The Canadian economy has stalled, and the details offer little reassurance. Real GDP was flat in August for a second straight month, according to Statistics Canada (StatCan). Retail and credit card activity helped support output, an ominous combination as credit industry reports point to rising balances and delinquencies. The agency’s preliminary September estimate suggests that […]
Canada’s economy is growing faster than expected despite flat growth in the latest GDP report. Statistics Canada (StatCan) data shows gross domestic product (GDP) growth flat in July. Growth reported for half of sectors was offset by a contraction in the other half. New accompanying revisions show previous months had higher output than initially reported, […]
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 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Fake GDP Growth: Fictitious Rents Add More Than Oil Fictitious rents are driving Canada’s recent GDP growth surprise, even more than energy prices. Nearly 25% of GDP growth in Q1 2026 came from imputed rent, compared to 15.1% from oil and […]
Canada’s transition from a petro-currency to a mortgage-backed dollar no longer feels like a joke. While Statistics Canada (StatCan) data shows strong recent GDP growth, few realize where that expansion comes from. Oil and gas might capture the headlines, but in Q1 2026, nearly a quarter of growth came from owner-occupied GDP. More bluntly, Canada’s […]
Canada’s economy looked like it was booming. Then slower immigration made it difficult to maintain that illusion. Economists at BMO Capital Markets challenged the narrative that population growth fuels economic growth. Looking at over 50 years of data, the bank warned investors there’s zero correlation between population and economic growth. The manufactured boom briefly provided […]
Canadian economic output rebounded sharply after spending a month in negative territory. Statistics Canada (StatCan) data shows gross domestic product (GDP) ripped higher in April. The surge wasn’t a sign of an economy back to healthy growth though, as temporary factors and public sector spending was behind most of the boost. Canadian GDP Rebounded In […]
Canada’s slowing economy may be shaking the confidence of builders. Statistics Canada (StatCan) data shows building permit values fell in April. A drop in multi-family permits fueled nearly the entire plunge for residential, with non-residential also slipping. Falling permits signal a slowdown in the sector ahead, providing another data point highlighting Canada’s slowdown. Canadian Building […]
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 […]
