Stronger-Than-Expected Canadian Q3 GDP Growth Seals the Deal on a BoC Rate Hold   Canada’s GDP grew at an annualized pace of 2.6% in the third quarter, marking a sharp turnaround from the revised 1.8% decline in the previous period. The result far exceeded...

Canada’s housing market showed renewed momentum in October, with national sales and prices edging upward. According to the Canadian Real Estate Association (CREA), home sales rose 0.9% month-over-month — marking six increases in the past seven months. This steady...

Canadian Inflation Slows in October, But Not Enough to Trigger Another BoC Rate Cut in December Canada’s inflation rate cooled slightly in October, with the Consumer Price Index (CPI) rising 2.2% year-over-year — down from 2.4% in September. The biggest factor? A...

October Labour Market Snapshot And What It Means for Borrowers​ Canada’s job market showed surprising strength in October, adding 66,600 jobs—bringing the two-month total to +127,000 and offsetting summer losses. The unemployment rate dipped to 6.9% from 7.1%,...

Bank of Canada Lowers Policy Rate to 2.25%   Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.25% as was widely expected. This is the bottom of the Bank's estimate of the neutral overnight rate, where monetary policy is neither...

Canadian Inflation Stronger Than Expected   The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in September, up from a 1.9% increase in August. The acceleration was also larger than projected by most economists, which who projected an inflation...