Labour Market Weakness Continued in May, Raising the Prospects of a Rate Cut at The Next BoC Meeting Today’s Labour Force Survey for May showed a marked adverse impact of tariffs on the Canadian economy. Employment held steady for the second consecutive month at a modest net job change of 8,800–below expectations. Growth in full-time employment (+58,000; +0.3%) was offset […]
Dr. Sherry Cooper joined Dominion Lending Centres and DLCG Mortgage Group Vice President, Greg Domville, for In Conversation to discuss the latest updates from the Bank of Canada as of June 4, 2025.
La Banque du Canada maintient les taux tels quels pour sa deuxième réunion de suite, alors que le PIB du T1 était étonnamment fort et qu’il reste un risque d’inflation liée aux tarifs douaniers. Comme prévu, la Banque du Canada a laissé son taux directeur inchangé à 2,75 % lors de sa réunion d’aujourd’hui. C’est la deuxième fois de suite qu’elle […]
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 council noted that the unpredictability of […]
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. President Donald Trump imposed tariffs. Growth […]