Canadian politicians chased immigration so much they completely missed the surge of citizens leaving. Statistics Canada (Stat Can) data shows emigration, the act of a citizen or permanent resident leaving for good, accelerated in Q4 2024. The move was part of a recent trend that saw the highest volume of Canadians fleeing the country since […]
Canada’s population just had its slowest quarter since people were physically restricted from moving here. Statistics Canada (Stat Can) data shows a sharp slowdown for population growth estimates in Q1 2025. The slowdown is intentional as the country walks back recent growth that saw non-permanent residents represent 1 in 14 people in the country, double […]
Canadians are returning from their tax holiday to find inflation trashed the place while they were gone. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) surged in February. An uptick was already expected due to temporary suppression from the tax holidays, but broad inflation has now appeared. The rate was already set […]
Canadian home price growth continues to accelerate despite further demand erosion. Canadian Real Estate Association (CREA) data shows home prices jumped in February. The increase was accompanied by sales making the sharpest drop in years—easing inventory pressures even further. That’s not how this traditionally works. Canadian Real Estate Prices Made Sizable Gains Last Month The […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Rate Cut Is Driving Mortgage Costs Higher Canadians looking forward to cheaper debt from mortgages may be a little disappointed. Earlier this week, the Bank of Canada (BoC) slashed its key policy rate by 0.25 points to 2.75%, hoping […]
Canadian mortgage borrowers waiting on the central bank may be disappointed by its latest move. The Bank of Canada (BoC) cut its overnight rate by 0.25 points to 2.75% on Tuesday. Many professionals applauded the decision, believing it would improve mortgage affordability. Unfortunately, that may not be the case, as the decision boosted inflation expectations […]
Canadian household debt has been showing big improvements. A combination of rate hikes that slowed borrowing, and recent rate cuts are delivering repayment relief. Before popping that bottle of HELOC-finance champagne, this may be the calm before the storm, warns BMO. Several economic headwinds, primarily the trade war, are set to hit households. The central […]
Canadian households may feel economic uncertainty, but the good news keeps rolling in. Statistics Canada (Stat Can) data shows that household net worth made a big jump in Q4 2024. In fact, every quarter in 2024 saw households gain more wealth as higher rates suppressed debt while wealth growth advanced. Unfortunately, it wasn’t a win […]
The Canadian economy has outperformed the central bank’s expectations for months now. That didn’t stop the Bank of Canada (BoC) from slashing the overnight rate by 0.25 points to 2.75% this morning. Since this easing cycle began 9 months ago, the key policy rate has been reduced by 2.25 points, making it one of the […]
Canada’s last job report didn’t have a frenzy of good news, but there was one highlight—wage growth. That was the take from BMO Capital Markets, who wrote to investors this morning about the substantial wage growth in February. Even with inflation set to rise and erode some of that growth, workers saw their weekly pay […]
