Canadian home sales cool in November

Ottawa, ON, December 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were down on a month-over-month basis in November 2016. Highlights: National home sales fell 5.3% from October to November. Actual (not seasonally adjusted) activity remained 1.6% above levels in November 2015. The number of... View More >

Bank of Canada keeps rates on hold citing uncertainty

The Bank of Canada announced on December 7th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent.‎ The Bank is currently taking a wait-and-see approach amid heightened uncertainty on a number of fronts, including the actual policy outcomes of the U.S. election. On balance, the Bank said there remains... View More >