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

Canada sees largest monthly drop in residential construction investment since 2021

June 23, 2025 No Comments

Residential construction investment fell 4.5% in April to $15.5 billion, the steepest monthly decline in dollar terms in nearly three years, led by a sharp pullback in multi-unit projects.

Retail sales rebound in April, but warning signs point to slowdown ahead

June 20, 2025 No Comments

While April marked a second month of gains, early data for May suggests the rebound is already faltering amid trade tensions and weakening demand.

Canada sees near-zero population growth as non-permanent resident numbers fall

June 18, 2025 7 Comments

Canada’s population was virtually unchanged in the first quarter of 2025, marking the slowest growth since the early days of the pandemic.

Gantry cranes tower above container ships being unloaded and loaded at port, in Vancouver

U.S. trade, geopolitics top financial concerns among Canadians: HOOPP survey

June 18, 2025 No Comments

A new survey finds geopolitical instability and U.S. trade tensions are top sources of financial concern for Canadians, and even impacting retirement planning for some.

January 2023 Bank Of Canada Announces Rate Decision

Why the Bank of Canada held its policy rate in June, despite rising risks

June 17, 2025 No Comments

The Bank of Canada saw enough reasons to stay put on interest rates earlier this month, even as economic clouds gathered and pressure for rate cuts grew.

Housing starts held firm in May as strong Prairie and Quebec activity offset B.C. slowdown

June 16, 2025 No Comments

Canada’s housing starts remained elevated in May, with the seasonally adjusted annual pace clocking in at 279,510 units—virtually unchanged from 280,181 in April, according to Canada Mortgage and Housing Corporation (CMHC).

National building permits drop 6.6% in April, led by steep pullback in Vancouver

June 12, 2025 No Comments

Canadian building intentions declined sharply in April, with the total value of permits falling 6.6% to $11.7 billion, led by a steep pullback in multi-family housing plans in British Columbia, according to Statistics Canada.

The construction of new housing in Markham, Ontario

Ontario housing starts at lowest level since 2009, financial watchdog says

June 11, 2025 No Comments

Ontario’s housing starts for the first quarter of this year were at the lowest levels since 2009, the province’s financial accountability officer said in a report Wednesday.

U.S. inflation softens in May, but Fed still expected to hold through summer

June 11, 2025 No Comments

Both core and headline CPI came in below expectations, but economists say tariff risks and solid job growth leave the Fed in wait-and-see mode until fall.

CIBC: Record trade deficit supports BoC cuts in July, September

June 5, 2025 No Comments

Canada’s merchandise trade deficit ballooned to a record $7.1 billion in April, prompting CIBC to say the economic hit supports interest rate cuts at the Bank of Canada’s next two meetings.

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