Housing activity eased in April for a fifth consecutive month. The decline in sales is mainly due to BC and Alberta, while sales in Ontario rose after months of decline.
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.
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Economic updates
Subscribe now to receive economic analysis, insights and thought leadership from Alberta Central’s Chief Economist Charles St-Arnaud.
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Economic News
Temporary hiring for the elections leads to job gains
Economic commentary provided by Alberta Central Chief Economist Charles St-Arnaud. Bottom line Employment increased 7.4k in April, marginally better than expected. However, the unemployment rate edged higher to 6.9%. The…
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Economic News
The economy contracted in February and weakening momentum
Today’s release of the monthly GDP shows that the Canadian economy contracted in February. Moreover, the preliminary estimate suggests that the economy stalled in March, suggesting weak momentum going forward
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Economic News
Some temporary strength in retail sales, as consumers rush to spend before the tariffs impact
Retail sales declined in line with expectations in February.
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Economic News
Bank of Canada: On hold, a highly uncertain outlook means no guidance
The Bank of Canada held its policy rate unchanged at 2.75%, after cutting seven consecutive times, in line with our expectations.
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Economic News
Inflation eased, but broadening inflationary pressures to push for a BoC pause
Inflation eased to 2.3% in March from 2.6%, much weaker than expected.