Canada’s economy is slowing, and there are concerns that slowing population growth may amplify the issue. A new analysis from BMO shows no historical evidence to support a short—or medium-term correlation between real GDP and population growth. The bank pulled over 30 years of data and found the opposite—real GDP and population growth move in […]
Canada’s reputation as an ideal environment may be more hype than reality these days. Statistics Canada (Stat Can) data shows businesses suffered a major setback in June. The country saw the largest wave of business closures since the depths of the 2020 pandemic, when lockdowns physically restricted businesses from activity. In just one month, Canada […]
Canada’s economic output is stronger than expected but far from impressive. Statistics Canada (Stat Can) real Gross Domestic Product (GDP) grew in July, following up a flat month. Any positive expectations are cooled by the details, revealing a few only-in-recession data points. That includes government stimulus in the form of public sector expansion being one […]
Canada has long defended its generous immigration policy, but has recently reversed course. Many assume this is temporary pandering that will soon loosen, but the odds are slanted towards further tightening. US Customs and Border Protection (CBP) data shows the country has stopped over 1,200 terror suspects on their “Watchlist” attempting to cross from Canada […]
Canadian real estate experienced a major shift during the pandemic as remote work was embraced. Unanchoring careers from pricey cities, people fled to more remote and affordable smaller cities, bringing a surge of economic activity (and higher home prices), at the expense of big cities. Policymakers are now attempting to reverse this move by pushing […]
Canada’s economy went from struggling with productivity growth to an all-out crisis. That’s the take from TD this morning, who warns the productivity crisis is worsening. Skewed incentives have reallocated productive investment to non-productive areas, now consuming a larger share of the economy. If this persists, the bank warns that Canada will see further erosion […]
Dark clouds are forming over Canada’s economy, but most households are blissfully unaware… for now. A new research note from BMO Capital Markets warns that young adults are facing the “gruesome twosome”—soaring unemployment and unaffordable housing. The combination has created an environment on par with the country’s worst recessions. It’s an issue largely slipping under […]
Canada’s work-from-home boom was a little too popular and has resulted in flight from big cities to more affordable suburbs. Now the governments and their agencies across Canada are facing pressure to bring workers back to the office. Canada Post’s non-operational staff in major cities are the latest being ordered back to the office for […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Government Spending Now 80% of GDP Growth Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations. However, the details were less flattering with […]
Canada’s economy is expanding, but the details are worth reviewing before getting too excited. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew more than expected in Q2 2024. A dive into the details shows productivity further eroded on a per capita basis, while household spending weakened. Most growth is now government […]
