Canada’s labour market added 22,000 jobs in August, with gains mainly in part-time positions. The unemployment rate rose to 6.6%, the highest non-pandemic level since May 2017, due to strong population and labour force growth. This report underscores growing economic slack and raises questions about the Bank of Canada’s policy decisions and the pace of rate cuts. Read the full analysis in this week’s Market Monitor: https://ow.ly/krYy50TlnLs
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CMI’s Cynthia Clark and John Walsh are enjoying a beautiful day of golf with Rock Capital and our amazing broker partners! Drop by and say hi! #johnwalsh #cynthiaclark #rockcapital
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Pro and Cons of 50 bp cut Bill Dudley, the former president of the New York Fed lays out the arguments for and against a 50-basis point cut this week. See the Bloomberg Opinion article below. #FederalReserve
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Food insecurity touches the lives of more than 2 million Ontarians, including 1 in 5 children. That’s why CMI is donating 50,000 meals to @FeedOntario in support of Hunger Action Month. Let’s work together to address food insecurity and support our communities. Learn more here: Ontario Food Banks for Ending Hunger & Poverty | Feed Ontario💛#HungerRelief #FeedOntario #CMIGivesBack Main page if you like: https://feedontario.ca/ or tag us in the posts @FeedOntario
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No one should go hungry. This Hunger Action Month, CMI is proud to donate 50,000 meals to @FeedOntario, helping fight food insecurity across the province. Together, we can make a real impact. Learn more here: Ontario Food Banks for Ending Hunger & Poverty | Feed Ontario #FeedOntario #HungerActionMonth #CMIGivesBack Main page if you like: https://feedontario.ca/ or tag us in the posts @FeedOntario
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Are your clients feeling overwhelmed at the thought of their upcoming mortgage renewal? Don’t worry! Our latest blog post provides essential tips to help you guide anxious clients through the process. From understanding potential rate changes to exploring refinancing options, we’ve got the insights you need to ease their worries and ensure a smooth transition. https://ow.ly/TZi050Tn4iO
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Youth Unemployment Rate – The Link to Non-Permanent Residents Desjardins has a useful perspective on youth unemployment. Their analysis indicates that non-permanent residents (NPRs) have been a primary driver of the rise in youth unemployment. Over half of the NPRs admitted to Canada in the last years were under the age of 25 years. Desjardins suggests that if the government is successful in reducing the number of NPRs then the upward pressure on youth unemployment should diminish. #youthunemployment, #non-permanentresidents
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The federal government has announced plans to lease government-owned land to developers for affordable housing. While the plan seems promising at first glance, a closer look reveals that it is largely a repackaging of existing initiatives – an approach unlikely to deliver the affordable housing the country urgently needs. In our latest Housing Affordability Watch, we explore the crucial steps the government must take to make meaningful progress on affordable housing development https://ow.ly/oHol50TmjHF
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What a great day sharing ideas and client-focused solutions at the Mortgage Alliance Fall Rally. #mortgages #privatemortgages #privatelending
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