New census data shows how commuting dropped during pandemic, labour force aging
There were 2.8 million fewer commuters in 2021 than in 2016 as the pandemic drove a shift toward remote work, according to Statistics Canada.
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Statistics Canada
Economists see underlying signs of weakening in third quarter GDP numbers
Although the headline growth rate is significantly stronger than forecasters had anticipated, the fall in consumer spending suggest higher interest rates are beginning to affect
Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
Speaking at a conference hosted by Western University’s Ivey Business School in Ottawa on Thursday, the former governor warned today’s economy is more sensitive to
Canada falling behind as electric vehicle sales pick up around the world
Electric-vehicle sales in Canada grew by more than one third in the first half of this year but they are not keeping pace with the
Canada’s annual inflation rate was unchanged in October
Canada’s annual inflation rate held steady at 6.9 per cent last month.
Canadians, economists alike saw little relief from inflation in October: forecasters
Inflation has been heading lower in recent months, but Canadians likely haven’t noticed as gas prices went up and grocery costs continued to soar last
Ottawa-Gatineau’s unemployment rate edges up to 4.2% in October
In its latest labour force survey, Statistics Canada said Friday that the unemployment rate for last month held steady at 5.2 per cent as more
Bank of Canada raises interest rate by half percentage point, says more hikes to come
Economists were split on whether the Bank of Canada would go with half or three-quarters of a percentage point hike ahead of today’s decision.
Canada’s hotter than expected inflation reading sets stage for another rate hike
In its latest consumer price index report, Statistics Canada said the slight deceleration from 7.0 per cent inflation in August is mostly attributed to lower
Most consumers and businesses expect recession; views on inflation diverge: BoC
Consumers have become more pessimistic about inflation in the short run, while business expectations for inflation have eased.
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