Statistics Canada reported this morning that Canada’s economy contracted 0.1% on an annualized basis in the first quarter of 2026. That follows a 1% contraction in the fourth quarter – a downward revision from the figure previously reported. Two...
The Bank of Canada’s Rate Hold Was a Closer Call Than It Looked The Bank of Canada held its benchmark rate at 2.25% in April – leaving prime at 4.45% – its fourth consecutive decision to stay put. Information released this week shows the decision was...
Canada’s Jobs Report – And What It Means for Rate Hike Expectations Statistics Canada released April’s labour market data this morning, and it changes the rate conversation in a meaningful way. Canada shed 17,700 jobs in April. The national...
The Bank of Canada Held – But Watch What the Bond Market Did The Bank of Canada held its policy rate at 2.25% on Wednesday, keeping the prime rate at 4.45%. That decision was widely expected – a Reuters poll of 41 economists published earlier this week...
The Bank of Canada Announces Wednesday – Here Is What to Expect March inflation came in at 2.4%, up from 1.8% in February. Nearly all of that increase was driven by gas prices, which jumped over 21% in a single month as the Iran conflict pushed oil prices...
A lot happened in the mortgage world this week. Here are three stories worth paying attention to – and what they actually mean for your situation. The Renewal Payment Shock Is Real – But It Depends on Your Mortgage Type New data released this week puts a...
