New Listings Up, Sales Down, and Prices Flat: What Does It Mean for the Fall Real Estate Market?  The Canadian Real Estate Association (CREA) released their August data, which shows that home sales are down 0.7% nationally in the past month. It also showed that although home prices remained flat since July, they are down […]

Inflation Remains at 3%, But Drivers Are Changing  August inflation data is now out, and the headline is of course a 3% year over year increase for August. Compared to July, it’s actually down by 0.1% (not seasonally adjusted). If we exclude gasoline, the number drops to 2.4% for August. The main drivers of inflation […]

Weak August Jobs Report In Canada Takes BoC Tightening Off The Table–The Opposite Is Likely For Federal Reserve  Employment in Canada fell by 41,700 in August, reversing some of the labour market momentum seen in recent months as the manufacturing sector posted the only significant increase. The employment rate fell 0.1 percentage points to 60.8%. The […]

Bank of Canada Holds Policy Rate Steady Again, As Expected Today, the Bank of Canada once again held the policy rate at 2.25%, the level it has held since October 2025. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. According to the […]

Canada’s Economy Grows by 3.3% in Q2 as Q1 Was Revised Into Positive Territory Statistics Canada reported this morning that the Canadian economy grew at a whopping 3.3% pace in the second quarter, following an upwardly revised 0.3% in Q1 led by upward revisions to exports, particularly non-metallic minerals and energy products.  This wipes out […]

Housing Market Activity Picked Up Again in July As New Listings Slowed and Prices Ticked Up For the First Time in Almost Two Years According to data released this morning by the Canadian Real Estate Association (CREA), the Canadian housing market continued to improve in July. Home sales increased month-over-month (m/m) by 0.5%, marking the […]

Canadian CPI Inflation Edges Up to 3.0% in July, While Core Inflation Remains Below Its 2% Target The Consumer Price Index (CPI) rose 3.0% y/y in July, following the June gain of 2.8%. The inflation uptick was caused by higher gasoline prices and a rise in the cost of travel tours. Slowing the faster price […]

So Much For Recession Worries, The July Jobs Report For Canada Was A Blockbuster Surprisingly strong employment gains in July confirm the economy is recovering from its Q4-’25 to Q1-’26 weakness. This is consistent with the strong July GDP figures, which point to 3.8% growth in the second quarter following a -1.0% dip in Q1. […]

Housing Market  Momentum Persists in June, and the Bank of Canada Held Rates Steady Canada’s housing market gained meaningful momentum in May and June. The number of home sales recorded over Canadian MLS® Systems edged up a further 0.5% on a month-over-month basis in June 2026. This builds on the 5.5% jump recorded in May and […]

Canadian Inflation Rose to 3.2% in May as Core Inflation Remained Subdued Higher gasoline prices pushed Canadian inflation to a more than two-year high, while underlying inflation pressures showed little sign of accelerating, with core measures broadly unchanged and price gains less broad-based. Canada’s annual inflation rate rose to 3.2% in May, Statistics Canada reported […]