Stephen Punwasi

Toronto new home prices rose in April, but it was mostly due to a technicality as builders hiked prices to absorb the Ontario HST rebate.

Hedge funds now buy over 40% of Canada’s new debt, often using short-term repo loans that can vanish when markets turn, warns the BoC.

Canada just entered a technical recession, but it’s also apparently in the middle of a hiring boom? Statistics Canada’s (StatCan) Labour Force Survey (LFS) shows a sharp climb in employment in May. In fact, it marks the third-most jobs added to employment outside of the pandemic recovery. That doesn’t quite jibe with the recession and […]

Canada’s trade surplus hit a 15-month high as oil prices surged and exports leaned harder on US demand, not diversification.

Canadians continue to flee in record volumes, in a trend that’s picking up, not plateauing. Statistics Canada (StatCan) data shows emigration—when citizens or permanent residents move abroad—climbed again in Q1. Canadians are now leaving at the fastest pace in 74 years of records. Canadians Continue To Flee In Record Volumes Canadian emigration: Citizens and PRs […]

Canadian inflation hit a 29-month high in May with CPI accelerating to 3.2%. Gas led higher, but it wasn’t alone—4 of 8 sectors accelerated.

Toronto new home sales nearly tripled in May, but still ranked as the 4th weakest in 20 years. Prices flat, and builders are halting supply.

Canadian home prices are falling faster than ever—then inflation wiped out a little more. Inflation-adjusted prices are now back to 2016.

Large institutional investors are an almost insignificant share of Canadian housing. That was the takeaway from a new Statistics Canada (StatCan) report

Canadian employment beat market expectations last month, easing recession fears. Statistics Canada (StatCan) employment shows the country added jobs in June.