Employment Rose in September Following Declines in Prior Two Months

General Kimberly Coutts 10 Oct

Canadian Employment Rises More Than Expected, But Not Enough To Fully Offset Prior Two-Month Job Loss Today’s Labour Force Survey for September was stronger than expected, with a net employment gain of 60,400, but the unemployment rate was steady at 7.1% as more people entered the workforce. The employment gain was driven by full-time work. […]

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The Bank of Canada Lowers the Policy Rate By 25 Basis Points to 2.5%

General Kimberly Coutts 18 Sep

Bank of Canada Lowers Policy Rate to 2.5% Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.5% as was widely expected. Following yesterday’s better-than-expected inflation report, the Bank believes that underlying inflation was 2.5% year-over-year. Through the recent period of tariff turmoil, the Governing Council has closely monitored the […]

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Canadian Housing Market Turns the Corner in August

General Kimberly Coutts 16 Sep

Canadian Home Sales Post Best August In Four Years Today’s release of the August housing data by the Canadian Real Estate Association (CREA) showed good news on the housing front. The number of home sales recorded through Canadian MLS® Systems increased by 1.1% on a month-over-month basis in August 2025. It was the best August for […]

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Bigger Than Expected Drop in Canadian GDP in Q2

General Kimberly Coutts 29 Aug

Tariff Turmoil Takes Its Toll Statistics Canada released Q2 GDP data, showing a weaker-than-expected -1.6% seasonally adjusted annual rate, in line with the Bank of Canada’s forecast, but a larger dip than the consensus forecast. The contraction primarily reflected a sharp decline in exports, down 26.8%, which reduced headline GDP growth by 8.1 percentage points. Business fixed […]

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Good News on the Housing Front As Sales Rose 3.8% m/m in July

General Kimberly Coutts 22 Aug

Canadian Homebuyers Return in July, Posting the Fourth Consecutive Sales Gain Today’s release of the July housing data by the Canadian Real Estate Association (CREA) showed good news on the housing front. Following a disappointing spring selling season, National home sales were up 3.8% in July from the month before, with Toronto seeing transactions rebound […]

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Bank of Canada Holds Rates Steady as Tariff Clouds Linger

General Kimberly Coutts 30 Jul

Bank of Canada Holds Rates Steady As Tariff Turmoil Continues As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the third consecutive rate hold since the Bank cut overnight rates seven times in the past year. The Governing Council noted that the unpredictability of the magnitude and […]

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The Hidden Cost of Breaking Your Mortgage Early

General Kimberly Coutts 24 Jul

You found a better rate. Maybe you’re moving. Or consolidating debt. On the surface, breaking your mortgage might look like a smart move. But before you pull the trigger, take a closer look at the penalty. In many cases, it can eat up most of the savings or potentially worse. This guide explains how prepayment […]

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