Ottawa, ON, July 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in June 2016.

Highlights:

• National home sales fell 0.9% from May to June.
• Actual (not seasonally adjusted) activity came in 5.2% above June 2015.
• The number of newly listed homes ros ...

The Bank of Canada announced on July 13^th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent.

The announcement repeated many of the themes from its announcements and Monetary Policy Reports (MPRs) published in late 2015 and early 2016. Chief among these themes is how the Bank is still counting ...