Toronto’s population boom has led to rapid growth of its talent pool—but can they find work? Statistics Canada (Stat Can) data shows Toronto’s unemployment rate rose significantly faster than the national rate in February. The city’s unemployed population has grown to hundreds of thousands of people, with annual growth rising 11x the rate of its […]
What does Canada have in common with two of the world’s most restrictive regimes? The state of its population’s mental health. Sapien Labs has released its fourth annual Mental State of the World rankings, and things are stagnating. Post-pandemic, English speaking countries saw their score dive. Initially researchers believed this would be a temporary phase, […]
Ontario may have been locked down, but a company connected to the province’s top politician was busy at work. In December 2020, CoStar reported a company connected to Premier Doug Ford sold 85 Vulcan St., an industrial property in West Toronto. The deal didn’t gain any media attention outside of the commercial real estate platform, […]
Canadian policymakers are scrambling to make daily announcements of helicopter cash to stimulate building, but it may have the opposite effect. Statistics Canada (Stat Can) data shows building permit application values slightly increased in January. However most of the gain was lost to inflation, especially when it came to new housing—a segment that showed nearly […]
Canada’s economy went from mass shortages to excess in roughly zero-to-five. The Bank of Canada (BoC) announced a widely expected hold for its key interest rate this morning. There are encouraging signs when it comes to moderating inflation, and in their opinion more time at these levels will help bring it back to their target […]
Canadian businesses aren’t just increasingly closing up shop, but they’re facing debt problems too. Office of The Superintendent of Bankruptcies (OSB) data shows business insolvencies surged in January. A combination of a slowing economy, rising input costs, soaring debt, and end of pandemic assistance has led to the biggest month for business insolvencies in nearly […]
Canadian households are struggling to manage their astronomical debt loans. That’s the warning from credit rating agency Equifax Canada, who noted a surge in both mortgage and non-mortgage credit delinquencies in Q4 2023. The issue is emphasized in pricey BC and Ontario, especially when it comes to young adults. Canadian Mortgage Delinquency Rates Are Climbing […]
The Canadian economy is weakening but not enough to cut rates. That was the takeaway in a new National Bank of Canada Financial (NBF) report. The bank’s chief rate strategist still sees the country’s economy weakening, but it’s recently provided just enough positive data to convince the Bank of Canada (BoC) hold off on any […]
Canadians are suddenly big savers while Americans are spending like drunken sailors on pay day. On the surface, that sounds like good news for Canada but it’s traditionally a sign of growing consumer hesitance, slowing the economy. At the same time, the resilient American consumer is leaning into further consumption, pushing their economy to defy […]
Canada’s economy is proving to be more resilient than virtually all analysts had anticipated. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) climbed in Q4, driving annual growth into positive territory. Accompanying the gain was an upward revision to the previous quarter’s decline, revealing an economy that may struggle with growth but […]
