The Canadian Economy Grew 0.2 Per Cent in February

According to Stats Canada, the country’s economy saw a slight rise of 0.2% in February with early estimates stating we can expect to see a similar picture the following month. The February figures were a tick lower than many analysts had expected, leading to some disappointment, although there was also…

Cost Of Living Worsens As Sales Fall in Canada

Statistics Canada’s advance estimate for March revealed that retail receipts remained unchanged, following a 0.1 per cent decline in February, disappointing expectations for a rebound. The lackluster performance in the retail sector has raised concerns, with analysts pointing to various factors contributing to the subdued spending environment. Rising costs of…

Higher Gas Prices Push Inflation Up

The annual inflation rate now stands at 2.9 per cent, up from 0.1 per cent compared to the previous month. While year-over-year inflation has seen a modest increase, excluding volatile gasoline prices reveals a different picture. Statistics Canada’s consumer price index for March 2024 showed a 2.9 percent increase compared…

Climate Change Takes its Toll on Canadian Farming

The recent fiscal year for Saskatchewan, for example, saw an anticipated surplus of over $1 billion evaporate into a deficit of approximately $482 million due to drought and subsequent crop insurance payouts.  Guillaume Lhermie, director of the Simpson Centre for Food and Agricultural Policy at the University of Calgary, warns…

Canadian Economy Resilient Amidst Uncertainty

Preliminary data from Statistics Canada indicates that the gross domestic product (GDP) expanded by 0.4 per cent in February, following a 0.6 per cent growth in January. These gains, particularly in sectors such as oil and gas, manufacturing, and finance, suggest a promising start to the year and mark the…

Canada Gets a Welcome Surprise as Inflation Cools

Inflationary pressures in Canada showed signs of easing in February, with the annual inflation rate falling to 2.8 per cent, according to Statistics Canada. This news comes as a surprise to economists who had anticipated a rise to 3.1 per cent, marking a departure from earlier projections. Factors contributing to…

Canadian Economy Struggles but is Expected to Improve

Canada’s economic slowdown may see a turnaround later this year, according to a recent report from RBC Economics. While the country’s GDP growth has lagged behind population gains, economists suggest that a rebound could be a reality in the not too distant future. This signals that Canadians need to dig…

The Bank of Canada Keeps Interest Rates at 5 Per Cent

The Bank of Canada held interest rates at 5 per cent on Wednesday, meeting almost all expert forecasts. Economists have also forecast that Canadian homeowners may need to wait until the summer at least until the financial pressure eases. However, despite the short term not looking much better, there’s plenty…

Canadian Houses Prices Increase

Despite various downward pressures on the market, the housing sector has shown resilience, suggesting underlying strengths in the Canadian economy. The recent surge in Canadian house prices comes at a time when the global economic landscape is facing uncertainties. In Canada, the economy narrowly avoided a recession, with gross domestic…