Economic News and Forecasts
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Bank of Canada Cuts Rate Again
Sep 4, 2024 | Economic News and ForecastsAs 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 ForecastsThe 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 ForecastsApril 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 ForecastsStatistics 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 ForecastsAs 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 ForecastsNon-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 ForecastsDHI 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 ForecastsStatistics 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 ForecastsJob 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 ForecastsNEW: 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.