David Valente Real Estate, North Vancouver, West Vancouver, Downtown Vancouver

Canadian Labour Force Survey and US Non-Farm Payrolls - February 3, 2012

A disappointing jobs report this morning showed that Canadian employment was virtually unchanged in January.  The Canadian unemployment rate ticked 0.1 points higher to 7.6 per cent.  Employment declined in BC by 2,200 jobs, but a larger decline in labour force participation pushed the provincial u ...

Canadian Monthly GDP Growth - January 31, 2012

The Canadian economy unexpectedly contracted 0.1 per cent in November following no growth in October. Economic growth was driven lower by a declining in output in the energy sector, partially due to maintenance shutdowns in the production of crude oil, but also on lower extraction volumes of natural gas. On a year-over-year ...

US Federal Reserve Interest Rate Announcement - January 25, 2012

The US Federal Reserve ushered in a new era of transparency today. Gone are the days of Fed-watchers carefully parsing press-release language for hints on the direction of interest rates. Instead, the Fed’s new communications strategy outlines not only the FOMC’s views on the economy, but also its forecast ...

Bank of Canada Interest Rate Decision - January 17, 2012

For the 11th consecutive meeting, the Bank of Canada opted to hold its target overnight rate at 1 per cent. In the statement accompanying the decision, the Bank noted that the global economic outlook is deteriorating, largely due to an expected deep and prolonged recession in Europe. While the Bank expects the Eur ...