Canada’s Consumer Price Index increased by 4% on an annual basis in August, far exceeding the central bank’s 2% target. … READ MORE >
Soft landing likely as Canada added 40,000 jobs in August
A look at August’s job report reveals clear signs of a soft landing. Canada added 40,000 jobs, smashing expectations, and offset the modest loss in July many times over. The unemployment rate was unchanged at 5.5%. Immigration has played a vital part in keeping the economy buoyant as job growth was led by population growth. … READ MORE >
Bank of Canada holds rates steady amid a cooling economy
The central bank’s decision to keep rates steady also suggested that its campaign of rate increases might be over, rendering a rate peak of 5%. … READ MORE >
Canada’s economy contracts as higher interest rates take a toll
Gross domestic product fell by 0.2% in the second quarter, according to data released by Statistics Canada on Friday. On a monthly basis, GDP fell by 0.2% in June after a 0.2% increase in May. … READ MORE >
Canada welcomes immigrants, but their skills are underused
While Canada is attracting immigrants, it struggles to make use of their skills, leaving much unrealized potential on the table. … READ MORE >
Canada retail sales edge higher, bolstered by car purchases
Retail sales in Canada climbed by 0.1% to $65.9 billion in June, with all of the gain attributed to higher sales of motor vehicles and parts. … READ MORE >
Canadian inflation ticks up but underlying data may bode well for interest rates
Canada’s July inflation figures are a somber reminder that the road back to 2% will take time and patience. … READ MORE >
Canadian economic outlook: Defying expectations
In our updated economic forecast, we have downgraded the probability of a recession in Canada over the next 12 months to 60%, from 75%. … READ MORE >
Canada’s job market slows as unemployment rate hits 5.5%
Canada’s unemployment rate rose to 5.5%, the third consecutive increase for the first time since March 2020, the onset of the pandemic. … READ MORE >
Canada inflation remains elevated amid high gas prices
Canada’s consumer price index in October rose by 6.9% on a year-over-year basis, matching September’s increase. … READ MORE >