Economic News and Forecasts
News Categories
2020 Economic Forecast
Jan 1, 2020 | Economic News and ForecastsOur 2020 economic forecast, written in November 2019 and published in Door Security + Safety magazine's January issue calls for moderate growth in 2020's Canadian GDP (1.4%) amid a general softening of the economy. At the time, we identified uncertainty around pending resolution...
Q3 2019 GDP Growth Rate Slows, As Expected
Dec 4, 2019 | Economic News and ForecastsStatistics Canada released Q3 GDP figures on Friday. Overall, they show a moderated growth rate of 1.3% (quarter over quarter, seasonally adjusted at annual rates [SAAR]). Of interest to DHI-C members, non-residential building activity showed annualized growth of 11.1%...
Bank of Canada Maintains Overnight Rate
Dec 4, 2019 | Economic News and ForecastsAs was almost universally expected, the Bank of Canada maintained its overnight rate at 1.75% today. In its press release, the Bank said there is evidence the global economy is stabilizing and it expects global growth to edge higher over the next couple of years....
August 2019 Investment in Building Construction Data Released
Oct 28, 2019 | Economic News and ForecastsOn October 21, Statistics Canada released the August Investment in Building Construction figures. Nationally, investment grew by 1.4% compared to July (seasonally adjusted at annual rates, and expressed in current dollars). Most of that growth was in residential construction (up 1.8%)...
August 2019 Construction Permit Data Released
Oct 9, 2019 | Economic News and ForecastsStatistics Canada today released data on building permits for August 2019. Overall, building permit activity declined by 1.7%, from $10.0 billion to $9.8 billion. Residential activity increased by 7.2% ($6.4 billion in August compared with $6.0 billion in July) but non-residential permits declined...
July 2019 GDP Data Released
Oct 1, 2019 | Economic News and ForecastsStatistics Canada today released GDP data for July. Goods-producing industries' output fell by 0.7% while service-producing industries grew by 0.3%; the net result was no GDP growth for the month. Non-residential construction was up by 0.7% - the seventh time in eight months activity...
DHI Canada 2019 Q2 Economic Review and Forecast
Sep 18, 2019 | Economic News and ForecastsDHI Canada is pleased to present its 2019 Q2 economic review and forecast. We discuss late breaking information, including the recent drone strikes on Saudi Aramco.
Canadian Interest Rates Unchanged
Sep 5, 2019 | Economic News and ForecastsThe Bank of Canada left its target interest rate unchanged at 1.75% yesterday. This represents a balancing act between an unexpectedly strong GDP performance in Q2 on the one hand, and several moderating factors on the other - an expectation that GDP growth will slow in the balance of the...
Data on Canadian GDP Q2 2019 Released
Sep 5, 2019 | Economic News and ForecastsStatistics Canada released data for the second quarter gross domestic product August 30. Seasonally adjusted at annual rates and in 2012 dollars, the economy showed a surprising growth rate of 3.7%, helped by a 13.4% annualized increase in exports...
May GDP Data
Jul 31, 2019 | Economic News and ForecastsMay gross domestic product data was released by Statistics Canada today. It shows a total growth of 0.2% over April, led by manufacturing, which posted a gain of 1.2% for the month. Construction activity also grew by 0.9% month-over-month, although this was driven primarily by residential...