Julie Gordon

UPDATE 1-Canadian home prices, sales to moderate but remain high, agency says

May 06 2021

OTTAWA, May 6 Canada's home sales and price growth will moderate over the coming years from the unsustainable levels of 2020, but remain elevated, with housing starts expected to stabilize by the end of 2023, the national housing agency said on Thursday.

UPDATE 2-Canada returns to trade deficit position in March as imports surge

May 04 2021

OTTAWA, May 4 Canada's trade balance shifted back to a deficit in March following two consecutive months of surplus as imports jumped significantly while exports edged up slightly, Statistics Canada said on Tuesday.

Canadian economy seen strong in first quarter, but impact of third wave looms

Apr 30 2021

OTTAWA (Reuters) -Canada's economy likely grew by 6.5% on an annualized basis in the first quarter, Statistics Canada said on Friday, though economists warned that the current third wave of COVID-19 infections will weigh in the second quarter.

UPDATE 2-Bank of Canada signals rate hike in 2022, tapers bond purchases

Apr 21 2021

OTTAWA, April 21 The Bank of Canada signaled on Wednesday that it could start hiking interest rates in late 2022, as it sharply boosted its outlook for the Canadian economy and reduced the scope of its bond buying program.

UPDATE 1-Canadian home prices on fire and policymakers using 'squirt gun'

Apr 20 2021

OTTAWA, April 20 Buyers are turning up the heat on Canada's searing hot housing market, their frenzy leading to record sales, prices and starts, but in a budget unveiled on Monday the federal government did little to tamp down the fire.

Canada rolls out post-pandemic spending plan ahead of likely election

Apr 19 2021

OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau's government on Monday lined up billions in new spending to provide emergency support during a virulent third wave of COVID-19 and to help launch an economic recovery ahead of an election expected later this year.

Canada housing starts up 21.6% in March to new record - CMHC

Apr 19 2021

OTTAWA Canadian housing starts rose 21.6% in March compared with the previous month, easily beating expectations and hitting a new record, data from the Canadian Mortgage and Housing Corporation showed on Monday.

Canada to go big on budget spending as pandemic lingers, election looms

Apr 14 2021

OTTAWA Canada's Liberal government will deliver on its promise to spend big when it presents its first budget in two years next week amid a fast-rising third wave of COVID-19 infections and ahead of an election expected in coming months.

Business sentiment improves as firms look past pandemic, Bank of Canada says

Apr 12 2021

OTTAWA Business sentiment in Canada continues to improve and many firms consider the impacts of the COVID-19 pandemic behind them, though the outlook remains challenging for high-contact services, a Bank of Canada survey showed on Monday.

Canada's housing price surge increasing vulnerabilities: BoC

Apr 09 2021

OTTAWA Canada's red-hot housing market has bolstered the economic recovery from the COVID-19 pandemic, but the market imbalances are escalating and driving up already-high household debt, the Bank of Canada said on Friday.

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