Economic news Archives - Page 3 of 13 - Mortgage Rates & Mortgage Broker News in Canada

Canada’s merchandise trade falls into deficit as exports tumble

April 3, 2025 No Comments

Canada’s merchandise trade balance swung back into deficit in February, weighed down by a broad-based decline in exports following months of front-loaded shipments ahead of U.S. tariff threats.

Canada spared from Trump’s new import tariffs, but auto sector still faces 25% levy

April 2, 2025 No Comments

Canada has avoided the brunt of a sweeping new round of U.S. tariffs announced today by U.S. President Donald Trump, who unveiled a blanket 10% levy on all imports—excluding only Canada and Mexico under the USMCA trade pact.

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.

Retail sales fall 0.6% in January as holiday bump fades and tariff concerns grow

March 21, 2025 No Comments

After a strong surge in holiday shopping, Canadian consumers eased off the spending pedal in January as economic headwinds—including ongoing tariff uncertainty—tempered demand.

Inflation still too hot for the BoC to cut rates further: Scotiabank

March 20, 2025 No Comments

Scotiabank Economics is warning that inflation remains too persistent for the Bank of Canada to continue cutting rates.

Foreign investors dump U.S. stocks, pour billions into Canadian bonds

March 18, 2025 No Comments

Canada saw a major inflow of foreign capital in January 2025, driven by a surge in bond investments, as global investors reacted to U.S. trade policies.

Inflation jumps to 2.6%, complicating the BoC’s April rate cut decision amid tariff uncertainty

March 18, 2025 No Comments

Canada’s headline inflation surged to 2.6% year-over-year in February, a sharp jump from January’s 1.9% and higher than economists had expected.

CMHC reports seasonally adjusted rate of housing starts slowed in February

March 17, 2025 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed 4% compared with January.

Five things to watch for in the Canadian business world in the coming week

March 16, 2025 No Comments

Five things to watch for in the Canadian business world in the coming week:

Canadian household net worth climbs as assets gain, but debt levels also rising

March 13, 2025 No Comments

Canadian households saw their net worth grow by $236.3 billion (+1.4%) in the fourth quarter of 2024, pushing total household wealth to $17.5 trillion, according to Statistics Canada.

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