Canadians know inflation climbed sharply last month, but there’s a stranger story in the headline data. Statistics Canada’s (StatCan) Consumer Price Index (CPI) rose in April, driven by energy prices. However, a modeling skew in categories like air travel helped suppress the acceleration, despite conflicting industry data. Canadian CPI Surges To Highest Level In 23 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgage Arrears Surge 89% From Record Lows Canada’s banks are seeing mortgage arrears climb at an unusual pace. The arrears rate reached 0.28% in February, up 5 basis points from last year and driven by the volume of past […]
Canadian businesses were bracing for elevated inflation—then the Iran War broke out. Now they’re doubting the Bank of Canada’s (BoC) ability to contain inflation, according to the Q1 2026 Business Outlook Survey. The central bank’s survey reveals firms are preparing for 5 years of elevated inflation. Canadian Businesses Expected Inflation To Surge Before Latest War […]
Canadian inflation readings are surging, a trend that’s just getting started. Statistics Canada’s (StatCan) Consumer Price Index (CPI) surged in March. The surge is largely attributed to energy prices, which had been dragging growth due to a base effect. A base effect that was set to expire in April, and set to compound with soaring […]
Canadians said goodbye to lower gas prices and hello to higher inflation last month, as the Iran War shocks global oil markets. Gas prices made the sharpest surge on record in March, according to BMO Capital Markets. The bank warns this will drive the Consumer Price Index (CPI) much higher, even before considering the spillover […]
Canadian economic output was set to slow down, but the country showed surprising growth in January, according to Statistics Canada (StatCan). Real gross domestic product (GDP) beat analyst expectations with minor growth, avoiding a “technical recession,” though economists warn the impact of higher energy prices due to the Iran war has yet to be determined. […]
Canada’s central bank is “chasing its tail,” warns a new Bank of Canada (BoC) staff paper. The researchers studied the impact of including mortgage interest in the Consumer Price Index (CPI), discovering the circular logic. The BoC sets interest rates based on CPI, but CPI includes mortgage interest costs driven by those very rates. As […]
Official data tells a story of cooling inflation and strong wage growth, but consumers aren’t buying it. TransUnion’s latest Consumer Pulse survey finds most Canadians say they did better than expected in Q4 2025, but the mood is turning fast. Near-term optimism is sliding, while more households see their finances eroding this year. The credit […]
The Canadian economy is doing better than expected, and things will slow but be fine. That’s the takeaway one gets reading the summary of the Bank of Canada’s (BoC) January Monetary Policy Report (MPR). However, a dive into the full 44-page report reveals that narrative is a statistical mirage, supported by contradictory data points the […]
Temporary factors have muted inflation, but they’re starting to fade. Statistics Canada (StatCan) data show the Consumer Price Index (CPI) accelerated in December. Excluding gas sends the value soaring, hitting the Bank of Canada’s upper bound. One bright spot is the slowdown in shelter costs, but the distribution was uneven. Only homeowners are seeing slowing […]
