economic news Archives - Mortgage Rates & Mortgage Broker News in Canada

Oxford warns of Canadian recession, says immigration slowdown and tariffs to blame

May 16, 2025 1 Comment

Oxford Economics now sees a Canadian recession as all but certain, citing a mix of global trade shocks, waning business investment and a slowdown in immigration.

Big drop in commercial projects drags down March building permits

May 14, 2025 No Comments

The value of building permits in Canada fell 4.1% in March to $12.9 billion, pulled down entirely by a steep decline in non-residential construction, according to new data from Statistics Canada.

This week’s economic calendar: Housing data, BoC survey, and more

May 11, 2025 No Comments

This week brings a few key Canadian economic releases that will shed light on housing, lending conditions, and overall economic momentum.

U.S. job growth defies expectations again, but tariff risks lurk

May 2, 2025 No Comments

U.S. job growth beat expectations for the second consecutive month, but economists warn the effects of reciprocal tariffs are still to come.

Dip in February retail sales strengthens case for another BoC rate cut

April 25, 2025 No Comments

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

Townhouses under construction are seen in Delta, B.C.

CMHC reports annual pace of housing starts slowed in March

April 15, 2025 No Comments

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

Building permits rise in February, but residential construction weakens

April 10, 2025 No Comments

Canada’s building permit activity picked up in February, rising 2.9% to $13.1 billion, according to new data from Statistics Canada.

FOMC minutes show Fed remains cautious on rate cuts amid inflation and tariff risks

April 9, 2025 No Comments

The Federal Reserve is in no hurry to cut interest rates, according to minutes from its March meeting. While economic growth remains solid and the labour market is holding up, policymakers expressed growing concern over persistent inflation and the potential impact of tariffs.

Tariffs, tech, and Tesla: What’s driving the current market chaos

April 7, 2025 No Comments

What a week we saw in the markets. Weeks like this are only rivalled by a few moments in history—the COVID-19 meltdown in 2020, the Global Financial Crisis in 2008, and the tech wreck in 2001.

‘Now what?’: North American stock markets sink for second day on tariff fears

April 4, 2025 No Comments

Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump’s tariffs continue to stir recession fears.

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