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.

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.

Townhouses under construction are seen in Delta, B.C.

CMHC reports annual pace of housing starts slowed in March

April 15, 2025 No Comments

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

Canadians cutting spending, delaying purchases amid tariff turmoil: MNP survey

April 14, 2025 No Comments

A survey from insolvency firm MNP Ltd. suggests Canadians’ outlook for their personal finances has brightened even as they’ve taken steps to cut their expenses amid economic turmoil.

Building permits rise in February, but residential construction weakens

April 10, 2025 No Comments

Canada’s building permit activity picked up in February, rising 2.9% to $13.1 billion, according to new data from Statistics Canada.

Trump retreats from global tariff plan, but Canada gets no relief

April 9, 2025 No Comments

In a stunning about-face, U.S. President Donald Trump announced a 90-day suspension of his sweeping new “reciprocal” tariffs on most nations—but not on Canada.

FOMC minutes show Fed remains cautious on rate cuts amid inflation and tariff risks

April 9, 2025 No Comments

The Federal Reserve is in no hurry to cut interest rates, according to minutes from its March meeting. While economic growth remains solid and the labour market is holding up, policymakers expressed growing concern over persistent inflation and the potential impact of tariffs.

Confidence hits new lows as recession concerns mount in Canada

April 7, 2025 No Comments

With a third of Canadian businesses now expecting a recession in the next 12 months—up from just 15% in the last two quarters—economic unease is clearly on the rise.

Job losses, tariff fears push BoC rate cut odds to near 50%

April 6, 2025 No Comments

March’s surprise job losses—the first in three years—signal early signs of trade war impacts on the Canadian economy, raising the odds of an April rate cut to 50%.

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