statcan Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada interest rate forecasts 2

Bank of Canada’s March rate cut odds drop to 30% after latest inflation data

February 18, 2025 No Comments

Canada’s inflation report for January has led to a sharp decline in the chances of the Bank of Canada cutting rates in March.

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

February 17, 2025 No Comments

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

Building permits hit highest level since 2017

February 11, 2025 No Comments

Canada’s construction sector ended 2024 on a high note, with the total value of building permits surging 11% in December to $13.1 billion, according to the latest data from Statistics Canada.

November GDP falls short of expectations, marking largest decline since December 2023

January 31, 2025 No Comments

Canada’s real GDP fell 0.2% in November, the largest monthly decline since December 2023, according to Statistics Canada.

Economists weigh in on BoC rate cut chances after inflation drop

January 21, 2025 No Comments

Canada’s inflation rate eased to 1.8% in December, increasing the likelihood of a Bank of Canada rate cut this month, according to economists.

Statistics Canada reports real GDP grew 0.3% in October

December 23, 2024 1 Comment

Statistics Canada says the economy grew 0.3% in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2% increase in September.

Retail sales in Canada see modest gains in Q3, but too soon to celebrate, economists say

November 22, 2024 No Comments

Retail sales in Canada increased 0.4% to $66.9 billion in September, contributing to a 0.9% growth for the third quarter, Statistics Canada reported.

Large GDP revisions from StatCan raise questions about past federal spending and monetary policy

November 17, 2024 No Comments

Canada’s economic data is under increasing scrutiny following recent GDP revisions, which raised growth figures by a cumulative 1.3 percentage points from 2021 to 2023, sparking concerns among experts.

StatCan latest wealth survey shows stark disparity between homeowners, renters

October 29, 2024 No Comments

Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families.

Canada’s unemployment rate surges in wake of strong population growth

April 5, 2024 1 Comment

Canada’s unemployment rate surged to 6.1% in March, driven largely to population gains outpacing job growth.

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