December 23, 2019 Central 1 News Interest Rate Forecast • Market uncertainty falls with trade deals and Brexit outcome • Early signs of better global economy ahead • Bank of Canada on hold through 2020 • Canada's bond yield curve to turn positive B.C. Economic Briefing • B.C. retail sales set for weakest annual performance since 2009 • Buyers returning to the housing market in Metro Vancouver • Pace of hiring growth moderates; employees continue to enjoy pay hikes • Manufacturing sales slumped in October due to weak forestry sector • B.C. leads population growth charge Ontario Economic Briefing • Tight housing market lifted average home price by 1.0 per cent in November • Weaker durable and non-durable sales pulled down total sales by 3.1 per cent in October • Inflation came in at 1.9 per cent in November • Strong hiring in the services-sector boosts overall non-farm payroll hiring in Ontario • Ontario's population increased 1.8 per cent year-over-year by the start of the fourth quarter 2019 • Retail sales fell by 2.0 per cent in October Please note The Hub will be on a holiday hiatus from December 24 - January 3. From all of us at Central 1, we wish you Happy Holidays! |
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