And just like that, Canada’s shrinking population went the way of its technical recession—revised away. Statistics Canada (StatCan) data shows that the country’s population grew in Q3 2026. More importantly, the data includes the upward revisions we’ve been discussing for months. It turns out that the much-discussed population contraction plaguing the country didn’t exist. The […]
Canada’s economy rebounded last quarter, but will it last? Statistics Canada’s (StatCan) Gross domestic product (GDP) data shows growth in June. That helped Q2 close out with much higher growth than anticipated, a sharp change from Q1. However, the bump was due to temporary events, leaving questions whether it will persist to Q3. Canadian GDP […]
Canada’s economy is booming, as long as you ignore the actual data and upcoming revisions. Statistics Canada’s (StatCan) latest Labour Force Survey (LFS) shows seasonally adjusted employment climbed by 75,000 jobs in July. The unseasoned reality was a little less savoury, showing a 6-digit decline in the same month, along with rising unemployment. The picture […]
Canadian consumer insolvencies are rising fast, but nowhere are they rising quite like in Ontario. Office of the Superintendent of Bankruptcy Canada (OSB) filings rose in May. They’re rising so fast that Ontario just saw its second-highest number of May filings on record, only behind the 2009 Global Financial Crisis. Ontario Consumer Insolvencies Hit Second-Highest […]
Large institutional investors are an almost insignificant share of Canadian housing. That was the takeaway from a new Statistics Canada (StatCan) report examining the influence of institutional ownership of rentals in 2022. Even more shocking is the agency just discovered that Canadian real estate is the most perfectly competitive market in the world. All they […]
Canada just saw its biggest trade surplus since its leaders pledged to shed its US reliance. Statistics Canada (StatCan) data shows international merchandise trade jumped in April. A sharp climb in exports produced the biggest trade surplus in over a year, though it wasn’t due to policymakers. The net gain was more than explained by […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Now Shows Recession, BMO Says Not Quite Canadian GDP surprised the market by falling for a third time in the past year. Real GDP fell 0.1% annualized in Q1 2026, meaning the economy now fits the traditional definition of a […]
The Canadian economy is officially in a technical recession, but at least one Big Six bank says we’re not there. At least, right now. Statistics Canada (StatCan) data shows real gross domestic product (GDP) fell in Q1 2026. BMO Capital Markets told investors the data will fuel a technical recession debate, but argued the R-bomb […]
Canada’s seemingly stable jobless rate is hiding widening disparities among cities (and provinces), according to BMO Capital Markets. The bank’s latest Labour Market Performance Ranking shows job markets in Western Canada are largely improving, while Eastern Canada—Southern Ontario in particular—dominates among the worst-performing cities. The bank warns this divergence won’t be resolved any time soon, […]
Canada hasn’t seen this many businesses planning to downsize in a decade, as they try to curb rising costs. That was the general takeaway from the Bank of Canada’s (BoC) latest Business Outlook Survey (BOS) for Q4 2025. Firms aren’t just bracing for a slowdown and hiring freeze, but the share of firms expecting staff […]
