Economic News and Forecasts

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Bank of Canada Cuts Rate Again

Sep 4, 2024 | Economic News and Forecasts

As widely expected, the Bank of Canada cut its target overnight again, to 4.25%.


At Last - The Bank Rate Eases

Jun 5, 2024 | Economic News and Forecasts

The Bank of Canada today cut its policy rate by 25 basis points to 4.75% - the first rate cut since July 2023.


Construction Employment Falls In April

May 15, 2024 | Economic News and Forecasts

April 2024's employment in construction is down 0.7% compared to March, according to Statistics Canada's April Labour Force Survey. It is also down 0.3% compared to April 2023.


February GDP - Slight Downside Surprise

May 2, 2024 | Economic News and Forecasts

Statistics Canada released its February 2024 GDP figures April 30, and the results were not as good as their last estimates.


Bank of Canada Maintains Policy Rate at 5% Yet Again

Apr 10, 2024 | Economic News and Forecasts

As was widely expected, the Bank of Canada today maintained its policy interest rate at 5% and said it will continue quantitative tightening. However, the tone of the announcement offered hope of rate cuts to come.


Forecast for Non-residential Building Construction

Apr 4, 2024 | Economic News and Forecasts

Non-residential building construction is forecasted to be soft for 2024, according to Statics Canada's Capital and Repair Expenditures Survey


DHI Canada's Economic Forecast - March 2024

Apr 2, 2024 | Economic News and Forecasts

DHI Canada is pleased to present the March 2024 quick economic analysis and forecast, looking at what's driving the economy and what we can expect to happen (along with risks to the forecast).


Yes, We Have No Recession (So Far)

Mar 28, 2024 | Economic News and Forecasts

Statistics Canada today released its January 2024 GDP data, and the news is surprisingly good. While there may still be a recession in the indeterminate future, it doesn't look like it will be due to Q1 2024.


Job Vacancies in Canada Down Almost 4% Q4 2023

Mar 20, 2024 | Economic News and Forecasts

Job Vacancies in Canada fell by 3.8% in Q4 2023 as the economy continues to soften.


Construction Employment in February Up Over January, But Down Year-over-year

Mar 14, 2024 | Economic News and Forecasts

NEW: analysis of StatsCan Labour Market Report! Employment in construction for February 2024 was up 0.7% nationwide compared to January, but is down 0.6% compared to February 2023. The average hourly wage was down slightly, but weekly hours worked were up.


 
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