Monthly Economic Letter
Your monthly source of news on economic issues
Here you'll find concise data and clear analysis prepared by our team of economists, including interest rates, economic growth, business credit conditions, and more.
In the current issue:
The Canadian housing market has been a hot topic of conversation since the beginning of the pandemic. Exceptionally strong price appreciation in 2020 and 2021 came to a screeching halt in 2022 when interest rates began to rise. Between February 2022 and March 2023, the average price of a home in Canada fell by 17.5% according to the Canadian Real Estate Association data, but during the past three months, prices have stabilized in Canada. Many people are wondering if the bottom has finally been reached and what’s next for the Canadian housing market. Read more
- April 2023—Could U.S. banking turmoil turn into a financial crisis?
- March 2023—Can Canadian households afford to keep spending?
- February 2023—The end of interest rate hikes: What does it mean?
- January 2023—You’ve got questions. We have answers!
- December 2022—Economic outlook 2023: cause for caution, not alarm
- November 2022—What to expect from the coming economic downturn?
- October 2022—Interest rate hikes begin to hit the Canadian economy
- September 2022—Will wages continue to rise?
- July 2022—Rising interest rates: When will it end?
- June 2022—A real estate crash on the horizon?
- May 2022—The economy looks healthy. Why all the talk about a recession?
- April 2022—Is the economy headed toward 1970s-style stagflation?