Regular exercise can enhance cardiovascular health, even without significant weight loss. Harvard and Brigham and Women's Hospital studies found up to a 41% reduction in cardiovascular risk from moderate exercise.

This benefit isn't solely attributed to weight changes; only 10% was due to body mass index shifts. Blood biomarkers, blood pressure, and cholesterol improvements accounted for the majority of the risk reduction.

Notably, even light activity that burns 200–599 calories weekly decreased cardiovascular risk by 27%. The study shows that the heart benefits from exercise, which extend beyond the numbers on the scale.

It's great to write to you again. Every October, I'm immediately wrapped up in that cozy autumn vibe - the early sunsets, and the buzz of upcoming holidays. I can practically taste the Thanksgiving turkey!

I love this time of year because it’s the start of what I like to call the “slow, cooler days,” with the changing of the leaves and, for some of us, the whispers of snow. It’s the time when the environment gets rougher and life gets just a smidge more simple. It’s the time for family, close friends, quality time, and hearty food.

Embrace “the slow,” because we know it moves quicker than we think it will. Every year seems to get faster and faster, and this precious time of stillness is an opportunity to lean in, slow down, and just be.

Enjoy the start of the holiday season and enjoy the company of friends and family.

Sincerely,

Gino Pezzani

Your Real Estate Consultant 

Canadian real GDP was largely unchanged from the prior month in July, following a 0.2 per cent decrease in June. A decline in manufacturing activity (-1.5 per cent) pulled GDP downwards with lower inventory formation and the BC port strike as the major contributors. Meanwhile, as wildfires retreated in Eastern Canada, the mining and quarrying sector jumped 4.2 per cent. Offices of real estate agents and brokers fell 1.3 per cent, declining for the first time in 6 months. Overall, Canadian real GDP is now 3.6 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy edged up 0.1 per cent in August. 

July’s GDP number came in flat as anticipated, and although economic growth appears to be softening amid rising interest rates, the advanced estimate for August remains in weakly positive territory. The Bank of Canada held its overnight rate steady at 5 per cent in September, but last week’s inflation number was hotter than anticipated, causing financial markets to revise expectations. Markets now anticipate an additional rate hike before the end of the year. With the Canadian economy continuing to avoid recession, inflation at 4 per cent, and an unemployment rate still at a rather robust 5.5 per cent, an additional rate hike in October seems likely. However, the Bank will be paying close attention to CPI and employment data before the announcement on the 25th. 

Link: https://mailchi.mp/bcrea/canadian-real-gdp-growth-july-2023

For more information, please contact: Gino Pezzani.