Top Stories

This Week’s Top Stories: Canada’s GDP Is Expected To Make Biggest Contraction Since Great Depression, and Real Estate Buyers Barely Pause

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Parliament’s Forecast Includes Unemployment Peaking In Q3 Canadian parliament’s economic forecasts include unemployment rising even further. The PBO economic forecast currently sees 14.8%  unemployment in Q2, and the ratio peaking at 15% in Q3. At the end of last year […]

Canada

Canadian Parliament’s Forecast Includes Unemployment Peaking In Q3

The Canadian government isn’t exactly planning for a v-shaped employment recovery. The Parliamentary Budget Officer (PBO), who gives non-partisan financial forecasts to parliament, updated their forecasts. While the focus of the forecast is how the federal government’s finances will look, there’s some interesting assumptions that are important from a macro perspective. The government is planning […]