first monthly gains in eight months. Despite this growth in sales, this should not be seen as the beginning of an upward trend, but more like a stabilization of the market, with sales […]

Policy interest rate hikes: how will they impact my finances? The Bank of Canada has raised its policy interest. If you’re wondering why—and how the increase will affect your financial plans—read on for the answers. What is the policy interest rate? The policy interest rate is the fixed interest rate set by a financial institution […]

Canadian home sales post small decline from July to August How to get your house organized this fall How to get your house organized this fall (NC) There’s something about the fresh autumn air, changing leaves and kids settling into schoolyard rhythms that make many of us feel like it’s time to restore order to […]