Economic News and Forecasts
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April 2019 Investment in Building Construction
Jun 24, 2019 | Economic News and ForecastsStatistics Canada has released building construction investment statistics for April 2019. Overall building investment grew at a seasonally adjusted 2.5% to $14.87 billion current dollars over the March 2019 levels. Most of the growth came from residential construction...
DHI Canada 2019 Economic Review and Forecast
May 1, 2019 | Economic News and ForecastsDHI Canada is pleased to present the first quarter 2019 economic review and updated forecast.
2018 GDP Estimates Released
Apr 3, 2019 | Economic News and ForecastsGlobal News is reporting that Canada's GDP is estimated to have grown by 1.8% in 2018, below forecasts of 2.1% but in line with our November 2017 forecast (below) of 1.8% to 1.9%. Very slow growth in the fourth quarter pulled GDP for the year down.
DHI Economic Briefing - Construction Activity Report 2018
Feb 25, 2019 | Economic News and ForecastsStatistics Canada has released reports on construction activity for December 2018 and GDP for November 2018. Growth in the construction sector has been driven by increases in non-residential construction, but the picture net of inflation isn't quite so rosy....
DHI Canada Economic Review and Forecast
Dec 13, 2018 | Economic News and ForecastsDHI Canada is pleased to present its economic review and forecast for 2018-19.
2017 GDP Figures Released
Apr 23, 2018 | Economic News and ForecastsStatistics Canada today released results for 2017 GDP. The economy grew in 2017 by 3.0% (the high end of our forecast from November 1), driven by household spending, business investment in non-residential structures and machinery and equipment, and exports of goods and services...
Bank of Canada Holds the Line on Interest Rates
Mar 7, 2018 | Economic News and ForecastsThe Bank of Canada today kept its target interest rate at 1.25% today. Analysts say this is due to a combination of international trade uncertainty and slowing growth in jobs and the economy. The international trade front is clouded by the Trump administration's recent announcement of higher tariffs...
Canadian Operating Profits Down in Q4 2017
Feb 23, 2018 | Economic News and ForecastsStatistics Canada reports that operating profits from Canadian corporations decreased by 1.9% in Q4 2017 compared to the prior quarter, and were 0.7% lower than Q4 2016. Total profits earned by Canadian corporations in the last quarter of 2017 were $98.6 billion...
Canadian Building Permit Activity - December 2017
Feb 9, 2018 | Economic News and ForecastsStatistics Canada released December 2017 building permit data this week. December 2017 saw a slight decrease in non-residential construction permits issued compared to November, but overall, December 2017 showed growth in permit activity over the same month in 2016...
Bank of Canada Raises Interest Rates
Jan 17, 2018 | Economic News and ForecastsAs predicted, the Bank of Canada raised its target interest rate by a quarter point to 1.25% today. The Bank cited a positive business outlook, recent strong jobs reports, inflation at or near the 2% target, and forecast economic growth of 2.2% in 2018 as reasons for the rate hike...