The ongoing strength of the Canadian labour segment will probably affect the Bank of Canada’s strategy for this year, a prominent economist Sherry Cooper says. Pointing to the incredible robustness seen in the January jobs report, Cooper said that such results cast a doubt...

A recent report by Statistics Canada shows that the national employment rate rose much faster than expected last month. This means Canada’s labour market doesn’t show many signs of cooling even amid aggressive increases in interest rates. In January, the Canadian economy added 150,000 jobs,...

The latest report by Rishi Sondhi, an economist with TD Economics, says the national real estate market will face a drop in new listings during the first quarter of this year. Then a rebound is expected later in 2023, followed by slower growth next...

Bank of Canada Governor Tiff Macklem admitted that interest rate increases have affected the country’s homeowners significantly, noting that the influence of higher borrowing costs on consumers is the main reason he decided to stop the rate-increasing cycle sooner than the U.S. Federal Reserve....

The latest poll by BMO shows that Canadians think they need to save $1.7 million in order to retire. It’s 20% more than in 2020. Such a huge number is the largest sum since BMO began tracking it 13 years ago. It’s also a significant hike...