Weak Canadian job growth in March and rising unemployment is the first harbinger of a trade-war induced economic slowdown

April 4, 2025

Weak Canadian Job Creation Is The First Fallout From The Trade War Today’s Labour Force Survey for March was weaker than expected. Employment decreased by 33,000 (-0.2%) in March, the first decrease since January 2022. The decline in March followed little change in February and three consecutive months of growth in November, December and January, totalling 211,000 (+1.0%). The employment rate—the proportion of the population aged 15 and […]

Canadian Inflation Jumped to 2.6% y/y in February As GST Tax Holiday Ended

March 18, 2025

Canadian Inflation Surged to 2.6% in February, Much Stronger Than Expected The Consumer Price Index (CPI) rose 2.6% year-over-year (y/y) in February, following an increase of 1.9% in January. With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This put upward pressure on consumer prices for those items, as taxes paid by consumers are included in the CPI. While […]

Canadian home sales plunged in February, spooked by tariff concerns

March 17, 2025

Global Tariff Uncertainty Sidelined Buyers Canadian existing home sales plunged last month as tariff concerns moth-balled home buying intentions.  According to data released Monday by the Canadian Real Estate Association, transactions fell 9.8% from January. Activity was at its lowest level since November 2023. Benchmark home prices declined 0.8%, and new listings plunged, more than reversing January’s gains. Housing continues […]
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