Economic news

Dive into crucial updates on Canada’s economic health. Featuring timely reports and indicators from official sources, this section keeps you informed on the metrics that matter most.

Inflation expected to ease to 2.1%, lowest level since March 2021: economists

September 15, 2024 No Comments

Economists anticipate that Canada’s annual inflation rate in August fell to its lowest level since March 2021.

Consumer spending cools in Q2 as retail sales drop 1.8%

August 23, 2024 No Comments

The latest pullback in Canadian retail sales leaves the door open for another Bank of Canada rate cut on September 4.

Inflation eases further in July: Bank of Canada poised for rate cut

August 20, 2024 No Comments

Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

CMHC says annual pace of housing starts in July up 16% from June

August 19, 2024 No Comments

The annual pace of housing starts in July climbed 16% compared with June as starts of multi-unit projects shot higher for the month, Canada Mortgage and Housing Corp. says.

Is Canada in recession? Economists weigh in on the economic slowdown

August 15, 2024 2 Comments

Despite rising unemployment and a slowdown in per-capita GDP growth, most economists are not forecasting a major downturn for the Canadian economy

Canada’s economy remains resilient, but for how much longer?

July 31, 2024 No Comments

Even in the face of high interest rates and rising unemployment, the Canadian economy continues to demonstrate resilience.

Bank of Canada rate cut grows more likely as retail sales slump

July 19, 2024 No Comments

Retail sales dropped in May as Canadians cut back on spending, with early estimates suggesting the decline continued into June.

Inflation report “all but guarantees” a Bank of Canada rate cut next week: economists

July 16, 2024 1 Comment

Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June.

CMHC says annual pace of housing starts in June down 9% from May

July 16, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell 9% compared with May.

U.S. inflation eased in June: Good news for Canadian mortgage shoppers

July 11, 2024 No Comments

U.S. financial markets got a boost today with a lower-than-expected inflation reading, marking the lowest level since May 2020.

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