Canada’s subdued economic activity and the drop in inflation despite ongoing tariffs imply that the Bank of Canada could cut interest rates again this year. … READ MORE >
Canada
Bank of Canada cuts interest rate to 2.5% amid economic, labour challenges
The Bank of Canada cut its key interest rate to 2.5 per cent as a slowing economy and rising unemployment likely contributed to the unexpected policy action. … READ MORE >
Canada’s economy in sore need of an interest rate cut as job losses mount
Canada’s economy lost jobs in back-to-back months for the first time since 2021, pushing the odds of an interest rate cut this month significantly higher. … READ MORE >
Back-to-house shopping: Canadian market picks up as buyers act early
Canadian consumers are adjusting their spending habits amid uncertainty, with early activity observed in both retail and housing markets. This early movement is driven by expectations of future cost increases and interest rate cuts, alongside government support measures, signaling a potentially stronger housing market in the fall. … READ MORE >
Bank of Canada holds interest rate amid economic resilience, trade tensions
The Bank of Canada held its key interest rate at 2.75 per cent amid Canada’s overall economic resilience and ongoing trade tensions with the U.S. … READ MORE >
Ontario and B.C. home prices fall—but it won’t last long
Ontario and B.C. home prices are down and sales are expected to slip further, meaning buyers can catch the market off-balance now before it’s set to rebound. … READ MORE >
Canada home buyers have leverage again—but not for long
RBC recently reported that housing affordability in Canada is the best it has been in three years—an improvement, but still a long way from where it needs to be. … READ MORE >
Canada’s consumer price index steady due to cooling housing market
Canada’s consumer price index rose 1.7 per cent in May thanks to a more balanced housing market and smaller increases in travel prices. … READ MORE >
Market Minute: Canada’s trade outlook not as bleak as feared
While uncertainty plagues Canada’s trade outlook, a relatively low U.S. effective tariff rate means things might not be as bleak as they seemed back in March. … READ MORE >
Canada embraces AI with new federal minister, but are businesses as eager?
Canada’s new AI minister is an encouraging sign for businesses already implementing an AI-focused digital strategy—and could potentially spur reticent companies to ramp up AI integration efforts. … READ MORE >