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Montreal market reaches record highs for April performance – report

Latest data from the Greater Montreal Real Estate Board (GMREB) showed that the city’s residential real estate market has achieved its highest April monthly activity level in several years. Culling data from real estate brokers’ Centris® provincial database, a total of 4,798 residential property deals transpired in April 2017, representing a 1 % year-over-year increase…. Read more

Bank of Canada governor says economic forecasting can be improved at speech in Edmonton

Bank of Canada governor says economic forecasting can be improved at speech in Edmonton

Canada’s top banker says the central bank’s approach to inflation targets has been working reasonably well, but there are gaps that could be addressed with the development of new computer economic models. Bank of Canada governor Stephen Poloz said the bank has been pursuing inflation targets for 25 years, and the average rate of inflation… Read more