Canada’s Economy Slows Down
Canada’s economy shrank more than expected in the last three months of 2025. 📉 GDP fell by 0.6% in the fourth quarter, according to Statistics Canada.For the full year, the economy grew by 1.7%, marking the weakest annual growth since the early days of the COVID-19 pandemic. That slowdown happened as businesses reduced their inventories, […]
Canada’s Jobs Report at a Glance 📊
Canada lost 24,800 jobs last month, surprising economists who were expecting modest job growth. The biggest hit came from manufacturing, as U.S. tariffs continue to weigh on export-focused industries. 📉 Employment Fell, But Unemployment Also Dropped Despite job losses, Canada’s unemployment rate fell to 6.5%, down from 6.8%. Why?Fewer people were actively looking for work, […]
📊 Canada’s Unemployment Rate Rises in December
Canada ended the year with a higher unemployment rate, even though more jobs were added to the economy. According to Statistics Canada, the unemployment rate climbed to 6.8% in December, up from 6.5% in November. The increase was driven by more people actively looking for work, not by widespread job losses. 💼 Jobs Still Added, […]
Canada’s Inflation Rate Holds Steady in November 📊
Canada’s annual inflation rate remained unchanged at 2.2% in November, according to new data from Statistics Canada. The reading matched October’s pace and came in slightly below economist expectations of 2.3%. While overall inflation stayed steady, the details show a shift in what is driving prices higher and lower across the economy. Food Prices Take […]
Are We in a Recession? CIBC’s Benjamin Tal Says Yes
🏦 Canada’s Economic Reality: A “Per-Capita Recession” CIBC’s deputy chief economist Benjamin Tal believes Canada’s economy is in a recession — even if it doesn’t yet meet the technical definition.Speaking at the Mortgage Professionals Canada national conference in Ottawa, Tal said that while GDP might not show two straight quarters of decline, the downturn is […]
Canada Adds 60,400 Jobs in September, But Unemployment Stays at 7.1%
Despite stronger-than-expected job growth, Canada’s unemployment rate held steady in September as more people entered the workforce. 📈 Job Growth Beats Expectations According to Statistics Canada, employment rose by 60,400 jobs in September, well above forecasts that predicted only 5,000. Most of the gains came from full-time positions, showing that job quality is improving. The […]
📉 BoC Rate Cut: A Welcome Nudge for Housing
The Bank of Canada lowered its key interest rate by 0.25%, a small but encouraging step for homebuyers and mortgage holders. Experts aren’t expecting an instant buying frenzy, but they agree this move is positive for the housing market. “It’s a flip of the dial in the right direction,” said BMO chief economist Doug Porter, […]
Will the Bank of Canada Cut Rates in September? Signs Point to “Maybe”
Canada’s economy slowed in the second quarter, raising speculation that the Bank of Canada (BoC) could deliver a rate cut at its September 17 meeting. But with jobs and inflation data still on the way, the decision isn’t final. Economy Stumbles in Q2 📉 Statistics Canada reported that GDP contracted by 1.6% year over year, […]
💡Will Your Mortgage Get Cheaper? Inflation Signals Hope
Inflation Slows in July Canada’s inflation rate cooled in July, giving hope that the Bank of Canada (BoC) may consider cutting rates as early as September. According to Statistics Canada, consumer prices rose 1.7% year over year, down from 1.9% in June. 🚗 The biggest factor? A 16.1% drop in gasoline prices compared to last […]
💼 41,000 Jobs Lost, But Unemployment Holds At 6.9%
📉 July Sees Job Losses, Especially for Youth and Full-Time Workers Canada’s job market took a hit in July, losing approximately 41,000 jobs, according to Statistics Canada. The majority of those losses were in full-time positions and private-sector roles. While the unemployment rate stayed at 6.9%, it wasn’t necessarily good news. The rate held steady […]