This move reflects ongoing concerns over uncertainty which continues to dominate the Bank’s outlook. The Bank’s announcement deviated from its usual practice of issuing a base-case economic forecast. Instead, the bank offered three potential scenarios due to the unpredictability of U.S. trade policies under President Trump. Governor Tiff Macklem highlighted…

In its latest economic outlook released Thursday, CFIB predicts that the economy shrank by 0.8 per cent in the second quarter of 2025 and is set to contract by the same amount in the third quarter. The forecast reflects deep-rooted concerns within the business community, particularly related to ongoing trade…

The findings indicate that nearly 60 per cent of homeowners with existing mortgages are likely to be affected, even though interest rates are expected to decline gradually over the coming years. Many current mortgages were secured during periods of historically low interest rates. As those terms expire, homeowners will transition…

This patriotic shift has led to a surge in the popularity of the Buy Canadian movement. The movement is being felt the strongest in small businesses like Ottawa’s Maker House, where nearly everything is proudly made in Canada. Sales at Maker House have soared since early 2024, with spikes that…

In May, the average asking rent across the country was $2,129, a 3.3 per cent decline compared to the same month last year. While the pace of decrease has slowed the overall trend points to easing pressure on renters following several years of steep increases.  The latest report from Rentals.ca…

Recent financial data indicates consumer spending in areas such as groceries, restaurants, and apparel remains strong. In Canada, grocery spending has proven solid, restaurant activity has remained resilient, and apparel sales are holding strong. These patterns point to steady consumer behaviour, even as inflation and interest rates remain elevated. South…

As discussions to forge a new trade and security agreement begin, Governor Tiff Macklem underscored the urgent need for resolution. He warned that if tariffs remain in place, Canadian consumers can expect higher prices in the months ahead. Speaking to the St. John’s Board of Trade, Macklem outlined the broader…

This trend is beginning to ripple through the wider property sector. New analysis from the Canada Mortgage and Housing Corporation (CMHC) highlights growing concern that current market conditions may stall future efforts to expand housing supply. While recent price declines offer short-term respite for buyers and renters in two of…

The decision reflects growing uncertainty around U.S. trade policy and signs of economic resilience. The hold was anticipated by most economists, but market reactions were mixed. The central bank’s cautious approach comes as Canadian policymakers assess the fallout from escalating tariff tensions with the United States. These trade disputes, largely…

A recent report from Royal LePage highlights how shifting economic conditions, evolving attitudes toward home ownership, and changing demographics are all influencing this trend. According to the report, nearly 30 per cent of Canadians planning to retire in 2024 or 2026 expect to do so with outstanding mortgage obligations. This…