Canada’s labor market has eroded fast since the glory days of the pandemic, and it may get worse soon. Statistics Canada (Stat Can) data shows the job vacancy rate for February came in at nearly half its peak rate just a few years ago. BMO Capital Markets warned investors this problem is combining with elevated […]
Canadians looking to confirm that Americans obliterated our job market… won’t find this morning’s payroll data very helpful. Statistics Canada (Stat Can) data released this morning, shows the country added tens of thousands of payroll jobs in February. That doesn’t quite match the Trade War-obliterated wasteland narrative we’ve been hearing about. Looking at the unadjusted […]
Canadian politicians are promising to build millions of homes—an unrealistic plan not grounded in reality. The good news is the country doesn’t need millions of homes to correct the housing shortage, according to BMO Capital Markets. In a new report, the Big Six bank argues that decades of underbuilding is a myth, and the issue […]
Canada has a modest but powerful value proposition—regardless of race or creed, a person’s hard work is rewarded with social mobility. The Government of Canada (GoC) think tank Policy Horizons is warning that the proposition is disappearing, and may be a distant memory in less than two decades. In a report from the agency, they […]
Canada’s politicians spent billions in taxpayer resources to stimulate new homebuilding, and the exact opposite is happening. Canada Mortgage and Housing Corporation (CMHC) data shows a sharp decline in housing starts for March. The problem is easy to attribute to tariffs, but it wouldn’t make sense in this context—especially as provinces like Alberta continue to […]
Canada is facing much smaller tariffs than initially proposed, but unfortunately the problems are getting bigger. A new report from Oxford Economics sees the country plunging into a recession deeper than previously anticipated. Despite softening tariff threats, economic uncertainty will reduce consumption and investment, ultimately producing higher unemployment and even briefly producing disinflation. Canadian GDP […]
Despite being upside down, Australia shares a lot of similarities with Canada (besides Monarchs). A new analysis from BMO looks at those similarities, especially around population and inflation, highlighting the fact Canada’s economic drag is much more complicated than just population growth. The bank only walks us to the point of divergence, the Global Financial […]
Canada’s central bank did something it hasn’t done in a while—nothing. The Bank of Canada (BoC) held its key policy rate at this morning’s monetary policy announcement. It was the first time in a year that rates weren’t slashed, and follows the most aggressive easing cycle since the Global Financial Crisis. The BoC held primarily […]
Canadian real estate demand is nearing historic weakness but it doesn’t appear buyers have noticed. Canadian Real Estate Association (CREA) data shows home prices inched higher in March, hitting a multi-month high. At the same time the market has seen sales fall to the lowest level in over a decade, while inventory climbed and pushed […]
Canada has never embraced economic inequality to the extent it has over the past few years. Statistics Canada (Stat Can) data shows the household income gap continued to widen in 2024. A result of policies that favor one group at the expense of another, the income gap indicates rising household inequality. Rising income inequality has […]
