Canadian economy shrank 1.1 per cent in Q3 on annualized basis, StatCan says
The Canadian economy shrank in the third quarter amid weak business and consumer spending as well as lower exports.
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James Orlando
BoC holds key interest rate at 5%, keeps door open to more hikes in case of sticky inflation
The Bank of Canada held its key interest rate steady at five per cent today, noting there are clearer signs of the economy cooling and
Inflation likely gained pace in August, economists expect, reversing progress
Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
Ottawa-Gatineau’s unemployment rate ticks up to 4.5% in July
Ottawa-Gatineau’s unemployment rate continued to rise last month as the workforce kept growing faster than the number of new jobs created. Statistics Canada said Friday
A dip in inflation may not be enough to stop the BoC from raising rates next month
Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate
Region’s unemployment rate holds steady at 4.2% in May as labour force grows
Canada’s unemployment rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any
BoC may have to raise interest rates again this summer given recent momentum, economists say
Momentum in the Canadian economy is spurring speculation that an interest rate hike is on the way, but economists don’t expect the Bank of Canada
Inflation likely slowed again in April, but economists say wage growth a top concern
Canadians’ wages are finally growing faster than prices as inflation continues to ease, but that isn’t necessarily good news for economists.
BoC might have to rethink rate pause as unemployment remains very low: economists
Statistics Canada’s latest labour force survey released Friday says the unemployment rate held steady at 5.0 per cent for the fifth consecutive month.
BoC surveys show businesses, consumers gear up for slowdown as economy softens
Businesses and consumers are expecting inflation to slow faster than they previously thought but as high interest rates weigh on the economy, they’re also adjusting
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