Canadian Jobs Market Booms Despite Rate Hikes Today’s Labour Force Survey (LFS) for January was much stronger than expected. This raises the question, how long the Bank of Canada’s rate pause will last. This report showed no evidence that the labour market is slowing in response to the vast and rapid runup in interest […]

  With many Canadians are experiencing strains caused by the increased cost of living and inflation. Claiming tax credits can help offset the financial burden by putting extra money back in your pocket. Below, is some of the top credits and deductions that you may be able to claim on your income tax return to help you […]

If you are in the market for a home or a new car, you are probably very familiar with your credit score. Lenders are one of the primary users of credit scores and it can have a huge impact on whether you get approved for a loan and just how much interest it is going […]

Bank of Canada Will Not Be Happy With This Inflation Report Not only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation–a highly visible component–edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than […]

The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings of Government of Canada bonds, which puts additional upward […]

Led by a drop in gas prices, Canada’s annual inflation rate eased to 7.6% in July, according to data released by Statistics Canada. That follows a 40-year-high of 8.1% in June, which some observers believe may mark the peak in inflation. That would be welcome news for the Bank of Canada, but still not enough to keep […]

A Super-Sized Rate Hike, Signalling More To Come The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings of Government of Canada bonds, which puts additional upward pressure […]

Canada’s consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that the Bank of Canada is staring down the most dangerous burst of Inflation since it started targeting the consumer price index in the early 1990s. Excluding gasoline, the CPI rose 6.3% year […]

  Inflation at 6.8% is unmitigated bad news. The Bank of Canada looks flat-footed again, having forecast that Inflation would be at least a full percentage point lower by now. What’s worse, inflation looks likely to rise again this month given the surge in gasoline prices from April to May. Today’s report raises the urgency […]

Labour Market Bumps Up Against Capacity Constraints Job vacancies abound in many sectors, yet employers have trouble finding workers to fill those jobs and retaining workers with so many options available. As the jobless rate falls to new record lows, net new employment has slowed. This is not dissimilar to the housing market, where supply […]