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…

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…

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…

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 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…

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…

The Bank of Canada is poised to bring its quantitative tightening program to an earlier conclusion than previously anticipated, signalling a shift in monetary policy as the country navigates the post-pandemic economic landscape. Since the onset of the COVID-19 pandemic, the Bank of Canada, led by Governor Tiff Macklem, has…

Amidst the backdrop of persistent inflation and economic uncertainty, the Bank of Canada finds itself in a precarious position, unable to determine when it will initiate rate cuts. The recent summary of the Bank’s deliberations following its January 24 rate decision sheds light on the complexities facing policymakers as they…

The Bank of Canada finds itself in a nuanced position as recent economic indicators paint a rosier picture than anticipated, alleviating pressure on policymakers to implement rate cuts in the near term. Recent reports highlighting stronger-than-expected economic performance have tempered expectations of imminent rate reductions. The Canadian economy showcased resilience…

The total home sales for 2023, amounting to 443,511 units, marked a decline of more than 11 per cent compared to the previous year. This represents the lowest annual level for national sales activity since 2008, according to CREA. Although there was a slight uptick in sales in December 2023…