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
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 >
Canadian economy grew more than expected in November
The Canadian economy expanded in November by 0.2% on a month-over-month basis, slightly exceeding expectations after staying flat for three months. … READ MORE >
The case for the Bank of Canada to accelerate rate cuts
With restrictive financial conditions, high interest rates and still-elevated inflation, the Canadian economy has come to a standstill and is now at a tipping point. … READ MORE >
Canada failed to add jobs in December
Canada lost 23,500 full-time jobs in December, replaced by a gain of 23,600 part-time positions. … READ MORE >
Inflation in Canada stayed steady at 3.1%
Food and housing remain primary drivers of inflation. On a year-over-year basis, mortgage interest costs spiked by a whopping 29.7%—the largest contributor to inflation. … READ MORE >
Bank of Canada holds at 5% as excess demand is stomped out
With the economy having contracted in the third quarter, the Bank of Canada on Wednesday shifted its tone on monetary policy from hawkish to neutral as it held its policy rate steady at 5 per cent. … READ MORE >
Canada’s unemployment rises to 5.8%, adding to case for rate cuts
Together with the weak third-quarter gross domestic product report on Thursday, November’s jobs data shifts the Bank of Canada’s focus from rate hikes to rate cuts. … READ MORE >