Economic Insights Archives - Page 5 of 48

Canadian Employment Growth Stalled In July, While the Jobless Rate Held Steady at 6.4%

August 9, 2024

Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-Play Canadian employment data, released today by Statistics Canada, showed a continued slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Employment declined again in July, down 2.8K. The employment rate—the proportion of […]

Canadian Inflation Decelerates to 2.7%

July 16, 2024

Canadian Inflation Fell in June, Setting the Stage For BoC Rate Cut Inflation unexpectedly slipped 0.1% (not seasonally adjusted) in June, following a 0.6% increase in May. This was the first decline in six months. The monthly decrease was driven by lower prices for travel tours (-11.1%) and gasoline (-3.1%). The Consumer Price Index (CPI) rose 2.7% year over year in June, down from a […]

June Home Sales in Canada Show Early Signs Of A Pick-Up After BoC Easing

July 12, 2024

Early Signs Of Renewed Life In June Housing Markets The Canadian Real Estate Association (CREA) announced today that national home sales rose 3.7% between May and June following the Bank of Canada’s rate cut. While activity was still muted, it wasn’t nearly as weak as the media recently portrayed. “It wasn’t a ‘blow the doors off’ month by any means, […]

Weaker-than-expected Jobs Report Keeps Further BoC Rate Cuts In Play

July 5, 2024

Weaker-Than-Expected June Jobs Report Keeps BoC Rate Cuts In Play Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Nevertheless, the Bank of Canada will continue to cut interest […]

Canadian Inflation Cools to 2.5% y/y in July, Ensuring BoC Rate Cut on Sept 4.

Canadian Employment Growth Stalled In July, While the Jobless Rate Held Steady at 6.4%

Canadian Inflation Decelerates to 2.7%

June Home Sales in Canada Show Early Signs Of A Pick-Up After BoC Easing

Weaker-than-expected Jobs Report Keeps Further BoC Rate Cuts In Play