An already slowing global economy is seeing more downward revisions to forecasts, due to the pandemic. The International Monetary Fund (IMF) is the latest organization to lower Canada’s 2020 GDP forecast. The organization sees the economy making the biggest contraction seen in generations. On the upside, they see a return to growth next year. Next […]
Cracks in the Canadian economy are appearing, and it started last year. Statistics Canada (Stat Can) data shows gross domestic product (GDP) per capita fell in Q4 2019. The decline is the second consecutive quarterly drop, and is now back to where it was two years ago. GDP Per Capita Gross domestic product (GDP) and […]
The Canadian economy made an unexpected dip in the latest report. Statistics Canada (Stat Can) data shows gross domestic product (GDP) fell in October. The GDP decline is Canada’s first in 8 months, and follows tapering growth. Canada’s GDP Made The First Decline In 8 Months Canada’s GDP moved a little lower last month. Seasonally […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Heavy Immigration Is The Last Pillar Preventing A Recession Canada’s economy looks like it’s booming, but it’s not all that impressive when immigration is factored in. Real gross domestic product (GDP) per capita hit $55,480 in Q2 2019, up […]
Canada’s dependence on real estate to grow the economy just got deeper… or made a death rattle. Statistics Canada (StatCan) numbers show residential investment showed quarterly growth in Q2 2019. The increase represents one of the few sectors of growth that boosted GDP in the most recent quarter. While residential investment rose on the quarter, […]
Canadian real estate is still one of the biggest drivers of the economy. Statistics Canada (Stat Can) numbers show gross domestic product (GDP) climbed in May. The monthly climb, which was higher than expected, was driven by growth in real estate and construction. Canadian Gross Domestic Product Rises 0.2% In May Canada’s real gross domestic […]
