Proof Point

Restrictions to the flow of goods and services across the U.S. border could seriously harm Canadian businesses and communities.

The asking rent for units across Canada fell for the first time in three years in October with big declines seen in the largest and most expensive cities.

Lower-wage industries in Canada with more younger workers have been disproportionately impacted by the recent softening in labour demand.

Households in aggregate are sitting on record levels of savings. But under the surface, there are clear signs the average Canadian consumer is suffering.

Higher mortgage payments certainly hurt the total amount of income available in the economy to spend, but higher unemployment does as well.

The income earned by graduates has lagged tuition growth, particularly in fields such as engineering, architecture, and related sciences.

The introduction of tariffs on imports, particularly from China, hasn’t lessened U.S. dependence on trade or improved the overall U.S. trade deficit

Here’s a look back at 10 of the most popular Proof Points in the past 12 months.

Real per person output has declined in six of the past seven consecutive quarters and unemployment has risen at the same time.

Rental housing starts surpassed 80,000 per year in 2022 and 2023, nearly doubling the average pre-pandemic (2015–2019) annual increase.

Demand for Canadian tourism has yet to fully recover from the pandemic and is being impacted by global geopolitical uncertainties.

The recent outperformance of the U.S. economy is led by the services sector—a driver that hasn’t materialized in the Canadian economy to the same extent.