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The Bank of Canada ­­­­­­­­­­­increased the Overnight Rate to 4.75 per cent

Canadian Economics    June 7, 2023

Canadian housing markets could spell trouble for the economy overall. Despite housing sales increasing by 11.3 per cent in April, Canadian housing prices have declined April year-over-year by 3.9 per cent. At the core of this are interest rates which have continued to sour the notion of housing affordability as mortgage holders have to pay more to service their debt.

Quick take  •  3-min read
Walter Bolduc

Exports Rise After Two Consecutive Months of Decline

Canadian Economics    June 7, 2023

Canadian exporters will encounter a range of competing forces over the next several months due to a slowed global economy. A slowdown in the U.S. economy will be one of the biggest challenges Canadian exporters will face in the short run.

Quick take  •  2-min read
David Ristovski

Real GDP Flat in March but Accelerates in the First Quarter of 2023

Canadian Economics    May 31, 2023

Today’s releases of industry GDP and income and expenditure show that Canadian GDP performed above expectations in the first quarter of 2023. A combination of better-than-expected household spending, a rise in exports, healthy job gains, and high levels of immigration have all contributed to a rise in output for the first quarter of this year.

Quick take  •  3-min read
Viktor Cicman

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