12 Aug

Pandemic Triggers Red-Hot Summer Housing Market

General

Posted by: Gemma Riley-Laurin

We will get the full story on July housing in Canada when the Canadian Real Estate Association releases its July data in the next few days, but local real estate boards have reported a robust July market. Even in Calgary, year-over-year sales have jumped by double digits. Sales in Montreal were up more than 45% […]

Read More
11 Aug

Better-Than-Expected Canadian Jobs Report in July Shows Economy’s Resilience

General

Posted by: Gemma Riley-Laurin

The July Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions as of the week of July 12 to 18. Although public health restrictions had been substantially eased in most parts of the country—with the exception of some regions of Ontario, including Toronto—some measures remained in place, including physical distancing requirements and […]

Read More
31 Jul

Canadian Economy Recovers Almost Half Its COVID-Induced Loss in May and June

General

Posted by: Gemma Riley-Laurin

Dr. Sherry Cooper Chief Economist, Dominion Lending Centres drcooper@dominionlending.ca The Canadian economy bounced back sharply in May and June as Canadian provinces eased lockdown measures. GDP expanded 4.5% in May, and activity in June was even more robust at an estimated 5% rise. Cumulatively, GDP rose 10% in May and June, after plummeting more than […]

Read More