The Canadian economy added 18,000 jobs in October, down from a gain of 63,800 in September, as the unemployment rate rose by 0.2% to 5.7%. … READ MORE >
Bank of Canada
Bank of Canada holds at 5% as growth outlook softens
The Bank of Canada held its overnight rate at 5% on Wednesday and will continue its policy of quantitative tightening. … READ MORE >
Canada’s inflation had broad-based deceleration in September
Canada’s headline inflation rate declined to 3.8% in September from 4.0% in August, reversing the upward trend of the past three months and offering good news to households and the Bank of Canada. … READ MORE >
Amid Canada’s housing crunch, some move in with other generations
The multigenerational trend is being driven in no small part by necessity as younger buyers and new arrivals to Canada search for a place to live. … READ MORE >
Canada has an acute shortage of housing. Easing regulations would help solve that.
Canada’s housing crisis keeps getting worse. The latest Housing Supply Report by the Canada Mortgage and Housing Corporation concluded that the level of new construction is too low to address the long-term housing supply gap. The housing supply grew by only 1% in the first half of this year, according … … READ MORE >
Canada’s job market remains resilient, adding 64,000 jobs
The Canadian economy remained resilient in September, adding 64,000 jobs as the unemployment rate was unchanged at 5.5%. … READ MORE >
Canada’s economy was unchanged in July
Friday’s data is in line with the Bank of Canada’s goal of cooling the economy and is a signal to the central bank that no further rate hikes are needed. … READ MORE >
Canada inflation surges 4%, exceeding forecasts
Canada’s Consumer Price Index increased by 4% on an annual basis in August, far exceeding the central bank’s 2% target. … READ MORE >
Soft landing likely as Canada added 40,000 jobs in August
A look at August’s job report reveals clear signs of a soft landing. Canada added 40,000 jobs, smashing expectations, and offset the modest loss in July many times over. The unemployment rate was unchanged at 5.5%. Immigration has played a vital part in keeping the economy buoyant as job growth was led by population growth. … READ MORE >
Bank of Canada holds rates steady amid a cooling economy
The central bank’s decision to keep rates steady also suggested that its campaign of rate increases might be over, rendering a rate peak of 5%. … READ MORE >