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.

Retail sales fall 0.6% in January as holiday bump fades and tariff concerns grow

March 21, 2025 No Comments

After a strong surge in holiday shopping, Canadian consumers eased off the spending pedal in January as economic headwinds—including ongoing tariff uncertainty—tempered demand.

Inflation still too hot for the BoC to cut rates further: Scotiabank

March 20, 2025 No Comments

Scotiabank Economics is warning that inflation remains too persistent for the Bank of Canada to continue cutting rates.

Foreign investors dump U.S. stocks, pour billions into Canadian bonds

March 18, 2025 No Comments

Canada saw a major inflow of foreign capital in January 2025, driven by a surge in bond investments, as global investors reacted to U.S. trade policies.

Inflation jumps to 2.6%, complicating the BoC’s April rate cut decision amid tariff uncertainty

March 18, 2025 No Comments

Canada’s headline inflation surged to 2.6% year-over-year in February, a sharp jump from January’s 1.9% and higher than economists had expected.

CMHC reports seasonally adjusted rate of housing starts slowed in February

March 17, 2025 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed 4% compared with January.

Five things to watch for in the Canadian business world in the coming week

March 16, 2025 No Comments

Five things to watch for in the Canadian business world in the coming week:

Canadian household net worth climbs as assets gain, but debt levels also rising

March 13, 2025 No Comments

Canadian households saw their net worth grow by $236.3 billion (+1.4%) in the fourth quarter of 2024, pushing total household wealth to $17.5 trillion, according to Statistics Canada.

Canadian building permit values fell 3.2% in January

March 13, 2025 No Comments

The total value of building permits issued in Canada fell 3.2% in January, reaching $12.8 billion, according to Statistics Canada. The decline was mostly due to a drop in residential construction plans.

Ontario backs down on electricity surcharge after Trump threatens 50% tariffs

March 11, 2025 1 Comment

Ontario has backed away from its controversial 25% surcharge on electricity exports to the U.S., following sharp warnings from the White House about substantial retaliatory tariffs.