This morning, the Bank of Canada cut its trend-setting policy interest rate by 25 basis points, bringing it down to 2.75%, its lowest level since August 2022.
Prior to the United States’ imposition of tariffs on a range of Canadian exports (and Canada’s application of retaliatory tariffs on $30 billion worth of US exports coming north—with more to...
Canada’s labour market has spent the past few years slowly deteriorating in the face of high interest rates that were in response to high inflation. While this has been reflected in a number of labour market metrics, it was most obvious in the unemployment rate, which rose from an all-time low of 4.8% in July 2022 to a peak of 6.9% last November. M...
If you've been following financial news lately, you've probably heard the growing conversation about Fannie Mae (the Federal National Mortgage Association, or FNMA) and Freddie Mac (the Federal Home Loan Mortgage Corportion, or FHLMC). These industry giants currently guarantee over 70% of all US mortgages and make homeownership possible for million...
The Federal Reserve's preferred gauge of inflation, the Personal Consumption Expenditures (PCE) Index, showed inflation edging down to 2.5% in January from 2.6% in December—progress that lacks the momentum markets had hoped for.
January's data matched consensus forecasts but did little to accelerate the path toward normalization. Core PCE, which exc...
