Easing inflation could help Canada’s Housing Shortage, Fraser says
Fraser acknowledged the housing situation as a “serious challenge” in an interview with Reuters but hinted at a possible solution on the horizon. The Housing Minister has underlined the government’s commitment to existing policies: “The solution to tackling difficulties with…
Despite job losses, wage growth in Canada remains strong.
The country unexpectedly lost 6,400 jobs in July, while unemployment rates went to 5.5%. Since the COVID-19 epidemic in 2020, July was the first month in which unemployment grew for three consecutive months. May and June witnessed a 0.2% increase,…
How “The Eras Tour” will impact the Canadian Economy
Taylor Swift took to Instagram on Thursday to reveal the long-awaited North American dates for her current tour, which includes six gigs at the Rogers Centre in Toronto, Canada, in November. Swift’s Impact in the US: The Eras Tour has…
Canada financial regulator: new capital guidelines for crypto assets
On Wednesday, Canada’s financial regulator proposed changes to its capital and liquidity approach to crypto assets, which can cause a risky environment in response to international banking standards. The Office of the Superintendent of Financial Institutions (OSFI) said procedures were…
What economists are expecting from Wednesday’s Bank of Canada decision
Last Wednesday, the Bank of Canada will announce its most recent interest rate decision, and most economists believe that rates will once again be held steady. Although there have been increasing calls for a potential increase this week and even…
John Stackhouse and Gervan Fearon: Canada needs a greenprint for the next housing boom
Climate change and housing affordability are Canada’s two most important policy concerns, and they are headed for conflict. To make housing more accessible for the present generation and accommodate the next one, we will need to build close to six…
Oil ‘mega bulls’ tamed in 2023: RBC survey
According to a new RBC Capital Markets study, the most bullish predictions for U.S. benchmark crude prices have fallen more than 90% since November, indicating that oil “mega bulls” have been contained in 2023. More than two-thirds of those who…
Tesla’s Canadian market share lowest since mid-2021: S&P Global
According to S&P Global Mobility, declining Tesla (TSLA) sales in the first quarter of 2023 contributed to a decline in Canada’s registrations of zero-emission vehicles (ZEVs) from a record high at the end of last year. According to S&P’s study,…
Canopy to buy 20% stake in Indiva, gains control of Wana edibles brand in Canada
The firms announced on Tuesday that Canopy Growth Corp. had reached an agreement to acquire a small investment in Canadian sweets manufacturer Indiva Ltd. in addition to taking over the marketing and distribution of its Wana brand of cannabis-infused gummies….
Wednesday’s GDP data will be key for the Bank of Canada rate decision: Strategist
One expert noted that this week’s announcement of the gross domestic product (GDP) estimates for the Canadian economy could be significant for the Bank of Canada’s decision to hike interest rates or not. In a study published last week, macro…