18 h. ago Inflation cools to 2.2% in October as gas, grocery prices fall

The annual rate of inflation cooled to 2.2 per cent in October -- a tick higher than economists' expectations but down from 2.4 per cent in September.

Economics

3 d. ago Manufacturing sales up 3.3 per cent in September, highest level since February

OTTAWA — Manufacturing sales rose 3.3 per cent to $72.1 billion in September, their highest level since February, boosted by strength in the auto and energy industries, Statistics Canada says. The agency said Friday the increase came as sales rose in 14 of the 21 subsectors it tracks, with total sales in constant dollars up […]

Economics

1 week ago The London census metropolitan area posted a 6.5 per cent unemployment rate, compared to 6.2 in September, but still below the October 2024 rate of 6.6, stated data from the national agency.

More people have landed jobs in London and region over the last 12 months, but the unemployment rate nudged up last month as the population and workforce grew faster, new figures show.

Society

1 week ago There are only 6 GTA neighbourhoods where homes still sell above asking price

The Greater Toronto Area (GTA) housing market is totally in the dumps right now, but as home prices tumble across the region and the supply of properties for sale increases far beyond projections, there are still a few places where sellers are raking in figures above asking price.New October data from real estate firm Wahi offers a glimpse behind the curtain at the remaining pockets of the GTA where buyers can still command bidding wars, fetching prices over asking. But they certainly aren't in abundance, with just six remaining neighbourhoods out of almost 300 in the entire region where homes are selling for more than the list price — accounting for just two per cent of the entire GTA.Underbidding only increased last month, with a noticeable month-over-month spike from September. The 2 per cent of neighbourhoods with overbids in October is a sharp decline from the 8 per cent recorded in September 2025.WahiWahi Economist Ryan McLaughlin notes that analysts had seen si...

Economics

2 w. ago ‘I don’t know what’ll happen’: Young Canadians anxiously await federal budget after Carney warns of ‘sacrifices’

It comes after the youth unemployment rate edged up to almost 15 per cent in September, according to Statistics Canada

Transport

2 w. ago Imperial Oil reports dip in profit as it takes charges on restructuring, office sale

CALGARY — Imperial Oil Ltd. reported a drop in third-quarter profit as it took charges related to a major overhaul at its Calgary headquarters. The oil producer and refiner, majority owned by U.S. major ExxonMobil Corp., had said in September it plans to cut 20 per cent of its workforce by the end of 2027, […]

Other

2 w. ago New GTA condo sales fell by 44% in September compared to 2024

A report released by the Building Industry and Land Development Association showed 155 new condos were sold in the GTA in September, a drop of 44 per cent compared to a year ago.

Other

2 w. ago GTA new home market collapse keeps getting worse as sales fall off cliff

Recent data reveals that just 53 new condos were sold in the City of Toronto last month, highlighting the depth of the city's home market slowdown, which has now fallen to historic lows across all housing types.Across the GTA, there were only 438 new homes in September 2025, according to data from Altus Group shared by the Building Industry and Land Development Association (BILD). This figure is 29 per cent lower than September 2024, and a staggering 80 per cent below the 10-year average.For comparison, a typical September in the GTA would see around 2,233 new home sales based on the historical average."New home sales across the GTA stumbled to another record low for the month of September," said Edward Jegg, Research Manager at Altus Group. "In fact, new home sales are down year-to-date across all the markets tracked by Altus Group led by Toronto, Vancouver, Calgary, Hamilton, and Kitchener-Waterloo where sales have fallen by over half co...

Other

3 w. ago Alberta still leads nation for jobs growth despite higher unemployment

Calgary's job growth, at 3 per cent, in September among highest of major cities. Jobs are a major mover of the housing market.

Other

3 w. ago StatCan says auto sales helped lift retail sales up one per cent to $70.4B in August

OTTAWA — Statistics Canada says retail sales rose 1.0 per cent to $70.4 billion in August, helped by gains in the auto sector. However, the agency says its preliminary estimate for September suggests retail sales fell 0.7 per cent for that month, but cautioned the figure would be revised. For August, Statistics Canada says retail […]

Economics

3 w. ago Bank of Canada can cut rates to 2.25% but more than that is doubtful with inflation sticky, economists say

Inflation hit 2.4 per cent in September, mostly due to a smaller decrease in gasoline prices and a rise in grocery prices

Economics

3 w. ago Inflation jumps to 2.4% in September thanks to gas, grocery costs

OTTAWA — Statistics Canada says inflation accelerated to 2.4 per cent in September thanks largely to yearly changes in gas prices and some stubborn price hikes at the grocery store. That’s a jump of half a percentage point from 1.9 per cent annual inflation in August and a tick higher than economists’ expectations. Statistics Canada […]

Economics