January 21, 2025 Canadian Consumer Price Index (December 2024) Headline CPI inflation fell a tenth to 1.8% year-on-year (y/y) in December, pushed lower by the temporary GST/HST break that went into effect mid-month.

Bank of Canada Business Outlook Survey and Canadian Survey of Consumer Expectations (2024 Q4)

January 20, 2025 Bank of Canada Business Outlook Survey and Canadian Survey of Consumer Expectations (2024 Q4) According to the Bank of Canada Business Outlook Survey (BOS), Canadian business sentiment remained below its historical average though it saw "signs of emerging optimism" in the fourth quarter of 2024. The BOS indicator, a statistical summary of survey results, was -1.18 in 2024 Q4 (vs. -2.29% in 2024 Q3), marking a fifth quarter of improvement.

January 16, 2025 Canadian Housing Starts (December 2024) Canadian housing starts came in at 231.5k annualized units in December, marking a 13% month-on-month (m/m) decline from November's robust level. The six-month moving average of starts dipped to 242.6k units.

January 15, 2025 Canadian Existing Home Sales (December 2024) Canadian existing home sales dropped 5.8% month-on-month (m/m) in December, but were 13% above May's level, just before the Bank of Canada began cutting rates.

Canadian Employment - Job market, hiring, unemployment

January 10, 2025 Canadian Employment (December 2024) The Canadian labour market ended 2024 on a very strong note, adding 90.9k positions in December, primarily in full-time positions (+57.5k).

January 07, 2025 Canadian Merchandise Trade (November 2024) Canada’s merchandise trade balance tallied a $323 million deficit in November, registering in the red ink for the ninth consecutive month. October's deficit was revised lower to $544 million.

December 23, 2024 Canadian Monthly GDP (October 2024) Canadian economic growth jumped 0.3% month-on-month (m/m) in October, ahead of Statistics Canada's advanced guidance and consensus expectations. Early estimates from Statistics Canada point to a slight pullback in November GDP (-0.1% m/m).

December 20, 2024 Canadian Retail Sales (October 2024) Retail sales rose by a solid 0.6% month-over-month (m/m) in October, slightly below Statistics Canada's advance estimate of 0.7% m/m.

Canadian Household Balance Sheet and financial markets

December 12, 2024 Canadian Household Balance Sheet (2024 Q4) Canadian household wealth increased for the fourth consecutive quarter, driven by gains in financial assets. Further growth is anticipated in Q4 as North American equity markets continue to reach new record highs. An additional tailwind should come from rising home prices as consecutive 50-basis-point cuts from the Bank of Canada fuel a re-acceleration in housing activity.

Bank of Canada Interest Rate Announcement (December 11, 2024)

December 11, 2024 Bank of Canada Interest Rate Announcement (December 11, 2024) The Bank of Canada (BoC) cut its overnight rate by 50 basis points, to 3.25%, while stating that it will continue with Quantitative Tightening (QT).

OPEC+ Extends Cuts and Plans for Production Increases

June 03, 2024 OPEC+ Extends Cuts and Plans for Production Increases

Canadian Manufacturing Sales (January 2023)

March 14, 2023 Canadian Manufacturing Sales (January 2023)

Speech by Bank of Canada Governor Tiff Macklem

November 10, 2022 Speech by Bank of Canada Governor Tiff Macklem

OSFI Proposes Tightening Mortgage Qualification Rules

April 09, 2021 OSFI Proposes Tightening Mortgage Qualification Rules

April 02, 2020 Canadian Vehicle Sales (March 2020)