Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

Latest News Wing Kei (Winson) Lam 15 Jun

Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994 PUBLISHED WED, JUN 15 20222:00 PM EDTUPDATED 23 MIN AGO Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email KEY POINTS The Federal Reserve raised its benchmark interest rates three-quarters of a percentage point […]

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Housing Market Correction Gains Steam in May

Latest News Wing Kei (Winson) Lam 15 Jun

Housing Market Correction Gains Steam in May Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, national home sales dropped by 12.6% monthly (m/m). National home sales fell by 8.6% between April and May, building on […]

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Inflation Pressures Accelerating

Latest News Wing Kei (Winson) Lam 16 Mar

Inflation Pressures Accelerating StatsCanada today reported that consumer prices rose 5.7% year-over-year in February, up again from the prior month’s 5.1% rise. This was the largest gain since August 1991 (+6.0%). This was no surprise, as the Ukraine War has stepped up inflation pressure worldwide. The US CPI rose a whopping 7.9% last month (see chart below).Price increases […]

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New Listings Finally Show Some Life

Latest News Wing Kei (Winson) Lam 15 Mar

New Listings Finally Show Some Life Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales were up in February 2022 as buyers jumped on the first spring listings. The number of newly listed properties surged a welcome 23.7% from extremely depressed levels, hopefully portending a much-needed increase in supply […]

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Canada Reached Full-Employment in February

Latest News Wing Kei (Winson) Lam 11 Mar

Canada Reached Full-Employment in February Statistics Canada released the February Labour Force Survey this morning, reporting a much more significant than expected 336,600 net new jobs, with the unemployment rate falling a full percentage point to 5.5%. This is the first time the unemployment rate fell below its pre-Covid level and reinforces the expectation for […]

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Bank of Canada Starts Hiking Rates, Signalling More To Come

Latest News Wing Kei (Winson) Lam 2 Mar

Bank of Canada Starts Hiking Rates, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate target by a quarter percentage point in a widely expected move and signalled that more hikes would be coming. This is the first rate hike since 2018. In a cautious stance, the […]

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Inflation Ticked Up Again in January

Latest News Wing Kei (Winson) Lam 16 Feb

Inflation Ticked Up Again in January StatsCanada today reported that consumer price inflation rose to 5.1% from year-ago levels in January, compared to 4.8% in December. This was higher than expected but still well below US inflation posted at 7.5% for the same period. Undoubtedly, this puts additional pressure on the Bank of Canada to […]

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Bank Will Hike Rates At Next Meeting

General Wing Kei (Winson) Lam 26 Jan

Bank Will Hike Rates At Next Meeting While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the Governing Council would hold off until March or April because of the slowdown in first-quarter growth arising from the Omicron restrictions. The Bank announced today that economic […]

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Residential Market Commentary – Interest rate anticipation runs high

General Wing Kei (Winson) Lam 24 Jan

Residential Market Commentary – Interest rate anticipation runs high Be the expert Jan 24, 2022 First National Financial LP Market watchers have their gaze firmly fixed on January 26th.  The Bank of Canada will make its first rate announcement of 2022 and deliver its first Monetary Policy Report for the year. The key factors that […]

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