Canada’s Fiscal Response to COVID is the Largest in the Industrialized World

General Mark Goode 3 Dec

Federal Fiscal Update–Finance Minister Freeland’s Debut Justin Trudeau’s government, which has delivered the biggest COVID-19 fiscal response in the industrialized world, announced plans for another dose of stimulus and vowed to continue priming the pump as long as needed. Finance Minister Chrystia Freeland unveiled $51.7 billion of new spending over two years in a mini-budget Monday, led […]

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DLC UPDATE: Canada’s Jobs Recovery Slowed in October With New Pandemic Restrictions

General Mark Goode 6 Nov

Canada’s Jobs Recovery Slowed in October With New Pandemic Restrictions The October Labour Force Survey, released this morning by Stats Canada, showed an employment increase of 83,600–well below the 378,000 gain in September and average monthly gains of 395,000 over the past six months (see chart below). Several provinces tightened public health restrictions last month […]

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BoC UPDATE: BANK OF CANADA HOLDS OVERNIGHT RATE AT 0.25% AND RECALIBRATES BOND-BUYING PROGRAM

General Mark Goode 29 Oct

Bank of Canada Recalibrates Quantitative Easing As expected, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will continue to rely on large-scale asset purchases–quantitative easing (QE). The central bank is recalibrating its QE […]

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MORTGAGE NEWS: Bank of Canada Discontinues Some Liquidity Operations

General Mark Goode 29 Oct

Bank of Canada Will Stop Buying Canada Mortgage Bonds This Wednesday, the Bank of Canada will release its interest rate announcement and the October Monetary Policy Report. Most people expect the overnight rate to remain at 0.25%, where it has been since the pandemic hit. A few have suggested that the Bank could take a page from […]

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DLC UPDATE: CANADIAN HOME SALES AND PRICES SET RECORDS AGAIN IN SEPTEMBER

Latest News Mark Goode 19 Oct

Canadian Home Sales and Prices Set Another Record High in September Today’s release of September housing data by the Canadian Real Estate Association (CREA) shows national home sales rose 0.9% on a month-over-month (m-o-m) (see chart below). This continues the rebound in housing that began five months ago amid record-tight market conditions. “Along with historic […]

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DLC UPDATE: STRONGER-THAN-EXPECTED CANADIAN JOBS REPORT IN SEPTEMBER

Latest News Mark Goode 14 Oct

Canada Has Recouped Three-Quarters Of Pandemic Job Losses The September Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions during the week of September 13 to 19, six months after the onset of the COVID-19 economic shutdown. As Canadian families adapted to new back-to-school routines at the beginning of September, public health restrictions […]

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DLC UPDATE: ANOTHER RECORD-SETTING MONTH FOR CANADIAN HOUSING

General Mark Goode 16 Sep

CANADIAN HOUSING MARKET SETS RECORD HIGHS IN AUGUST Today’s release of August housing data by the Canadian Real Estate Association (CREA) showed a blockbuster August with both sales and new listings hitting their highest levels in 40 years of data–exceeding the record July activity levels. This continues the rebound in housing that began four months ago. […]

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BoC UPDATE: BANK OF CANADA HOLDS RATE AT 25 BPS

Latest News Mark Goode 9 Sep

BANK OF CANADA RELIES ON QUANTITATIVE EASING As promised, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will rely on large-scale asset purchases–quantitative easing (QE–of at least $5 billion per […]

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DLC UPDATE: Strong August Jobs Report in Canada

Latest News Mark Goode 4 Sep

Canada Has Recouped Two-Thirds Of Pandemic Job Losses The August Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions as of the week of August 9 to 15, five months after the onset of the COVID-19 economic shutdown. By mid-August, public health restrictions had substantially eased across the country and more businesses and […]

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OFFICE UPDATE: EFFECTIVE MONDAY, AUGUST 31, 2020

General Mark Goode 3 Sep

Effective Monday August 31, #MortgageManDLC will be open for both scheduled AND walk-in appointments. All incoming clients will be subject to COVID-19 screening questions and face masks continue to be mandatory for ALL who enter our office. Please note the following: IF YOU NEED TO SPEAK TO US ABOUT YOUR MORTGAGE:  Please call  705-326-8523, OR […]

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