While Canada has added more than 300,000 jobs over the past year, the working age population has grown by more than a million, resulting an inevitable rise in the unemployment rate. … READ MORE >
Canada
In global shift to renewable energy, Canada risks being left behind
A low carbon economy will lower costs for businesses and nullify the need for the consumers’ carbon rebates, making it a winning equation for the government, businesses and consumers. … READ MORE >
How Legos can offer a lesson in addressing Canada’s housing crunch
Canada’s housing supply has faced chronic shortages in recent years. Prefabricated construction could help lower costs, speed construction and improve affordability. … READ MORE >
February’s inflation in Canada makes case for rate cuts
Canada’s consumer price index fell to 2.8% February, marking the second consecutive month of easing inflation and bolstering the case for the Bank of Canada to cut rates in June. … READ MORE >
Canada’s jobs report offers mixed messages on rates
The economy added 40,700 jobs, exceeding expectations and a sign of remaining steam that could keep the economy afloat for a few more months. … READ MORE >
Bank of Canada maintains interest rate at 5%
The Bank of Canada kept its policy rate unchanged at 5% for the fifth time in a row as it continued to wait for inflation to further moderate. … READ MORE >
Canadian economy grew by 1%, ending 2023 on a positive note
The Canadian economy seems to have bottomed out and be on the rebound, growing by 0.2% in the fourth quarter of last year and by 1% on an annualized basis, exceeding expectations. … READ MORE >
Canada’s inflation excluding shelter hit target in January
Canada’s consumer price index dropped to 2.9% in January, led by lower year-over-year figures in gasoline prices. On a monthly basis, prices stayed flat. … READ MORE >
Canada’s job market exceeded expectations in January, adding 37,000 jobs
Nearly two years into a cycle of steep interest rate increases and after half a year with the policy rate at 5%, the economy added 37,000 jobs in January, far exceeding expectations. … READ MORE >
Canada financial conditions update: Stabilization and recovery
Canada’s financial conditions remain underwater for now, signaling slow growth in the first and second quarters of the year after a contraction last year in the third and fourth quarters. … READ MORE >