Canada’s economy beat expectations but dive into the details before celebrating. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew faster-than-expected in May. However, even with a rapid public sector expansion driving half the advance, it failed to meet population growth. As a result, Canada’s GDP per capita recession printed an 8th […]
The Canadian economy isn’t technically in a recession; it just feels like one to most households. That was the take from Canada’s largest bank, which is raising concerns about the country’s economic setup. RBC economists warn that rapid population growth is boosting GDP, but it’s only obfuscating reality. More meaningful economic indicators, such as household […]
Canadian policymakers created a bigger issue than the one they tried to solve with population growth. A new survey from Angus Reid found that 1 in 4 households are seriously considering leaving their province due to housing costs. Two key demographics are feeling the lion’s share of the pressure—young adults and recent immigrants. The problem […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Surges For Young Adults & Recent Immigrants Canada went from a shortage of workers to a surplus driving unemployment in just a few months. In 2022, Canada ramped up immigration with the idea it would fill rising job vacancies. Since […]
Canada’s economy might be stronger than expected according to this week’s data. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew in April. Even with preliminary numbers showing growth stalling in May, output is still set to outperform the central bank’s expectations. Most weakness is contained to just a few sectors, including […]
Canada’s growth strategy is ineffective, and actually putting it further behind. That’s the general takeaway from the OECD’s 2024 Economic Outlook for Canada. The intergovernmental organization representing advanced economies, congratulates the country on its record population growth. It’s unclear how this occurs with low real GDP growth and rising unemployment, but the agency has a […]
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 […]
