Canada cannot solve its chronic shortage of workers through natural growth. It needs a policy of robust immigration. … READ MORE >
Canada
Inflation eases amid falling gasoline prices
After a year of consecutive increases, inflation has finally begun to ease, hitting 7.6% on a year-over-year in July amid declining gasoline prices. Compared to June, inflation went up by a modest 0.1%. Nonetheless, most measures of core inflation increased, which means inflation remains pervasive across all aspects of life and not just concentrated in a few categories such as gasoline and food. … READ MORE >
Canada’s jobs fall in July as unemployment rate remains steady
Canada’s economy shed 31,000 jobs in July while the unemployment rate remained at a historic low of 4.9%, confirming what the strong gross domestic product numbers have been showing: The economy is not in recession. … READ MORE >
Canada’s GDP steady as spending on services remained strong in May
Friday’s data for Canada comes just a day after reports that the U.S. economy recorded its second consecutive quarter of negative GDP growth, … READ MORE >
RSM Canada Supply Chain Index turns positive amid slowing economy
The RSM Canada Supply Chain Index turned positive for the first time since February 2020. … READ MORE >
Canada inflation hits 8.1% but shows signs of softening
Inflation reached 8.1% in June in Canada, the highest since January 1983, although the pace of the increase eased compared to previous months. … READ MORE >
Canadian housing starts fall slightly in a sign of possible cooling
Housing starts in Canada fell to 273,800 in May, a 3% drop from April. … READ MORE >
Bank of Canada raises its policy rate by 1% to tame inflation
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’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 >