The Canadian economy is getting ready to part ways with its closest ally, at least when it comes to performance. A new analysis from RBC looks at the emerging gap between the historically intertwined economies, and notes Canada is significantly underperforming its neighbours to the South. The weakness of Canada’s highly indebted households in contrast […]
Canada’s economy went from boom to bust faster than anyone could anticipate. Statistics Canada (Stat Can) data shows slower-than-expected real gross domestic product (GDP) in Q1 2024, along with a downward revision for the previous report. Combined with the rapid population growth, this has led to a rapid decline in per-capita real GDP. In fact, […]
Canada’s favorite Maritime province has been a big winner when it comes to real estate. It’s economy? Not so much. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) per capita made a sharp downturn in 2023. The province’s shock was so large, it returned the quality of life measure back to 2016-levels. […]
Canada’s economy started the year strong, but things are changing fast. Statistics Canada (Stat Can) real gross domestic (GDP) growth came in slower-than-expected in February. Today’s data also included a downward revision for January, and a preliminary estimate of flat growth for the rest of the quarter. Any signs of life the economy showed at […]
One of Canada’s top bankers is concerned about a new crisis—a lack of productivity. In a speech delivered in Halifax this morning, Bank of Canada (BoC) Senior Deputy Governor Carolyn Rogers took aim at the country’s stagnating productivity. She warned the issue has caused Canada to fall behind and become less competitive than its economic […]
Canada’s economy is proving to be more resilient than virtually all analysts had anticipated. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) climbed in Q4, driving annual growth into positive territory. Accompanying the gain was an upward revision to the previous quarter’s decline, revealing an economy that may struggle with growth but […]
Canada just bucked expert estimates and it’s growing much faster than expected. Statistics Canada (Stat Can) data shows stronger than expected growth for gross domestic product (GDP) in November and December. BMO believes if, and they stressed if, the data is correct, the economy is growing much faster than anyone had forecast. That is generally […]
Canada’s economy has been making headlines for leading the G7, but many aren’t feeling the effects. That’s because gross domestic product (GDP) per capita has barely moved. Rather than growing the economy through economic improvements, Canada has only added more consumers through immigration. Adjusting for population, US households have seen their economic picture grow 10x […]
Canada is seeing record immigration but its economy doesn’t resemble one that typically attracts this type of growth. The country’s gross domestic product (GDP) came in flat in October, marking a fifth month of stalled growth. Despite record population growth, this lack of performance is still primarily attributed to increased government stimulus. It’s a setup […]
Despite elevated inflation, Canada’s economy is sputtering. Statistics Canada (Stat Can) data shows gross domestic product (GDP) was unchanged in October 2023. Output has now failed to advance for nearly half a year, despite the record population boom that was expected to drive demand. RBC warns the country is most likely to print a sixth […]
