statistics Canada GDP Archives - Mortgage Rates & Mortgage Broker News in Canada

Q4 economic growth surges, but tariffs may sway BoC’s next move

February 28, 2025 No Comments

Canada’s economy outperformed expectations to close out 2024, but economists say the Bank of Canada’s next move will likely hinge more on tariff risks than on last quarter’s growth.

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.

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.

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.

Soft GDP figures point to a BoC rate cut next week, but uncertainty remains

May 31, 2024 No Comments

Canada’s economy slowed more than expected in the first quarter, raising the odds of an interest rate cut next week by the Bank of Canada, economists say.

What the latest GDP figures mean for the Bank of Canada’s rate cut timing

March 28, 2024 No Comments

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.

Bank of Canada’s rate-cut timing uncertain as economic growth beats expectations

January 31, 2024 No Comments

Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, economists say.

Recession talk gets louder as economic growth flatlines for second straight month

October 31, 2023 No Comments

Canada’s economic growth has flatlined for the second straight month, and has now undershot expectations for the past five months.

Canada’s economy now “struggling” under the weight of high interest rates

September 29, 2023 No Comments

Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results.

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

statistics Canada GDP