Canada’s labor market is stronger than expected, but most weren’t expecting much. Today’s Statistics Canada (Stat Can) Labor Force Survey (LFS) update shows the economy added more jobs than expected in November. However, the data also revealed more laborers were added than work, boosting unemployment. The trend is seen continuing near-term, with recent immigrants bearing […]
The Canadian economy is slowing… or booming. It really depends on when you read the statistics, apparently. Statistics Canada (Stat Can) released real gross domestic product (GDP) data this morning, revealing a sharp contraction in the third quarter. However, it was accompanied by a massive second quarter revision, indicating the economy was performing much better […]
Canada is known for its generous immigration policies but that might change soon. A new survey from Canadian Press and Leger looked at the public opinion on immigration and its impact on services. Most households feel Canada is pursuing an overly aggressive immigration policy contributing to an affordability crisis, and a net negative impact on […]
Canada’s latest trade data was an emotional rollercoaster, showing improvements rather than wiping them out. Statistics Canada (Stat Can) published data for the Q3 2023 current account, which shows the balance of goods and services trade. Some improvements were observed, but not enough to counter the rapid outflow of investment occurring. One of the country’s […]
Canadian real estate has been in growth purgatory for nearly a year, and we should expect another. That’s the takeaway from Scotiabank’s macroeconomic scenarios in their Q4 2023 earnings report. The bank generally expects home prices to fall over the next year, and move much slower than usual in the following years. Canadian Real Estate […]
Young Canadians may need to come to terms with the fact policymakers are driving ownership further out of reach every year. Numbers crunched by the Canadian Housing Statistics Program (CHSP) at Statistics Canada (Stat Can) reveals how ownership has changed over the past 50 years. For young adults, homeownership peaked nearly 40 years ago, and […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Resembles A Return To Victorian-Era Inheritance Culture: Stat Can Canada is quickly reverting back to a Victorian-era style inheritance culture. That was the suggestion from the country’s national statistics agency, when exploring the role of parental wealth on the homeownership […]
Canadian real estate prices are still seeing record growth, just not when it comes to sales. A new research note from BMO shows annual growth of rental prices grew at a record pace in October. They note the issue is complicated even further by rents outpacing income growth for the first time in 60 years. […]
Canadian policymakers have been spending like drunken sailors, and it’s going to cost households. Not just in the form of taxes and service reductions, but on their mortgage too. A new analysis from Scotiabank looked at just how much government spending drove inflation, and thus interest rates. They estimate the Bank of Canada (BoC) overnight […]
Canada’s government is bracing for winter, and not the kind that brings fluffy white stuff. This week the Government of Canada (GoC) released its 2023 Fall Economic Statement. Buried amongst notes on higher deficit spending is a forecast for a sharp decline for labor. Unemployment is forecast to rise by hundreds of thousands of people […]
