economic data Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

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.

This week’s economic watchlist: CPI, home sales and the Bank of Canada

April 13, 2025 No Comments

It’s set to be an important week for Canada’s economy, with key data on inflation, housing and consumer spending arriving just ahead of the Bank of Canada’s latest interest rate decision.

Strong GDP growth in January may be short-lived as tariff threats loom

March 28, 2025 No Comments

Canada’s economy kicked off 2025 with stronger-than-expected growth, but that momentum may soon stall as looming tariffs threaten to derail the recovery.

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.

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.

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