Young Canadians aren’t interested in joining the trades, and it’s a big problem. RBC Economics took a look at skilled workers, and the anticipated shortage. The labor shortage isn’t just due to a large demographic cliff though. Not enough young adults are attracted to the field, nor are new immigrants. This squeeze can result in […]
Canada’s top banker made an unusual move and began explaining his actions in the news. In an opinion piece last week, the Bank of Canada (BoC) governor Tiff Macklem didn’t let his work speak for itself. Instead, he took the unusual step of writing his own defensive opinion piece. Let’s take a quick dive into […]
Canadian mortgage rates are so low, how could you not buy a little more house? The rate of interest for a mortgage in Canada recently fell below the rate of inflation. This rarely happens, and the last time real mortgage rates were this negative was over 40 years ago. That was in the middle of […]
Never has it been so obvious that government data on housing costs don’t reflect the cost of buying. Home prices are on a tear, and while CPI’s shelter component is high, it’s miles away from soaring home costs. That’s because of the way it’s measured, says BMO chief economist Douglas Porter. Here’s his breakdown on […]
Canadian inflation should be smooth sailing, coming in low and stable from now on. A small catch though — your cost of living may not actually see low inflation. Statistics Canada (Stat Can) consumer price index (CPI) data shows an unexpected slowdown in June. The popular interpretation for today’s release is, this proves high inflation […]
You’re not alone if you aren’t buying the “inflation is transitory” narrative. BMO Capital Market senior economist Robert Kavcic unpacked price change sentiment data. Small business owners see the cost of goods rising a lot over the next year. In fact, prices are expected to rise the most in at least a decade, by a […]
Canada’s money printer is still going brrr at a rate not seen in decades, but it’s starting to slow down. Bank of Canada (BoC) data shows the rate of growth for the M2++ is now past its peak as of April. The broad measure of the country’s money supply is a leading indicator for inflation. […]
Canadian shelter costs are soaring, but haven’t contributed much to inflation data. That is, until now. Statistics Canada (Stat Can) updated its consumer price index (CPI) for May. The index is accelerating at the fastest rate in over half a decade, and for the most part — it’s not base-effect. Gasoline and shelter costs were […]
Canadian inflation is rising at the fastest pace in decades, but at least it’s just transitory… maybe. Statistics Canada (Stat Can) latest consumer price index (CPI) numbers show a big jump in prices for April. The sentiment shared between the Bank of Canada (BoC) and Stat Can is, this is just temporary. However, much of […]
The Canadian economy is recovering so fast, the central bank may soon have to hike rates to cool it down. That’s the take from the National Bank of Canada (NBC), who accelerated their forecast timeline today. They expect output gap closure by the middle of next year, as well as inflation running hot. Rising inflation […]
