📈 Fixed Mortgage Rates Could Rise as Trade Tensions Escalate
Recent trade tensions between Canada and the United States are creating new uncertainty for the economy, and one area that could be affected is fixed mortgage rates. While the Bank of Canada is widely expected to keep its key interest rate unchanged for now, experts say fixed rates could continue facing upward pressure as bond markets react to inflation concerns, government borrowing, and the growing trade dispute. 🏦 The Bank
Canada Adds 75,000 Jobs in July as Unemployment Falls to 6.4%
Canada’s labour market delivered another positive surprise in July, adding 75,000 jobs while the national unemployment rate dropped to 6.4%, its lowest level in two years. The latest figures from Statistics Canada point to continued improvement in employment after gains in both May and June. 📈 Canada’s Labour Market Strengthens Employment increased by 75,000 jobs, or 0.4%, in July, with gains spread across both full-time and part-time positions. One of
Canada Adds 18,000 Jobs in June as Unemployment Rate Falls to 6.5%
Canada’s labour market continued to show signs of improvement in June, with the economy adding 18,000 jobs and the national unemployment rate edging down to 6.5%. The latest figures suggest that hiring momentum carried into the start of summer, following a much stronger increase in employment in May. 📊 June Job Growth Beats Expectations The June results came in slightly stronger than many economists had anticipated. Analysts had expected approximately
📊 Canada’s Job Market Surprises in May
Canada’s labour market showed unexpected strength in May, adding 88,000 jobs, according to the latest data from Statistics Canada. As a result, the national unemployment rate improved to 6.6%, down from 6.9% in April. This marks the first major employment increase since November 2025 and helps recover some of the job losses seen earlier this year. 💼 A Stronger-Than-Expected Rebound Economists were expecting a much smaller gain of around 10,000
Canada Lost Jobs in April as Unemployment Climbed to 6.9%
Canada’s job market slowed down in April, with the economy losing 17,700 jobs and the unemployment rate rising to 6.9%, according to Statistics Canada. Economists were actually expecting job growth, so the weaker numbers came as a surprise. 📉 What Happened? While Canada still has more jobs overall compared to last year, the country has now lost around 112,000 jobs since January 2026. Most of those losses were in full-time
Bank of Canada Holds Rates Steady (April 2026)
The Bank of Canada has decided to keep its key interest rate at 2.25% for now. This comes despite rising oil prices and global tensions. While some expected a rate hike to control inflation, the Bank chose to hold steady and watch how things unfold. No immediate changes, but lots of uncertainty ahead. 📊 What’s Happening in Canada’s Economy? Inflation Update Inflation rose to 2.4% in March, mainly driven by
Canada’s Job Market Update: March 2026
Canada saw a small rebound in jobs this March, but the bigger picture still shows a slowing labour market. 📊 What Happened in March? Canada added 14,000 jobs in March, according to the latest data from Statistics Canada. While this is a step in the right direction, it only recovers a small portion of the 84,000 jobs lost in February, which came as a surprise to many economists. The unemployment
🏡 Ontario Proposes HST Break on New Homes
The Ontario government is planning a temporary tax break on newly built homes to help make housing more affordable. The proposal would remove the full 13% HST on eligible new homes for one year, working alongside the federal government. 💰 What Buyers Could Save If this plan goes through, here’s what it could mean: 🗓️ Program timeline: April 1, 2026 → March 31, 2027 🏗️ Some projects could still qualify