15 Jul

Canadian Inflation Accelerates by 1.9% y/y in June; US inflation comes in below forecast for the fifth consecutive month

General

Posted by: Liz Fraser

Today’s Report Shows Inflation Remains a Concern, Forestalling BoC Action Canadian consumer prices accelerated for the first time in four months in June, and underlying price pressures firmed, likely keeping the central bank from cutting interest rates later this month. The annual inflation rate in Canada rose to 1.9% in June from 1.7% in May, aligning […]

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15 Jul

Canadian GDP is Set To Contract In Q2

General

Posted by: Liz Fraser

Canada Is Headed For A Moderate Economic Contraction in Q2 Real gross domestic product (GDP) edged down 0.1% in April, following a 0.2% increase in March. The preliminary estimate for May was also -0.1%. April and May were months of the most significant tariff uncertainty–both auto, steel, and aluminum tariffs were announced during this period. […]

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15 Jul

Canada Unexpectedly Adds 83,100 Jobs in June, The Biggest Gain of 2025

General

Posted by: Liz Fraser

Canada’s Economy Shows Amazing Resilience in June The Canadian economy refuses to buckle under the weight of tariff uncertainty and further potential tariff hikes. The Labour Force Survey, released this morning for June, showed a surprising net new job gain of 83,100 positions, the most significant number of jobs this year. A whopping 84% of […]

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17 Jun

Canadian National Home Sales Were Up 3.6% Month-over-Month

General

Posted by: Liz Fraser

Global Tariff Uncertainty Sidelines Buyers Canadian existing home sales recorded over the MLS Systems climbed 3.6% between April and May, a normally strong month for housing, marking the first gain in activity since last November. The Greater Toronto Area (GTA), Calgary, and Ottawa led the monthly increase. “May 2025 not only saw home sales move […]

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10 Jun

Weak Canadian Labour Report in May Points Towards BoC Easing

General

Posted by: Liz Fraser

Labour Market Weakness Continued in May, Raising the Prospects of a Rate Cut at The Next BoC Meeting Today’s Labour Force Survey for March was weaker than expected. Employment decreased by 33,000 (-0.2%) in March, the first decrease since January 2022. The decline in March followed little change in February and three consecutive months of growth in November, December […]

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10 Jun

Bank of Canada Holds Rates Steady for Second Consecutive Meeting

General

Posted by: Liz Fraser

Bank of Canada Holds Rates Steady for the Second Consecutive Meeting–But Two More Rate Cuts Are Likely This Year As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the second consecutive rate hold since the Bank cut overnight rates seven times in the past year. The governing […]

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10 Jun

Q1 Canadian GDP Comes In Stronger Than Expected Owing to Tariffs

General

Posted by: Liz Fraser

Q1 GDP Growth Was Bolstered by Tariff Reaction As Residential Construction and Resale Activity Weakened Further Statistics Canada released Q1 GDP data showing a stronger-than-expected 2.2% seasonally adjusted annual rate, a tick above the pace of the quarter before. Exports drove growth as companies in the United States rushed to stockpile Canadian products before U.S. […]

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