9 Jun

May Jobs Report

Labour Force Report

Posted by: Yen Chi (Frank) Feng

May employment growth in Canada stalled as the unemployment rate ticked up to 6.2% In the first major data release since the Bank of Canada cut interest rates on Wednesday, Statistics Canada Labour Force Survey for May showed a marked slowdown from the April surge. Employment was little changed and the employment rate fell 0.1 percentage […]

Read More
13 May

April Jobs Report Much Stronger Than Expected

Labour Force Report

Posted by: Yen Chi (Frank) Feng

April’s Strong Job Gains Likely Postpone Rate Cuts Until July Today’s StatsCanada Labour Force Survey for April blindsided economists by coming in much more robust than expected. Employment in Canada rose a whopping 90,400 in April, the most in 15 months, following a decline in March, surpassing forecasts by a large margin. Substantial job gains were posted […]

Read More
17 Apr

Canadian Federal Budget 2024: Higher Deficits, Higher Government Spending, And Higher Taxes for the Wealthy

Economics Insights

Posted by: Yen Chi (Frank) Feng

Federal Budget Targets Rich Canadians For New Spending The budget focuses on helping Millennial and Gen Z voters experiencing rising housing costs and other inflationary pressures. The government has set fiscal anchors, such as keeping the deficit below 1% of GDP starting in 2027. The Canadian federal government released its 2023 budget over a year […]

Read More
15 Apr

Housing Data In March Provides Hints Of Coming Strength In Spring

Housing Update

Posted by: Yen Chi (Frank) Feng

Recent Signs Show Housing Activity Will Strengthen Meaningfully In April The Canadian Real Estate Association (CREA) announced today that national home sales for March were roughly flat, while new listings fell and prices stagnated. CREA analysts are confident that recent activity will harken stronger housing markets for the rest of this year.  There is significant pent-up […]

Read More
8 Apr

Canadian Job Market Whimpers in March While US Roars

Labour Force Report

Posted by: Yen Chi (Frank) Feng

March’s Weak Jobs Report Sets The Stage For A June Rate Cut Today’s StatsCanada Labour Force Survey for March is much weaker than expected. Employment fell by 2,200, and the employment rate declined for the sixth consecutive month to 61.4%.  Total hours worked in March were virtually unchanged but up 0.7% compared with 12 months earlier. The details […]

Read More
18 Mar

Canadian Home Sales Stop Falling In February As Prices Hold Steady

Real Estate

Posted by: Yen Chi (Frank) Feng

The Canadian Real Estate Association announced today that national home sales dipped 3.1% m/m in February while home prices were flat, ending a five-month price decline that began last fall. It was noteworthy that prices remained unchanged from January to February, given that they dropped 1.3 from December to January. The MLS Home Price Index […]

Read More
9 Mar

Canadian Employment Gains Strong in February

Economics Insights

Posted by: Yen Chi (Frank) Feng

Today’s StatsCanada Labour Force Survey for February was a mixed bag and shows the dramatic effect of surging immigration. Canadian employment rose by a much stronger-than-expected 41,000, dominated by a 71,000 rise in full-time jobs.  The employment rate–the proportion of the population aged 15 and older who are employed–fell a tick to 61.5%. This is the […]

Read More