Economics

The Bottom Line: April’s headline inflation rate came in close to expectations at 1.7% (down from 2.3% in March) but with the drop entirely from the removal of the consumer carbon tax from energy products.   Measures controlling for that tax change (including the BoC’s preferred median and trim inflation measures) surprised on the upside. Higher prices […]

The deficit is expected to deepen to $14.6 billion in 2025-26—marking a $10 billion deterioration from the deficit anticipated in Budget 2024.

The full impact of trade tensions on buyer sentiment may be nearing its peak as a price correction takes place in the most expensive markets.

U.S. trade agreements are trimming downside growth risks, but the average U.S. tariff rate is still the highest since the 1930s.

The Fed's statement emphasized the growing uncertainty surrounding both of their mandates – inflation risks are intensifying and the risks to unemployment are climbing.

The MLS Home Price Index fell again in several markets in April — extending months-long negative streaks for the most part.

The Canadian goods trade deficit narrowed from -$1.4 billion in February to -$0.5 billion March as the share of exports meeting CUSMA/USMCA rules have risen.

Here are 10 key charts that explain what’s happening with housing construction and stock in Canada and what’s ahead.

The first set of provincial GDP estimates confirmed our earlier forecast that Prairie provinces would emerge as Canada’s economic growth leaders in 2024.

The print has some large pre-tariff distortions: a surge in imports drove the trade gap wider and this was only partially offset by a ramp up in inventories.

It’s too early to fully assess how a new government will impact Canada’s economy over time, but here are key areas worth highlighting.