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.

Oxford warns of Canadian recession, says immigration slowdown and tariffs to blame

May 16, 2025 1 Comment

Oxford Economics now sees a Canadian recession as all but certain, citing a mix of global trade shocks, waning business investment and a slowdown in immigration.

Big drop in commercial projects drags down March building permits

May 14, 2025 No Comments

The value of building permits in Canada fell 4.1% in March to $12.9 billion, pulled down entirely by a steep decline in non-residential construction, according to new data from Statistics Canada.

U.S. inflation cools in April, fuelling expectations of Fed easing later this year

May 13, 2025 No Comments

U.S. inflation unexpectedly cooled in April, reinforcing expectations that the Federal Reserve could continue cutting rates later this year.

This week’s economic calendar: Housing data, BoC survey, and more

May 11, 2025 No Comments

This week brings a few key Canadian economic releases that will shed light on housing, lending conditions, and overall economic momentum.

Rising unemployment rate and weak job gains point to June Bank of Canada rate cut

May 9, 2025 No Comments

Following a steep March decline, modest job growth in April suggests tariff impacts are weighing on Canada’s economy, raising the odds of a 25 bps rate cut in June.

U.S. job growth defies expectations again, but tariff risks lurk

May 2, 2025 No Comments

U.S. job growth beat expectations for the second consecutive month, but economists warn the effects of reciprocal tariffs are still to come.

Canada’s GDP contracts in February, with more headwinds ahead

April 30, 2025 No Comments

Canada’s GDP started 2025 on a strong note, but February brought a sharp pullback, with growing tariff risks and ongoing uncertainty continuing to cloud the Bank of Canada’s policy outlook.

Dip in February retail sales strengthens case for another BoC rate cut

April 25, 2025 No Comments

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

Canada now expected to face deeper recession, Oxford warns

April 22, 2025 No Comments

Weaker global demand, trade war uncertainty and job losses expected to drag economy into contraction through 2026.

Inflation eases to 2.3%, but BoC still faces tough call on rates

April 15, 2025 No Comments

Inflation cooled more than expected in March, but persistently elevated core measures may keep the Bank of Canada on hold.

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