UPDATED: Economy posted no growth in the fourth quarter, but consumer spending is holding on
On Tuesday, Statistics Canada said real gross domestic product was unchanged in the fourth quarter of 2022 after five consecutive quarters of growth.
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Bank of Canada
Canada’s inflation rate is expected to fall significantly this year. Here’s why
Inflation, which first began creeping higher in 2021, took off dramatically last year and peaked at 8.1 per cent in the summer.
Canada’s annual inflation rate slowed in January but grocery prices remain high
In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year
High gas prices may have curbed downward inflation trend in January: economists
Economists have been encouraged by recent month-to-month trends, which have shown prices have been rising at a slower pace.
Macklem says economy still overheated and jobs market is too tight
Statistics Canada’s most recent labour force survey revealed the economy added 150,000 jobs last month as the unemployment rate hovers around record-lows.
Home sales in Canada post worst start to the year since 2009: CREA
The drop came as January sales also fell on a month-over-month basis as they dropped three per cent compared with December.
What tech layoffs, temporary foreign workers and boomers mean for the labour force
Neither layoffs hitting tech companies nor a shortage of workers seem to be weighing heavily on the country’s jobs numbers.
Canadian labour market shows no signs of slowing despite high interest rates
Employment growth in Canada blew past economists’ predictions in January, even as forecasters had expected higher interest rates to weigh on the labour market.
Hot economy, inflation were at crux of BoC’s last rate decision: summary
The Bank of Canada’s governing council ultimately decided to hike its key interest rate last month because of ongoing strength in the economy and inflationary
Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem
Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is
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