MARKET UPDATES

Canadian Housing Starts (August 2025)

Canadian housing starts decreased 16 per cent from the previous month, totalling 245,791 units in August at a seasonally adjusted annual rate (SAAR). Starts were up 15 per cent from the same month last year. Single-detached housing starts decreased by 2 per cent from last month to 55,271 units, whil

Bank of Canada Interest Rate Announcement

The Bank of Canada lowered its overnight policy rate to 2.5 per cent this morning. In its statement, the Bank noted that US tariffs sharply impacted Canadian export levels while also hindering business investment. In spite of resilient consumer spending, GDP declined by about 1.5% in the second quar

Canadian Employment Report (August 2025)

Canadian employment decreased by 0.3 per cent from the previous month, losing 66,000 jobs to 20.955 million in August. The employment rate fell by 0.2 points to 60.5 per cent, while the unemployment rate rose 0.2 points to 7.1 per cent. Average hourly wages rose 3.2 per cent year-over-year to $36.31