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Canada Inflation Rises to 2.4% as Gas Prices Surge

Canada’s inflation rate rose to 2.4% in March, up from 1.8% in February, according to Statistics Canada. 👉 The main reason? A sharp spike in gas prices. ⛽ Gas Prices Led the Surge Fuel costs were the biggest driver behind the increase. Gas prices jumped 21.2% in just one month. This marks the largest monthly increase ever recorded. Overall energy prices rose 3.9% compared to last year. 🌍 What’s causing this?The ongoing conflict involving Iran has disrupted global oil supply,

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Bank of Canada Holds Rates at 2.25% as Iran War Raises New Inflation Concerns

The Bank of Canada decided to hold its key interest rate at 2.25% for now. ➡️ Even though inflation has been easing, new global risks are making the outlook less certain. 🌍 What’s Driving Concern: Iran War The conflict involving Iran is creating new economic pressure. 💥 Why it matters: Governor Tiff Macklem emphasized that this added volatility is making things more unpredictable. 📊 Economic Snapshot Recent data from Statistics Canada shows inflation dropped to 1.8% in February (down from

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Canada’s Inflation Slows to 2.3% in January

Lower gas prices helped cool the headline number In January, Canada’s annual inflation rate dipped to 2.3%, slightly lower than December’s 2.4%, according to Statistics Canada. Most economists had expected inflation to hold steady, so this small drop came as a mild surprise. ⛽ Gas Prices Did the Heavy Lifting The biggest reason for the slowdown? Cheaper gasoline. Gas prices were 16.7% lower compared to January last year, which pulled the overall inflation rate down. If you remove gasoline from

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📊 Canada’s Inflation Rises in December, but Underlying Pressures Ease

Canada’s inflation rate moved higher in December, coming in above expectations. However, beneath the headline number, price pressures continued to cool in key areas that matter most to the Bank of Canada. 🔢 Headline Inflation Comes in Hotter Than Expected Statistics Canada reported that annual inflation rose to 2.4% in December, up from 2.2% in November. Economists had largely expected inflation to hold steady, so the increase surprised markets slightly. One key reason for the jump was the GST/HST holiday,

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A Winter Pause: Why the Bank of Canada Kept Rates at 2.25% ❄️

What today’s decision means — and why markets saw it coming 📌 Overview: A Predictable Pause The Bank of Canada (BoC) kept its key interest rate unchanged at 2.25%, a move almost entirely priced in by markets. Analysts had assigned over a 93% chance of a hold heading into today’s announcement — and the Bank delivered exactly that. This marks a pause after two consecutive rate cuts earlier in the year. 🧭 Why the BoC Hit Pause The Bank reiterated

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🤝 Confidently Start Your Journey to Homeownership

Canada’s housing market is becoming more inviting with lower rates, growing inventory, and friendlier prices, giving first-time buyers extra time to prepare with confidence. 📊 What the Survey Shows Royal LePage’s latest poll (conducted by Burson) found that 13% of Canadian adults are actively working toward buying a home within the next two years. 🤔 Why the Wait? Phil Soper, Royal LePage’s president and CEO, says buyers want certainty before making the leap. Interest rates are trending lower and prices

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Canada Housing Affordability Improves as Mortgage Rates Drop

Canadian homebuyers finally caught a small break in July, as housing affordability improved in 12 of 13 major markets, according to Ratehub.ca’s latest report. Falling home prices combined with lower mortgage rates gave buyers a short-lived window of relief after years of surging costs. 💰 Rates and Income Requirements The average five-year fixed mortgage rate dipped to 3.94%, while the mortgage stress-test rate eased to 5.94%. That meant households needed less income to qualify for a mortgage: 📉 From Boom

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📊 Inflation Climbs to 1.9% as Bank of Canada Decides on Rates

Canada’s annual inflation rate nudged up to 1.9% in August, slightly higher than 1.7% in July. The Consumer Price Index (CPI) dipped 0.1% month over month, but after seasonal adjustments it inched up 0.2%. Core inflation, which excludes gasoline, is at 2.4%, showing that underlying price pressures haven’t changed much. 🔑 Drivers Behind the Numbers Gasoline remained the big story. Prices at the pump kept falling ⛽, but the decline wasn’t as steep as July’s, partly because fuel costs were

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Canada Loses 66,000 Jobs in August as Unemployment Climbs to 7.1%

📉 Job Losses at Pandemic-Era Levels Canada’s job market took a hard hit in August, shedding 66,000 jobs. Statistics Canada reported that the unemployment rate rose to 7.1%, its highest level since 2016 (if we set aside the peak COVID years). At the start of 2025, unemployment was 6.6%. Since then, it’s been climbing steadily, showing persistent weakness in the labour market. 🤔 Worse Than Economists Predicted Economists were expecting a small gain of 10,000 jobs and only a modest

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đź”® Will the Bank of Canada Cut Rates? Key Takeaways from the Latest GDP Report

📉 GDP Takes a Hit The main culprit? Tariffs and weaker U.S. demand. Exports plunged 7.5%, with vehicle shipments tumbling almost 25%. Manufacturing also took a big hit, with many companies reporting tariff-related struggles. 🏡 Not All Doom and Gloom While exports dragged things down, there were some bright spots: In other words, Canadian households are still spending, and housing demand is holding up despite the economic headwinds. 🔮 What This Means for Rates Economists are split on what the

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🏡 What Buyers Should Know About Canada’s Housing Market In 2025

🌱 A Slow Thaw After the Freeze Canada’s housing market is finally showing some movement after a long chill.📊 According to the Canadian Real Estate Association (CREA), national home sales have risen for four straight months. But here’s the catch: the recovery is patchy. Some regions are warming up, while others, like Toronto, are still lagging far behind their pandemic highs. 👉 John Lusink, president of Right at Home Realty, says Toronto remains a buyer’s market. Listings are steady, sales

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📉 Canada Inflation Falls to 1.7% in July 2025

⛽ Relief at the Gas Pumps Canada’s annual inflation rate dropped to 1.7% in July, down from 1.9% in June, according to Statistics Canada. The biggest driver? Gas prices, which fell 16.1% year-over-year. This decline was largely due to the removal of the federal carbon price earlier this year. On a monthly basis, gas also slipped 0.7%, with global oil prices falling thanks to higher production from exporting countries and a ceasefire between Israel and Iran. Statistics Canada. (2025, August

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