Canadians looking to confirm that Americans obliterated our job market… won’t find this morning’s payroll data very helpful. Statistics Canada (Stat Can) data released this morning, shows the country added tens of thousands of payroll jobs in February. That doesn’t quite match the Trade War-obliterated wasteland narrative we’ve been hearing about. Looking at the unadjusted […]
Canada’s central bank is going to be more comfortable holding off on rate cuts. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) surged in January, defying analyst expectations. Over just two months, 2024’s growth is already equivalent to all growth seen in 2023. However, it’s not clear how the momentum continues since […]
Canadian households are experiencing less intense inflation pain, but it still remains. Statistics Canada (Stat Can) data shows headline inflation in the Consumer Price Index (CPI) slowed in October. The deceleration was due almost entirely to falling gasoline prices, with inflation printing much higher numbers when excluded. Grocery and shelter costs continue to rise at […]
Canada’s national stats agency is pouring a bucket of ice water on the country’s speculative markets. The Canadian Housing Statistics Program (CHSP) crunched housing supply numbers from 2019 to 2021. The Statistics Canada (Stat Can) program found that both Toronto and Vancouver Census Metropolitan Areas (CMAs) saw its housing supply grow much faster than its […]
A large share of Canadians feel like they’re just a few bucks away from financial destabilization. Statistics Canada (Stat Can) released the results from its Canadian Social Survey on Quality of Life and Cost of Living for Q3 2022. The cost of living crisis has made life unstable for nearly a third of households, with […]
Canadian real estate’s slowdown is finally beginning to show up in new home prices. Statistics Canada (Stat Can) published the December update to its New Housing Price Index (NHPI). The data shows prices stalled and annual growth made its ninth consecutive deceleration. However, the biggest takeaway was the release—with the agency forecasting price growth without […]
The Great Canadian Real Estate Slowdown is set to continue into the future. Statistics Canada (Stat Can) data shows the value of building permits fell in October. The drop in permits shows less building activity is planned, especially for residential building. It sounds like bad news, but it might not be. Falling land and building […]
Low rates and the promise of riches from ever rising home prices sent Canadians on an epic debt binge. Statistics Canada (Stat Can) data shows the household debt to disposable income ratio tied the record in Q1 2022. A tie might sound like we’ve seen this before, but interest rates make this situation stand out. […]
Canadian employment is the highest in 40 years but borrowers are showing signs of stress. Statistics Canada (Stat Can) data shows non-bank lenders saw an uptick in early mortgage delinquencies for Q4 2021. However, they were able to maintain a lower default rate than commercial banks. Part of this is due to the thousands of […]
Canadian households are dealing with the highest inflation in a generation. Statistics Canada (Stats Can) released Consumer Price Index (CPI) data for April. The agency attributes recent acceleration to food and shelter, which sent growth to the highest level since the early 90s. Some might be calling a top for growth, but that’s not what […]
