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Meat Prices on the Rise

Meat Prices on the Rise (Image from Statistics Canada: Prices for meat products rise year over year in September) Canada’s CPI rose 4.4% YoY this September, according to Statistics Canada. Every major sector saw gains, but meat prices spiked 9.5%, marking the fastest pace of growth since April 2015. Canada’s Food Price Report for 2021, released […]

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Loonie Spikes After Canadian Core Inflation Soars To 10-Year Highs

Loonie Spikes After Canadian Core Inflation Soars To 10-Year Highs Canadian inflation rose faster than expected in May across all eight major components, spiking the Loonie as it supports the BoC’s view that ‘the North’ is emerging from its growth slowdown (and Poloz argument that rates will need to go higher). The headline consumer price index jumped […]

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Canada In Recession? GDP Unexpectedly Drops For 2nd Month In A Row

Canada In Recession? GDP Unexpectedly Drops For 2nd Month In A Row Canadian GDP just contracted for the second month in a row, leaving the headline Canada GDP up just 0.4% SAAR in 4Q, according to Statistics Canada (dramatically below the estimate of +1.0%). The headline quarterly change misses even lowest of economist estimates. And on a […]

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Canada Pauses Reporting Trade Data, Blames US Shutdown

Canada Pauses Reporting Trade Data, Blames US Shutdown Statistics Canada said today the release of their monthly trade statistics will be delayed indefinitely due to the current shutdown of the U.S. government. Statistics Canada: “Trade statistics without Canada’s exports to the United States have limited use as a current economic indicator, as these exports represent […]

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Canada Secretly Collected Banking Information From 500,000 Canadians Without Their Knowledge

Canada Secretly Collected Banking Information From 500,000 Canadians Without Their Knowledge As it turns out, Silicon Valley tech giants aren’t the only institutions surreptitiously collecting massive troves of sensitive data from unsuspecting consumers. On Friday, Canada’s the Global Times published a report exposing a recently launched data collection program adopted by StatCan, the Canadian government’s […]

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Canada’s Real Estate Sector Faces Difficult Transition

Canada’s Real Estate Sector Faces Difficult Transition The great Canadian real estate bull market has pushed home prices to dizzying heights over the past two decades. And with ever-rising prices it has sucked in more capital and resources creating an almost self enforcing feedback loop, where an entire economy has become dependent on rising house […]

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Canada Home Values Hit “First Quarterly Decline since Q1 2009” as Household Debt Binge Hits New High

Canada Home Values Hit “First Quarterly Decline since Q1 2009” as Household Debt Binge Hits New High How exposed are over-indebted household to rising interest rates? Household debt in Canada rose to a new record of C$2.11 trillion in the third quarter 2017, up 5.2% from a year ago and up 10.7% from two years […]

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Wayne Smith, Head Of Statistics Canada, Quits On Point Of Principle

Wayne Smith, Head Of Statistics Canada, Quits On Point Of Principle OTTAWA — Statistics Canada chief Wayne Smith has resigned, saying the independence of his agency is compromised by new information-technology arrangements. It marks the second time in just over six years that a chief statistician has quit over a point of principle. In an […]

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Canada’s inflation rate cools to 1.4% in February

Canada’s inflation rate cools to 1.4% in February If gasoline prices aren’t factored in, cost of living would have increased by 1.9 per cent Canada’s annual inflation rate fell to 1.4 per cent in February, thanks to lower pump prices. (Seth Perlman/Associated Press) The cost of living in Canada increased at an annual rate of 1.4 […]

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Canada’s debt-to-income ratio sets new record high at 165%

Canada’s debt-to-income ratio sets new record high at 165% Canadians now owe $1.65 for every dollar of income they have at their disposal. (Joe Raedle/Getty Images) The ratio of household debt to disposable income hit a new record in the fourth quarter of last year. Statistics Canada says the ratio rose to 165.4 per cent […]

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As Hydro Rates Climb, an Idea to Reduce Bills for Low-income Folks

As Hydro Rates Climb, an Idea to Reduce Bills for Low-income Folks  Advocates pitch affordability program, but minister insists rates are modest. ‘Most other jurisdictions in North America have bill affordability programs. We don’t.’ Bill photo via Shutterstock. With electricity rates continuing to spiral upwards, an advocacy organization is pushing to have BC Hydro adopt measures to […]

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Fruit and vegetable prices hike overall food costs

Fruit and vegetable prices hike overall food costs Food prices increased by four per cent over the year, largely because of the low loonie According to the Consumer Price Index, food prices increased by four per cent from Jan. 2015 to Jan. 2016. But fresh vegetables alone were up 18 per cent. For example, just […]

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Forget Deflation. Stagflation Arrives in Canada

Forget Deflation. Stagflation Arrives in Canada Worst Plunge in Retail Sales since 2008. Inflation Whacks Consumers Retail sales in Canada fell 2.2% in December from November on a seasonally adjusted basis, but not adjusted for inflation, to C$43.2 billion. “Declines were widespread as lower sales were reported in 10 of 11 subsectors, representing 97% of […]

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Canada lost 5,700 jobs in January

Canada lost 5,700 jobs in January Alberta had 10,000 fewer jobs, country’s unemployment rate inches up to 7.2% Canada’s jobless rate currently stands at 7.2 per cent after the economy lost 5,700 jobs last month. (LM Otero/Associated Press) The Canadian economy lost 5,700 jobs in January and the unemployment rate inched up to 7.2 per […]

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Inflation in Canada ticks up to 1.6% in December on higher food prices

Inflation in Canada ticks up to 1.6% in December on higher food prices Food prices are increasing at more than twice the overall inflation rate, Statistics Canada says. (Shutterstock ) The cost of living in Canada went up by 1.6 per cent in December due to higher prices for food, shelter and transportation. Statistics Canada reported […]

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Olduvai IV: Courage
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