In its Fall Economic Statement, Canada pledged to bring spending under control, while at the same time announcing initiatives to ease the shortage of housing. … READ MORE >
Bank of Canada
Canada sees disinflation as gasoline prices ease
Inflation fell to 3.1% on a year-over-year basis, according to Statistics Canada on Tuesday. On a monthly basis, prices fell by 0.1%. … READ MORE >
Canada’s unemployment rate rises to 5.7% as hiring slows
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 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 >