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Canadian GDP Now Shows Recession, BMO Says Not Quite
2+ hour, 24+ min ago (326+ words) Canadian GDP fell at a 0. 1% annualized rate in Q1 2026, significantly lower than 1. 5% growth the market had forecast. The drop is accompanied by a downward revision to Q4, which now shows an annualized drop of 1. 0% in Q4. Two consecutive declines officially make this a…...
Canadian Mortgage Rates May Climb As Bond Yields Hit 2010 High
1+ week, 1+ day ago (519+ words) Canada's central bank is seeing core inflation slow, but borrowing costs aren't. BMO warns that long-term Government of Canada (Go C) bond yields have just hit their highest level since 2010. BMO points to oil prices as the bond market's immediate concern....
Canada Will Soon Spend 1 in 3 Dollars on Debt & Elderly Benefits
3+ week, 22+ hour ago (776+ words) The concept applies to borrower quality. The federal government pays the lowest rate, since they issue the currency, it's kind of hard to default. This establishes a benchmark rate used to determine borrowing costs for us schmucks. Lower-quality borrowers pay…...
Canadian Business Closures Surge, 1 In 20 Shutter In A Month
4+ week, 17+ min ago (423+ words) The Canadian economy just got another warning'businesses are closing at one of the fastest rates on record. Statistics Canada (Stat Can) data shows business closures surged in January. The sharp uptick in closures has left the country with the fewest…...
Canadian Inflation Soars on Record Gas Price Surge. April Will Be Worse.
1+ mon, 1+ week ago (461+ words) Canadian inflation readings are surging, a trend that's just getting started. Statistics Canada's (Stat Can) Consumer Price Index (CPI) surged in March. The surge is largely attributed to energy prices, which had been dragging growth due to a base effect....
Canadian Variable-Rate Mortgages Surge As Bo C Recreates Renewal Trap
1+ mon, 2+ week ago (145+ words) Canadian mortgage funds advanced by lenders: January. Canadian banks advanced $38. 3 billion in uninsured mortgages in January, 3. 3% (+$1. 2 billion) higher than last year. The massive volume makes it the largest January on record, but the trend is starting to look a little…...
Canadian Gas Prices See Record Surge, Inflation To Follow: BMO
1+ mon, 3+ week ago (786+ words) Canadians said goodbye to lower gas prices and hello to higher inflation last month, as the Iran War shocks global oil markets. Gas prices made the sharpest surge on record in March, according to BMO Capital Markets. The bank warns…...
Ontario Mortgage Arrears Rate Tops Canadian Average, A Rare Warning
1+ mon, 4+ week ago (295+ words) Ontario CBA mortgage arrears: Residential mortgages at least 90 days past due (DPD) at Canadian banks, in thousands. Banks are seeing an unusually sharp uptick in mortgage stress across Ontario. They held over 6, 223 delinquent mortgages in January, up 47. 7% from last year…...
Canadian GDP Grew, Mostly An Illusion Due To Inflation Suppression
1+ mon, 4+ week ago (649+ words) Real GDP growth: contribution to change by industrial sector. Canada's real GDP grew 0. 1% in January, beating expectations despite halving the growth rate reported a month prior. The growth was concentrated in goods-producing industries (+0. 2%), while service-producing industries were flat. Overall, 9 of…...
Canadian Inflation To Surge, Bo C Braces For Post-Carbon Tax Normalization
2+ mon, 1+ week ago (705+ words) Your bills haven't budged, but headline CPI's annual growth fell to 1. 8% in February'a 7-month low and below the Bank of Canada (Bo C) target of 2%. The decline is mostly a base effect created by the GST/HST holiday that exempted all…...
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