Canada’s gross domestic product (GDP) may appear stable, but its foundation is anything but. Statistics Canada (Stat Can) data shows that real GDP rose 0.5% in Q1 2025, matching Q4 2024 after a downward revision. While the headline signals expansion, it conceals a more troubling reality: domestic economic activity is flatlining, and the terms of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s GDP Per Capita Crisis: 4 Provinces Grow, Others Fall—Some Back To 2020 Canada’s population is growing much faster than its economy, and the problem is reaching a crisis level. GDP per capita fell 1.4% in 2024, implying the country is seeing […]
The Canadian economy’s temporary boost has faded, revealing a weaker foundation. Statistics Canada (Stat Can) data shows the country’s gross domestic product (GDP) slipped in February. The drop erased half of January’s unexpected surge. Behind Canada’s rising recession risk was declining oil & gas extraction, and the Canadian housing market slowdown. The latter of the […]
Canada is facing much smaller tariffs than initially proposed, but unfortunately the problems are getting bigger. A new report from Oxford Economics sees the country plunging into a recession deeper than previously anticipated. Despite softening tariff threats, economic uncertainty will reduce consumption and investment, ultimately producing higher unemployment and even briefly producing disinflation. Canadian GDP […]
Canadians are increasingly divided on where the country’s economy is heading in a year. The Bank of Canada (BoC) released the results of its Q1 2025 Consumer Outlook Survey (COS) showing a record share of households fear losing their job. Over 1 in 5 consumers believe they will lose their job within the next 12-months, […]
Canadian business uncertainty is riding high but reality may not be as bad as expected. The Bank of Canada (BoC) released the results of its quarterly Business Outlooks Survey (BOS) for Q1 2025, revealing a sharp decline in the country’s future GDP growth. A report from BMO warns this erosion in expectations is very real, […]
Canada’s trade war with the world’s largest economy is a serious threat to its stability. In fact, it’s such an economic threat that almost no one is paying attention to another significant one—the trade war with the world’s second-largest economy, China. RBC Economics warns that China has finally responded to Canada’s import tariffs on Chinese […]
Just a few years ago, Canada was scrambling to fill a record volume of vacant jobs. Now it’s struggling to cope with the volume of excess workers. Statistics Canada (Stat Can) data shows companies added more workers to their payrolls in January. However, job vacancies fell to the lowest level since 2017, making it the […]
Canadian household debt has been showing big improvements. A combination of rate hikes that slowed borrowing, and recent rate cuts are delivering repayment relief. Before popping that bottle of HELOC-finance champagne, this may be the calm before the storm, warns BMO. Several economic headwinds, primarily the trade war, are set to hit households. The central […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Stalls As More Young Adults Opt Out Of The Workforce Canada’s unemployment rate is stabilizing, easing the public’s economic concerns. However, looking past the headline data, we see the problem shifting to a different area. Last month’s job numbers and […]
