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 >
Tu Nguyen
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 >
Bank of Canada holds rates steady at 5% amid weak growth
the Bank of Canada on Wednesday maintained its policy rate at 5 per cent and continued its restrictive monetary policies. At the same time, though, its public statements signed a more dovish tone. … READ MORE >
Canada’s inflation accelerated to 3.4% in December
December’s CPI increase is likely a blip in the path toward price stability as the overall rate heads to a range to below 3% soon. … 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 >
Canada’s economy contracted more than expected, suggesting a pivot on rates
Canada’s gross domestic product declined by 0.3 per cent in the third quarter and by 1.1 per cent on an annualized basis. … READ MORE >
As Canada pledges to restrain spending, it confronts a housing crisis
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 >