The Bank of Canada announced a 100-basis-point rate hike on Wednesday, the largest increase since 1998, in an attempt to restore price stability. … READ MORE >
Canada
Canada’s unemployment rate hits record low, even as economy sheds jobs
Bucking a trend of continuous job gains since January, Canada lost 43,000 jobs in June as the unemployment rate hit another record low of 4.9%. … READ MORE >
As rates rise, Canada’s construction industry enters a new phase
One of the industries hit hardest by rising interest rates has been construction, and this slowdown now threatens to make Canada’s housing shortage more acute. But there are opportunities for savvy developers. … READ MORE >
Canada’s unemployment rate falls to 5.1%, another record low
Canada’s labour market remained tight in May, adding 40,000 jobs as the unemployment rate fell to 5.1%, another record low. … READ MORE >
Bank of Canada raises interest rate to 1.5% to tame inflation
The Bank of Canada announced another 50-basis-point rate hike on Wednesday while it continued to shrink its balance sheet, another aggressive step in its campaign to tame inflation. … READ MORE >
Canada’s economy cools but outlook remains positive
Canada’s GDP grew 3.1% in the first quarter of 2022 as business investment and household consumption continued to boom while energy exports dragged, according to data released by Statistics Canada on Tuesday. The figure was in line with the Bank of Canada’s forecast but noticeably under market expectations. While COVID-19 … … READ MORE >
Rising inflation eases but Canada’s housing remains a concern
While the overall inflation has slowed, hinting at a possible peak in the next few months, the cost of basic necessities like food, housing and gasoline continues to rise. … READ MORE >
Canada’s unemployment rate falls amid a chronic worker shortage
Canada added 15,000 jobs in April and the unemployment rate fell slightly to 5.2% as the job market remained heated, according to data released by Statistics Canada on Friday. … READ MORE >
Canada’s economy continues to show resilient growth
As the number of COVID-19 cases dropped and public health restrictions eased, Canada’s economy grew 1.1% in February, its largest increase in a year and a sign of resilience, according to data released by Statistics Canada on Friday. … READ MORE >
Canada’s supply chain takes a downturn as fuel prices climb
The RSM Canada Supply Chain Index dropped to 2.25 standard deviations below normal in March, a slight downturn from February. … READ MORE >