Economic Updates

Recent changes to the federal immigration plan weren’t accounted for in the underlying economic assumptions, adding downside risk to the fiscal...

The drastic reduction in immigration targets announced by the federal government is one of the more consequential policy reversals in recent memory.

Households in aggregate are sitting on record levels of savings. But under the surface, there are clear signs the average Canadian consumer is...

The economy expanded an annualized 2.8% in Q2, almost double the 1.4% growth rate in Q1.

We think Friday’s Canadian employment report should tell a familiar story—that the labour market has continued to weaken in October amid slowing...

October’s payroll gain was heavily distorted by the impact of hurricanes, a large manufacturing sector strike, and an unusually low survey response...

GDP data in Canada continues to paint a soft picture of the economy, with output growth stagnating in August and downward revisions to June and July...

Claire Fan and Carrie Freestone discuss the jumbo BoC interest rate cut, why it was bigger and what to expect going forward, given the new immigration...

The Canadian government has been under growing pressure to align the inflow of newcomers to the country with current labour market needs and...

After a first interest rate cut in June, the Bank of Canada again lowered its key overnight rate by 25 basis points to 4.5%.

Higher mortgage payments certainly hurt the total amount of income available in the economy to spend, but higher unemployment does as well.