Housing activity eased in July, but national house prices showed a small gain for a second consecutive month. High interest rates continue to have a big impact on the housing market despite the recent cuts by the Bank of Canada.
Economic News
To help make credit unions innovation ready, Alberta Central’s Chief Economist Charles St-Arnaud shares his analysis of the latest economic news. These commentaries and insights papers will help you understand what economic trends mean and how they could impact your credit union.
Data & Analytics
Explore the analytics and data that are important to your bottom line, with a focus on Alberta communities large and small. You can find the Socio-Economic Portal here, with further data and analytics papers to come.
Research & Reports
Alberta Central’s research and reports provide you with access to the information you need, when you need it, with a laser focus on Alberta credit unions and specific topics you and your members care about.
Economic updates
Subscribe now to receive economic analysis, insights and thought leadership from Alberta Central’s Chief Economist Charles St-Arnaud.
|
Economic News
Housing activity eased in July
Housing activity eased in July, but national house prices showed a small gain for a second consecutive month. High interest rates continue to have a big impact on the housing market despite the recent cuts by the Bank of Canada.
|
Economic News
The labour market continues to weaken
Employment eased unexpectedly in July and for a second consecutive month. However, despite the decline in employment, the unemployment rate remained unchanged, as the participation rate declined to its lowest level since 1998, if we exclude the pandemic.
|
Economic News
Insolvencies eased in June but remained on an upward trend
Insolvencies eased again in June by 7.2% n-o-n on a seasonally-adjusted basis (SA) and have been quite volatile since the beginning of the year, even on a seasonally-adjusted basis.
|
Economic News
Mid-year outlook: It’s a “Me-cession”, not a recession
Economic insights provided by Alberta Central Chief Economist Charles St-Arnaud. Key takeaways: The Canadian economy has avoided falling into a recession in 2024, despite one of the sharpest increases in…
Read more >
|
Economic News
Economic activity proves resilient
Today’s release of the monthly GDP shows that economic activity is proving more resilient and higher than expected.