June Labour Market Holds Steady
Statistics Canada says employment was little changed in June, while the unemployment rate edged down to 6.5% and average hourly wages rose 3.3% from a year earlier.
EconomyCategory
Economy
Monetary Framework Feedback Released
The Bank of Canada says consultation feedback showed strong support for flexible inflation targeting and the 2% inflation target, while many participants raised cost-of-living and housing concerns.
EconomyMay CPI Rises to 3.2%
Statistics Canada says inflation rose in May, with gasoline prices, groceries, transportation, and travel-related costs pushing the Consumer Price Index higher.
EconomyFarm Equity Reaches $888.9B
Statistics Canada says farm sector equity rose 6.5% at the end of 2025, while total farm assets reached about $1.1 trillion.
EconomyHousehold Net Worth Rises
Statistics Canada said household net worth rose in the first quarter, while the household debt-to-income ratio climbed for a sixth straight quarter to 179.6%.
EconomyBank Flags Financial Stability Risks
The Bank of Canada said the financial system continued to function well despite tariffs and trade uncertainty, while warning that several vulnerabilities could combine under stress.
EconomyBank Holds Rate at 2.25%
The Bank held the target for the overnight rate at 2.25% for a fifth straight decision, after cutting from 3.00% in January 2025 to 2.25% by October 2025.
EconomyMortgage Renewal Risk Eases
The Bank of Canada said mortgage-renewal risk should largely pass by the second half of 2027 after a final wave over the next 12 months.
EconomyCanada Labour Market Slows
The Bank of Canada said job growth averaged about 6,000 a month since early 2025, down from almost 34,000 a month in 2024.
EconomyAI and Productivity Outlook
The Bank of Canada said major U.S. technology firms doubled AI-related investment from about US$200 billion in 2024 to about US$400 billion in 2025.
EconomyLithium Mine Growth Fund Investment
Canada Growth Fund committed up to C$145 million to support expansion of North American Lithium in Quebec.
EconomyBank of Canada April Deliberations
Governing Council discussed oil above US$100 per barrel and the risk that persistent energy prices could require rate increases.
EconomyMatawinie Graphite Mine Investment
The financing package for Nouveau Monde Graphite totalled US$297 million, or about C$411 million.
EconomyGreen Bond Raises $2 Billion
Finance Canada priced a new 10-year green bond, raising $2 billion and bringing federal green-bond issuance since March 2022 to $17.5 billion.
EconomyG7 Finance Track Wrap-Up
Canada closed its 2025 G7 finance track with CAD 12 million for crisis resilience, CAD 2 million for debt transparency, and CAD 20 million for the RISE Partnership.
EconomyIMF Canada Assessment
Finance Canada said the IMF projected Canada to have the third strongest G7 growth in 2025, the second strongest in 2026, and the lowest net-debt-to-GDP ratio in the group.
EconomyG7 Crisis Resilience Funding
Canada announced $12 million for a World Bank crisis-resilience forum and $2 million for debt-transparency work during Washington finance meetings.
EconomyGreen Bonds Raise $2.5 Billion
Canada priced $2.5 billion in green bonds, including $1 billion in a new 30-year bond and $1.5 billion reopening a 7-year bond.
EconomyG7 Banff Finance Meeting
G7 finance ministers in Banff backed work on financial crime, Ukraine support, critical minerals, and $24.8 million in Canadian technical assistance commitments.
EconomyGreen Bond Raises $2 Billion
Canada priced a seven-year green bond to raise $2 billion, following earlier green bond issuances of $5 billion, $4 billion, and $2 billion.
EconomyFall Economic Statement
The program is already having a significant impact on affordability saving some families up to $14,300 per child, per year.
Economy