Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

The global economy continues to slow and inflation has eased further. In the United States, growth has been stronger than expected, led by robust consumer spending, but is likely to weaken in the months ahead as past policy rate increases work their way through the economy. Growth in the euro area has weakened and, combined with lower energy prices, this has reduced inflationary pressures. Oil prices are about $10-per-barrel lower than was assumed in the October Monetary Policy Report (MPR).…

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'Tis the season to be jolly, and what better way to spread holiday cheer than by adding a personal touch to your Christmas decorations? This year, let your creativity shine with these delightful and budget-friendly DIY decorating ideas. From handmade ornaments to festive wreaths, these crafts will not only bring warmth to your home but also create lasting memories for you and your loved ones.

  1.     Personalized Ornaments: Start your DIY Christmas decorating adventure by creating personalized ornaments. Gather clear glass or plastic ornaments and fill them with items that hold sentimental value. Consider using small photos, snippets of old Christmas cards, or even tiny trinkets that represent special memories. Seal them up, add a ribbon, and voila…

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New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.

Despite the year-over-year jump in new listings, inventory levels remained low thanks to relatively strong sales. With 1,787 sales in November, the sales to new listings ratio remained high at 80 per cent, and the months of supply remained below two months.

“Like other large cities, new listings have been increasing,” said CREB® Chief Economist Ann-Marie Lurie. “However, in Calgary, the gains have not been enough to change the low inventory situation thanks to…

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OPEN HOUSE! 123 Reunion Grove NW, Airdrie https://peshketeam.maxwellrealty.ca/.../a2095540-123.../ https://www.youtube.com/watch?v=eHtnPp8O1Xk $775,000 MLS A2095540 Chef's Kitchen, Huge Backyard, Int/Ext Sound System, Irrigation System Large Pie Lot & Upgraded Home 4 Bedrooms Upper Level, Plus Bonus Room & Main Floor Den 2.5 Bathrooms Oversized Garage With Large Driveway Call/message us for more details: 403-681-0319 Welcome to your dream home! This spacious & meticulously designed residence has 9 ft ceilings on both the main floor & basement, creating an airy & inviting atmosphere throughout. As you step inside, you'll be greeted by a welcoming entry way that leads to the office,…

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!JUST LISTED! Open House! Dec 3rd from 1-3pm 123 Reunion Grove NW, Airdrie https://peshketeam.maxwellrealty.ca/.../a2095540-123.../ https://www.youtube.com/watch?v=eHtnPp8O1Xk $775,000 MLS A2095540 Chef's Kitchen, Huge Backyard, Int/Ext Sound System, Irrigation System Large Pie Lot & Upgraded Home 4 Bedrooms Upper Level, Plus Bonus Room & Main Floor Den 3 Bathrooms Oversized Garage With Large Driveway Call/message us for more details: 403-681-0319 Welcome to your dream home! This spacious & meticulously designed residence has 9 ft ceilings on both the main floor & basement, creating an airy & inviting atmosphere throughout. As you step inside, you'll be greeted by a…

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