Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. It’s been ‘hard to sell’ in many housing markets across Canada. Here’s why The balance is shifting in Canada’s housing market, with realtors in most major markets saying home sales are slowing from Vancouver to Toronto. For home sellers who missed the signs, the slowdown can come as a… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Over 2 million mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC Canada’s housing agency is warning of a looming “shock” for borrowers renewing their mortgages as a new analysis shows the pain of higher interest rates is starting to put pressure on some homeowners. Canada Mortgage… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Interest rates could stay higher for longer. What that means for your portfolio Higher interest rates have weighed on many Canadian’s portfolios so far this year. Here’s how fresh expectations for the Bank of Canada’s rate path might affect markets. Plateauing Canada’s immigration levels ‘step in the right direction,’… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why the Bank of Canada and other forecasters keep misreading the economy Abacus Data conducted a fascinating survey recently of smaller companies for Business Development Bank of Canada’s Small Business Week. Feds post $4.3 billion deficit as high interest rates grow public debt charges The federal government posted a… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Retail sales slowdown shows rate hikes ‘seem to be working’: economist Some experts say retail has always been a tough business, as the sector continues to face the perfect storm of challenges — including high interest rates and supply shortages. Statistics Canada says retail sales fell 0.1 per cent to $66.1… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada is in for a cooler winter in real estate as sales slow: CREA Home sales in Canada were down again in September as listings rose, the Canadian Real Estate Association (CREA) said Friday, also lowering its sales and price forecast. Record number of Canadians sour on state of economy as financial woes… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bank of Canada warns of inflation ‘feedback loop’ Bank of Canada official Nicolas Vincent has warned there could still be significant hurdles when it comes to getting inflation back to the central bank’s target of two per cent. How interest rates will drive Canada’s housing market in coming months Lower… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s economy was flat in July, new GDP numbers from Statistics Canada show Canada’s gross domestic product was essentially unchanged in July, as the service sector expanded slightly while goods-producing industries shrank. Statistics Canada reported Friday that the total value of Canada’s entire economy was essentially unchanged during the… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. B.C. port strike affected 17% of retailers with auto sector hit hardest Statistics Canada said the on-and-off strikes at BC ports in July affected 17 per cent of retailers. Sales at motor vehicle and parts dealers were the hardest hit, the agency said. Alberta to debate Canada Pension Plan,… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. The unprecedented transfer of wealth and transformation in Canadian family businesses A significant transformation is on the horizon for Canadian family businesses, signalling an era of change and new thinking. With the next decade set to witness the largest capital transfer in Canadian history, today’s decisions will be pivotal… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada added 40,000 jobs in August — but it added 100,000 more people, too Canada’s economy added 39,900 jobs last month, about twice as many as expected, but also only about half as many as would be needed to keep up with population growth. Statistics Canada reported Friday that… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s economy contracted during 2nd quarter, StatsCan says The Canadian economy appeared to stall in the second quarter as investment in housing continued to fall, led by a drop in new construction. Statistics Canada said Friday the economy contracted at an annualized rate of 0.2 per cent in the second quarter.… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why America’s election is Canada’s business One could say without exaggeration that Canadians follow American elections just as closely as they do their own federal politics. And rightly so. Our economy and security are fully intertwined with our southern neighbour, a superpower and still the largest economy in the… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Small business owners optimistic despite economic uncertainties A survey of small business owners in Canada found that despite economic uncertainties, a majority of Canadian small business owners and self-employed professionals are confident their businesses will thrive for the remainder of the year. ‘The hard work begins.’ Economists expecting rise… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economists expect rise in inflation as price-growth fight enters new phase Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation. Air Canada profits soar amid booming demand for international travel —… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Business groups ask government for labour changes after end of B.C. port dispute Business groups continued to call on the federal government to take action in the wake of the recently resolved British Columbia port workers dispute on Saturday, arguing Ottawa must ensure such a disruption never happens again.… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economy hit ‘sharp reversal’ in June. What this means for the Bank of Canada Canada’s economy kept growing in May, but early signs of a long-awaited slowdown started to appear in June, according to Statistics Canada. The Bank of Canada has said that future rate decisions, including its next one on… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Inflation has fallen, but the Bank of Canada hasn’t backed off rate hikes. Here’s why Canada’s inflation rate has returned to the country’s target range after a tumultuous couple of years of soaring prices. But despite the good news, the Bank of Canada is still in inflation-fighting mode and… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s hot housing market ‘settling down’ amid rate hikes, new listings A return to Bank of Canada interest rate hikes and growth in new listings started to cool off the housing market in June, according to the Canadian Real Estate Association. Here’s what could send the Canadian dollar higher… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Struggling mortgage holders could see lenders waive fees under new guidelines Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher interest rates. Canada unexpectedly posts largest trade deficit since 2020 Canada’s merchandise… Read more