Canadian inflation is slowing, but most households are unlikely to be feeling that relief. Statistics Canada’s (StatCan) Consumer Price Index (CPI) decelerated in January, fueling speculation that rate cuts may be on the horizon. A closer look reveals the entire deceleration can be accounted for by just mobile phone plans. Not because households are forking […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Long-Term Unemployment At ’90s Levels, 6 Months To Find A Job Canadians may want to put aside more savings, just in case of job market disruption. Nearly 1.5 million people were unemployed in January, while job vacancies continue to grind lower. […]
Canada’s central bank just told business leaders to prepare for economic pain that will outlast most of them. Bank of Canada (BoC) Governor Tiff Macklem declared the country’s old economy dead last Wednesday in Toronto, warning of “painful” and permanent restructuring that will take decades. He’s advocating for big gambles he admits may not work, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Explains Toronto Condos, Describes A Ponzi Scheme Canada’s central bank tried to explain Toronto’s condo market, and accidentally described a Ponzi. New home sales fell to just 1,599 units, the weakest since the early 1990s real estate crash. Meanwhile, […]
Canadian employers may be doing better than expected, but they aren’t showing much enthusiasm. Statistics Canada (StatCan) data show national job vacancies slipped in November, but it was far from a national trend. Five provinces showed monthly growth, with Saskatchewan and Alberta actually showing a substantial jump in hiring. The drag was primarily in BC […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Growth 23% Smaller Than BoC Forecast Just 2 Days Ago Canada’s economy is shrinking, according to the latest data from Statistics Canada. Real GDP was flat in November, following a 0.3% drop in October. As a result, the agency expects […]
Canada’s economy stumbled in November, with Statistics Canada (StatCan) data showing flat growth. Not much of a drag, but enough that it shaves nearly a quarter of the growth the Bank of Canada forecast just a few days ago. For national data, that’s not noise—it’s a massive gap, and the most likely explanation raises more […]
Canadian household debt isn’t just a risk to overindebted borrowers, but a growing risk for financial stability. That’s one of the key takeaways from the IMF’s latest report on Canada, which finds the financial system resilient overall. However, the agency flags elevated household debt as a vulnerability to the broad economy that risks amplifying future […]
Canadian real estate developers are sitting on a record pile of unsold new homes. CMHC data shows completed and unsold new homes hit a record in December, a rare sight in a country where most units are sold pre-construction. Even more surprising is that half of these vacant new homes are in Toronto and Vancouver, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Are Leaving In Record Numbers, Most Are Prime-Aged Workers Emigration, permanent residents or citizens leaving, reached a record high in 2025. A demographic breakdown reveals it’s even worse than it sounds, as most are prime-aged workers aged 25 to 49. Being […]
