gdp Archives - Mortgage Rates & Mortgage Broker News in Canada

Canada’s GDP contracts in February, with more headwinds ahead

April 30, 2025 No Comments

Canada’s GDP started 2025 on a strong note, but February brought a sharp pullback, with growing tariff risks and ongoing uncertainty continuing to cloud the Bank of Canada’s policy outlook.

Markets see additional Bank of Canada rate cuts as economy slows, survey shows

April 28, 2025 No Comments

Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year, according to the Bank’s first-quarter Market Participants Survey.

Strong GDP growth in January may be short-lived as tariff threats loom

March 28, 2025 No Comments

Canada’s economy kicked off 2025 with stronger-than-expected growth, but that momentum may soon stall as looming tariffs threaten to derail the recovery.

Q4 economic growth surges, but tariffs may sway BoC’s next move

February 28, 2025 No Comments

Canada’s economy outperformed expectations to close out 2024, but economists say the Bank of Canada’s next move will likely hinge more on tariff risks than on last quarter’s growth.

November GDP falls short of expectations, marking largest decline since December 2023

January 31, 2025 No Comments

Canada’s real GDP fell 0.2% in November, the largest monthly decline since December 2023, according to Statistics Canada.

Statistics Canada reports real GDP grew 0.3% in October

December 23, 2024 1 Comment

Statistics Canada says the economy grew 0.3% in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2% increase in September.

Large GDP revisions from StatCan raise questions about past federal spending and monetary policy

November 17, 2024 No Comments

Canada’s economic data is under increasing scrutiny following recent GDP revisions, which raised growth figures by a cumulative 1.3 percentage points from 2021 to 2023, sparking concerns among experts.

Consumer spending cools in Q2 as retail sales drop 1.8%

August 23, 2024 No Comments

The latest pullback in Canadian retail sales leaves the door open for another Bank of Canada rate cut on September 4.

Bank of Canada sees less risk of housing market overheating as demand softens

August 7, 2024 No Comments

The Bank of Canada sees less risk of housing market overheating due to affordability issues.

Canada’s economy remains resilient, but for how much longer?

July 31, 2024 No Comments

Even in the face of high interest rates and rising unemployment, the Canadian economy continues to demonstrate resilience.

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