Economic News and Forecasts
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DHI-C's Quick Economic Review/Forecast
Jan 25, 2024 | Economic News and ForecastsWe're pleased to present DHI Canada's January 2024 quick economic forecast/review, covering 2024 and a peek at 2025. It may be a little sobering, but it isn't all doom and gloom.
Bank of Canada Holds Rates Again
Jan 24, 2024 | Economic News and ForecastsThe Bank of Canada today announced it was once again holding the policy interest rate at 5%.
Surprise No Surprise - BoC Holds the Line
Dec 8, 2023 | Economic News and ForecastsAs widely expected, the Bank of Canada (BoC) held the line on interest rates December 6, keeping its policy rate at 5%.
Q3 GDP Worse Than Expected - Should We Brace for Impact?
Dec 1, 2023 | Economic News and ForecastsStatistics Canada released the Q3 GDP yesterday, and it was down 0.3% compared to Q2; this equals a 1.1% annualized decline. StatsCan also restated all dollar amounts in 2017 dollars - previously, they had used 2012 dollars. This changed the Q2 results.
August GDP Was Flat, and the Rest of the Year Looks That Way, Too
Nov 1, 2023 | Economic News and ForecastsStatistics Canada released the August GDP figures yesterday and, as widely expected, GDP for the month was essentially unchanged from July. The forecast for September is also no growth, so the balance of the year will probably also be flat.
Bank of Canada Holds Interest Rate But Sounds Cautious Note
Oct 25, 2023 | Economic News and ForecastsThe Bank of Canada held its benchmark interest rate at 5% again today, while expressing concern about the slow progress towards its inflation target.
July 2023 GDP Results Released
Sep 29, 2023 | Economic News and ForecastsStatistics Canada today released the July 2023 GDP figures; as expected, total economic output remained unchanged from June.
A Bundle of Economic News!
Sep 13, 2023 | Economic News and ForecastsSeptember 13, 2023 - GDP growth slowed slightly in Q2; annualized, it fell by 0.2%. June GDP was down by 0.2% compared to May. The Bank of Canada held interest rates steady at 5.00%. Unemployment in August was unchanged at 5.5%. Tougher times ahead?
The Economy Is On Fire (Sort Of)
Jul 28, 2023 | Economic News and ForecastsJuly 28, 2023 - Statistics Canada released May GDP results, showing the economy is still hot - in more ways than one.
May Building Construction Data Released
Jul 20, 2023 | Economic News and ForecastsStatistics Canada released its May 2023 investment in building construction data. Overall, investment fell by 1.2% compared with June 2023, driven by a decrease of 1.7% in residential construction. Non-residential construction investment remained largely unchanged...