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Bank of Canada Ups 2021 GDP Growth Estimate
Apr 22, 2021 | Economic News and ForecastsThe Bank of Canada yesterday announced it is continuing to keep interest rates at the lower effective bound of 0.25% and is scaling back its quantitative easing (QE) support - purchases of Government of Canada bonds - from $4 billion to $3 billion per week, effective April 26...
Bank of Canada Holds the Line on Interest Rates
Mar 10, 2021 | Economic News and ForecastsThe Bank of Canada announced today it is keeping interest rates at the effective lower bound of 0.25% despite the improved GDP in Q4 2020. The tone of the announcement remained somewhat dovish: "While economic prospects have improved, the Governing Council judges that the recovery continues...
Statistics Canada Releases Q4 2020 and Calendar 2020 GDP
Mar 4, 2021 | Economic News and ForecastsYesterday, Statistics Canada released GDP figures for Q4, along with GDP for the full year. In Q4, GDP grew 2.3% (an annualized rate of 9.5%) while, for the year, it fell an unprecedented 5.4%. Non-residential construction fell 10.9% in the quarter, reflecting weak demand for office buildings...
In Memory of Georges Boisjoli
Jan 4, 2021 | General News
It is with great sadness that we let our members know of the death of Georges Boisjoli, DAHC, on December 19, 2020, at the age of 76 years after a long battle with illness.
Georges was
[ Read More ]2021 DHI-C Economic Forecast
Dec 16, 2020 | Economic News and ForecastsDHI Canada today has released our 2021 economic analysis and forecast. We're predicting a few bumps in the road yet as we move into recovery after the pandemic-related recession earlier this year. A slightly abbreviated version of this forecast will appear in the January 2021 issue...
In memory of Evan Kwong
Dec 4, 2020 | General News
It is with heartbreaking sadness that we announce the peaceful passing of Evan Kwong on Thursday, November 26th, 2020, after three years of battling Head and Neck Cancer at the age of 56
[ Read More ]Q3 2020 GDP Released
Dec 1, 2020 | Economic News and ForecastsStatistics Canada released the 2020 third quarter GDP. The economy grew 8.9% in real terms in Q3 compared to Q2; this is an annualized rate of 40.6% Growth is less than anticipated (StatsCan's flash estimate for Q3 was about 46%), but was still a record-breaking level...
Summary of Bank of Canada's Monetary Policy Report, October 2020
Nov 2, 2020 | Economic News and ForecastsThe Bank of Canada (BoC) issues a quarterly Monetary Policy Report (MPR), which we use as one of the inputs to our Economic Forecasts. In the April and July MPR, the Bank departed from its practice of including definitive economic forecasts, but returned to it in the October issue...
StatsCan Releases August GDP; Q3 Flash Estimate
Oct 30, 2020 | Economic News and ForecastsStatistics Canada today released August GDP figures, showing the economy grew 1.2% month over month - a much slower pace than the 3.1% revised growth in July. The news was not so rosy for non-residential construction, which contracted a further 1.7%, with all components...
Bank of Canada Rate Still Holding at 0.25%
Oct 28, 2020 | Economic News and ForecastsThe Bank of Canada today confirmed it is holding the overnight rate at the effective lower bound of 0.25%. In its release, the Bank indicated it would continue to maintain this rate until its target inflation rate of 2.0% is "sustainably achieved"; they estimate this will not happen...