Young families are being driven from Ontario’s biggest cities, with misguided policies and conversions to rental units limiting the supply of affordable homes with three bedrooms or more, according to the University of Ottawa’s Missing Middle Initiative.
Canada’s annual inflation rate remained flat at 1.7 per cent in May, according to the latest data from Statistics Canada released. Economists say Bank of Canada (BoC) policymakers will likely need to see more convincing data to justify a rate cut on July 30.
Developing the infrastructure necessary to make Canada’s economy less dependent on trade with the U.S. “will not be easy, fast, or cheap,” and will require refocusing investment priorities.
DONALD TRUMP GOT THE ROUGH OUTLINES of a trade deal with the United Kingdom — but in Washington there was shock over Donald Trump’s latest head-scratcher.
Recent developments in global trade have placed significant pressure on Canadian markets, as newly imposed U.S. tariffs and retaliatory measures from Canada reshape the economic landscape.
The Federal Reserve left interest rates on hold as widely expected. The main takeaway from the statement and press conference was uncertainty: Fed Chair Jerome Powell repeatedly emphasized the unclear economic outlook.
Although President Trump has said he has no intention of firing Fed Chair Powell, the Trump administration may be testing the laws underpinning Fed independence.
The outlook for U.S. growth and inflation hinges on the ability of U.S. supply chains to pivot out of China fairly quickly, a process that won’t be seamless.