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

Consumer spending cools in Q2 as retail sales drop 1.8%

August 23, 2024 No Comments

The latest pullback in Canadian retail sales leaves the door open for another Bank of Canada rate cut on September 4.

Inflation eases further in July: Bank of Canada poised for rate cut

August 20, 2024 No Comments

Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

Canada’s economy remains resilient, but for how much longer?

July 31, 2024 No Comments

Even in the face of high interest rates and rising unemployment, the Canadian economy continues to demonstrate resilience.

Inflation report “all but guarantees” a Bank of Canada rate cut next week: economists

July 16, 2024 1 Comment

Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June.

Will rising unemployment hasten the Bank of Canada’s coming rate cuts?

July 5, 2024 No Comments

Canada’s labour market stumbled in June, with the unemployment rate rising to 6.4%, up from the previous month.

Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem

June 16, 2024 No Comments

Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly.

June rate cut still a “close call” despite lower inflation in April

May 21, 2024 1 Comment

Canada’s headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.

Canada jobs numbers spike and could delay rate cut: economists

May 10, 2024 No Comments

Canada added 90,000 jobs to the national economy in April, according to the latest figures from Statistics Canada, which may cause the Bank of Canada to postpone its first rate cut.

Rate cut odds steep following weak inflation data

Canada’s latest GDP figures may prompt Bank of Canada summer rate cut: Economists

April 30, 2024 No Comments

Canada’s quarterly gross domestic product edged up 0.2% in Febuary, according to Statistics Canada data published April 30, suggesting the Bank of Canada may have a reason to cut rates in the summer.

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.

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