Canada’s job market showed surprising growth last month, according to Statistics Canada (StatCan). The agency’s latest Labour Force Survey (LFS) shows employment climbed sharply in October, marking a second consecutive month of growth. Employment was so strong that multiple jobholders surged, and seniors—who typically face hurdles to new employment—represented over 1 in 3 workers who […]
The Government of Canada (GoC) surprised investors this week with a budget that pairs soaring deficits with minimal new borrowing. If that sounds off, it is. Budget 2025 relies heavily on financial engineering, with a significant portion of its funding already issued—it’s November 2025, remember? Banks warn bond issuance is set to soar within months, […]
Canadians earned less last year—but not across the board. New taxfiler data from Statistics Canada (StatCan) shows the country’s top earners barely budged in 2023, even as most earners saw their income eroded by inflation. But the real insight isn’t who made the most—it’s how they made it. As poorly targeted policies continue to penalize […]
Canada’s recent real estate boom—and bust—was followed by an immigration surge charting a similar trajectory. Together, they expose generous high-leverage mortgage programs that shift risk off lender books and onto public and private insurers. These programs enabled buyers with minimal credit and few local ties to purchase homes at peak prices. With values now plunging, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Uses US Bubble Scheme To Transfer Investor Risk To Home Buyers Ontario is the latest province to offer sales tax relief to first-time buyers of new homes. The move follows federal incentives announced earlier this year, adding to the recently introduced […]
Toronto’s real estate downturn deepened last month, and new homes weren’t spared. Data from industry group BILD shows September sales hit a record low for the month, worse than the 1990s real estate crash. Most of the data looked ominous, but there was a curious detail—condo prices climbed, defying the demand collapse. That divergence may […]
The Bank of Canada (BoC) cut its overnight rate by 25 basis points to 2.25% this morning, citing weak investment and falling demand. It also reminded Canadians that monetary policy is meant to keep inflation low and stable—then promptly put that on the sideburner. The BoC warned that monetary policy won’t fix the current headwinds, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgages Backed By Inflated Home Values, Zero Equity Canadian lenders are using inflated new home appraisals to increase mortgage leverage. Following the sharp drop in home prices, lenders are turning to blanket appraisals—which recognize the contract price as the asset value. […]
Canada’s about to become one of the world’s largest exporters of shiny rocks. BMO Capital Markets recently told investors that gold is just a hair shy of being Canada’s second-largest export. Underlying output has quietly scaled over the past 25-years, leaving the industry well-positioned for the recent price surge. Though it’s worth noting that the […]
Canada’s central bank is running out of excuses. Headline inflation surged in September, according to Statistics Canada’s (StatCan) latest Consumer Price Index (CPI). Rising headline inflation is certainly a concern, but it was dwarfed by what the agency omitted: the Bank of Canada’s (BoC) preferred core inflation metrics. The BoC recently floated the idea of […]
