Canada’s debt problems are approaching the point of no return, likely cementing the end of the low-rate era. The Parliamentary Budget Officer (PBO) broke down federal spending and revenue for 2026-27. While critics focus on corporate welfare and loose spending, the real issue is much worse. The data reveals that over a quarter of revenue […]
Canadian household wealth grew last year, but so did inequality. Statistics Canada (StatCan) data shows the average household net worth rose in Q4 2025. However, the rich had a different read on the economy that helped their share grow much faster. While the rich racked up stocks and pumped the brakes on mortgage debt, the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Downgrades Housing, Warns of Small Condo Glut The Bank of Canada kept its key overnight rate at 2.25% at their April announcement, a widely expected move. What wasn’t expected was a downgrade in their housing forecast, which saw the […]
Canada’s economy is growing, but you’re forgiven if you didn’t notice—you probably work in the majority of industries that didn’t grow. Statistics Canada (StatCan) data reveals real gross domestic product (GDP) increased in February. A minority of industries drove that growth, with finance also getting a boost from loans and mortgages. Separately, the agency released […]
The Bank of Canada (BoC) left its key overnight rate unchanged at 2.25% at this morning’s rate announcement. The move was expected, but the housing downgrade in the BoC’s April Monetary Policy Report (MPR) is the real story. Housing received the largest negative revision in the 2026 GDP breakdown, and is expected to weigh on […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgage Arrears Surge 89% From Record Lows Canada’s banks are seeing mortgage arrears climb at an unusual pace. The arrears rate reached 0.28% in February, up 5 basis points from last year and driven by the volume of past […]
Canadian businesses were bracing for elevated inflation—then the Iran War broke out. Now they’re doubting the Bank of Canada’s (BoC) ability to contain inflation, according to the Q1 2026 Business Outlook Survey. The central bank’s survey reveals firms are preparing for 5 years of elevated inflation. Canadian Businesses Expected Inflation To Surge Before Latest War […]
Canadian inflation readings are surging, a trend that’s just getting started. Statistics Canada’s (StatCan) Consumer Price Index (CPI) surged in March. The surge is largely attributed to energy prices, which had been dragging growth due to a base effect. A base effect that was set to expire in April, and set to compound with soaring […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Industry Cuts Forecast, Prices To Stagnate 2 More Years Canada’s real estate industry is tempering its expectations after a weak Q1. CREA sees 2026 home sales just 1% higher than 2025, slashing its 5.1% growth forecast from January. Falling […]
Canadian builder intentions are slipping even as policymakers throw tens of billions in stimulus at construction. Statistics Canada (StatCan) data shows building permit values fell sharply in February, with only residential intentions posting a modest gain that still translated into fewer homes planned. Meanwhile, non-residential permits fell abruptly, pointing to weaker investment appetite beyond the […]
