The Bank of Canada removed its forward guidance in January and clearly signalled an imminent tightening of monetary policy. Assuming a swift end to...
North America | US and Canada housing affordability edged down in Q3
Posted by Oren Klachkin on Jan 21, 2022
Our updated Housing Affordability Indices (HAIs) show affordability declined in Q3 2021 at the national level in the US and Canada as income gains...
Canada | Recovery continuing despite bumps in the road
Posted by Stephen Adams on Dec 21, 2021
The recovery of Canadian metros is continuing in terms of both GDP and employment. We forecast that GDP in Edmonton and Calgary will grow by more...
Canada | Can households handle higher interest rates?
Posted by Tony Stillo on Dec 8, 2021
Canada entered the pandemic with historically elevated household debt, and a C$193bn surge in mortgage borrowing during the pandemic has raised...
Canada | Edmonton leads 2021 rebound, Toronto’s growth more moderate
Posted by Anthony Bernard-Sasges on Oct 19, 2021
Canadian metros are rebounding strongly in 2021. We expect every metro to surpass their pre-pandemic GDP levels by the end of this year. We estimate...
North America | Housing affordability fell in Q2 and is likely to worsen
Posted by Oren Klachkin on Oct 19, 2021
The Housing Affordability Indices (HAIs) show affordability deteriorated in nearly all US and Canadian metros in Q2 2021 as home price inflation...
Canada | Industry mix drives provincial scarring in long pandemic
Posted by Cory Renner on Oct 15, 2021
A sustained pandemic with scarring effects would reduce Canada’s economic growth by close to 0.3ppts per annum between 2021 and 2026. Less...
Canada | Leading parties open wallets in pandemic election bid
Posted by Tony Stillo on Sep 20, 2021
Canada will likely usher in another minority government when voters hit the polls on Sept 20, led by either the incumbent Liberals or the...
Canada | Economy stumbles, but is still poised for robust recovery
Posted by Tony Stillo on Sep 15, 2021
We remain bullish on the outlook for the Canadian economy over the next two years despite a surprising contraction in Q2. However, increased Delta...
Canada | Bank of Canada eyes shift to average inflation targeting
Posted by Tony Stillo on Aug 26, 2021
There’s a close race as the Bank of Canada weighs sticking with its successful flexible inflation targeting (FIT) or switching to average inflation...