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Statistics Canada reports inflation rose to 3.1% in September, driven by a 19% increase in energy prices. This data precedes the Bank of Canada's October 28 rate decision.
The Bank of Canada prepares for a pivotal interest rate decision on Oct. 28, awaiting September inflation data and quarterly surveys. RBC economist Nathan Janzen expects inflation to hold steady around three per cent.
The Canadian Real Estate Association has revised its 2026 home sales forecast downward to 444,530 units, citing higher fixed mortgage rates and economic uncertainty.
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A new Bank of Canada report states that an aging population and reduced immigration are reshaping the country's economy, slowing growth, and altering consumption patterns.
