Economic Insights Archives - Page 13 of 49

Canadian Employment Gains Stronger than Expected in November, While Unemployment Rose and Hours Worked Fell

December 1, 2023

Jobless Rates Hits 22-Month High–Led by Losses in Finance and Real Estate EmploymentToday’s StatsCanada Labour Force Survey for November was a mixed bag. Total employment gains were stronger than expected. However, the rising unemployment rate and drop in hours worked were signs of mounting economic weakness, especially in the financial and real estate sectors. Employment in Canada rose by 24.9K in […]

Q3 GDP Weaker Than Expected Paving The Way For Future Rate Cuts

November 30, 2023

The Table Is Set For Rate Cuts In 2024 The Canadian economy weakened far more than expected in the third quarter, down 1.1% annually. However, the Q2 figures were revised up significantly from a 0.2% decline to a rise of 1.4%. Such are the vagaries of economic data. The Canadian economy is contracting despite the positive impetus of rapid population […]

Canadian Inflation Fell to 3.1% (y/y) In October, Ensuring the BoC Holds Rates Steady

November 21, 2023

Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report showed a continued improvement, mainly due to falling year-over-year (y/y) gasoline prices. The October Consumer Price Index (CPI) rose 3.1% y/y, down from the 3.8% rise in September. There were no surprises here, so markets moved little on the news. Excluding gasoline, the CPI rose 3.6% […]

Canadian Home Sales Slump Accelerates in October

November 15, 2023

Home Sales Plummet In October Housing affordability is the number-one issue causing the significant decline in housing activity, adding to PM Justin Trudeau’s political problems. With the growing impact of unaffordable housing and the slowing labour market, activity in the real estate market should remain subdued for the rest of this year. Home sales dropped 5.6% month-over-month (m/m) in October–the fourth consecutive […]

Will the Bank of Canada diverge from the US Fed on rate cuts?.

Canadian Employment Gains Stronger than Expected in November, While Unemployment Rose and Hours Worked Fell

Q3 GDP Weaker Than Expected Paving The Way For Future Rate Cuts

Canadian Inflation Fell to 3.1% (y/y) In October, Ensuring the BoC Holds Rates Steady

Canadian Home Sales Slump Accelerates in October