Resilient economy may muddle inflation fight, recession still expected: economists
Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks.
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TD Economics
Canada will see weakest level of home sales since 2001 this year: TD report
The housing market outlook from economist Rishi Sondhi attributes the prediction to the poorest affordability level since the late 80s and early 90s.
Small business outlook for year improves slightly, still shows recession fears: CFIB
Small business owners have a slightly better outlook on the year ahead than a month ago but their short-term outlook has worsened
BoC expected to end year off with one more rate increase, likely to pause hikes soon
Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a
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
CREA reports home sales in typically busy September continued to slow
Compared with a year ago, home sales in September were down 32.2 per cent and about 12 per cent below the pre-pandemic 10-year average for
June home sales down 24% from last year, 6% since May: CREA
The association revealed Friday that June home sales amounted to 48,176, a 24 per cent drop from 63,280 during the same month last year.
May home sales down 22% since last year, 9% from April: CREA
Economists attribute much of the cooling to rising interest and mortgage rates.
CREA reports home sales down in April as mortgage rates rise
The association found the number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021, when the country
UPDATED: Bank of Canada raises key rate half a point to 1% and warns of further hikes to come
The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are
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