👀 🤔 https://www.cmhc-schl.gc.ca/blog/2025/condominium-apartment-market-risks-toronto-vancouver #toronto #vancouver #tore #vanre #cdnecon #econ #realestate

2 Desjardins: That said, #auto #sales were the main factor driving #retail #spending. Excluding that category, retail receipts fell by 0.3%, slightly more than economists were expecting. #cdnecon

1 Desjardins: #Canadian #consumers continued to spend in April but appear to have pulled back meaningfully in May. Headline #retailsales rose 0.3% in April, one tick below expectations and also undershooting Statistics Canada’s flash estimate. 🧵 #cdnecon

“Getting #Canadians to #trade with one another is harder than you might think!” adamtooze.substack.com/p/top-links-... #cdnecon

What a higher NATO military spending target means for Canada's finances. My latest for @TheHubCanada on the potential for a 3.5%+1.5% target for NATO members: https://thehub.ca/2025/06/12/trevor-tombe-what-a-higher-nato-military-spending-target-means-for-canada/ #cdnecon #cdnpoli

$90 in 1954 is the equivalent of almost $1,100 in 2025 w/ inflation... an increase of more than $1,000 over 70+ years... for a f*cking 4 1/2.

FYI there are 4 1/2s in my 'hood for almost 3K... but, there's no gouging, eh.

Once upon a time when I was a renter, a 4 1/2 in this 'hood was less than $750, i.e. 2004.

#housing #polMTL #MTLpoli #polQC #QCpoli #cdnpoli #cdnecon #affordablehousing #gougegougegouge

2 BMO: With #Canadian and #U.S. #officials engaged in talks, the #economy - especially #trade-sensitive sectors—are waiting for some certainty. #trade #tariffs #cdnecon

1 BMO: #Canada April #trade figures were unsurprisingly ugly in the face of the ongoing #tradewar, with the doubling of #steel and #aluminum #levies in June suggesting that Canada won’t be out of the woods for at least the next couple of months. 🧵 #cdnecon #tariffs

2 Desjardins: Outbound shipments lower across the board, with double digit % declines in a number of categories. Total #exports to all countries, incl the #US, declined 10.8%, while volumes were 8.3% lower, the single largest monthly drop in real exports outside of April 2020. #trade #cdnecon

1 Desjardins: In what came as a surprise to even the most pessimistic forecaster, #tariffs caused the #Canadian #trade balance to widen to a record #deficit in April. The shortfall of $7.1bn was driven by a plunge of 16% in #exports to the #US. 🧵 #cdnecon

Liberalizing trade within Canada has long been a challenge. But recent moves by governments right across Canada are making big improvements, led by Atlantic Canada. My new report with PPF explores some the potential gains:

https://ppforum.ca/policy-speaking/free-atlantic-unlocking-regional-growth/ #cdnecon #cdnpoli

2 CIBC: Future cuts will rest on evidence of #growth remaining weak but also #inflationary pressures being contained, and we expect to see enough on both fronts to bring a 25bp rate cut in July. #BOC #BankofCanada #cdnecon #inflation

1 CIBC: The #BankofCanada chose not to provide fresh stimulus to the #Canadian #economy now, keeping the overnight rate steady at 2.75%, but did hint that #ratecuts are still possible in the future to help navigate the current period of #trade #uncertainty. 🧵 #BOC #cdnecon

🤔 To make housing more affordable, drop the tax hammer on real estate investors (🎁 link) https://www.theglobeandmail.com/gift/4ef08e3f17e3e79da7da921dff91e650ad61f5aae765a74cd327766b274581e6/APG4OJGABNGWRDVBABTGPBIIBM/ #tore #vanre #toronto #topoli #cdnecon #cdnpoli #speculation #realestate #econ #housing

4 BMO: … and the flash for April was also a surprisingly—nay, amazingly—resilient +0.1%, in the very heart of the #trade and #election #uncertainty. #GDP #cdnecon

3 BMO: … but given the intense uncertainty in the opening months of 2025, that's a minor point. Perhaps the most surprising aspect of today's release was found in the monthlies, where March's initial estimate of a 0.1% gain held … 🧵 #GDP #cdnecon

1 BMO: The #Canadianeconomy looks to have held up reasonably well in the opening months of the trade war, and even the most recent figure for April suggests growth is weathering the trade storm. Canadian real GDP rose at a 2.2% annual rate in Q1 … 🧵 #cdnecon

3 CIBC: However, #growth during Q1 was driven by #trade and #inventories, probably linked to efforts front-running #US #tariffs, and #finaldomesticdemand was only flat on the quarter. #cdnecon

2 CIBC: Headline #GDP posted a 2.2% advance in Q1, which was modestly above the consensus forecast and the #BOC April MPR prediction (1.7% and 1.8% respectively), although that did follow a downward revision to Q4 (to 2.1% from 2.6%). 🧵 #cdnecon

1 CIBC: While headline #GDP growth in #Canada was solid in Q1, it was flattered by a surge in #exports as companies looked to front-run potential #US #tariffs. #Domesticdemand was weak during the quarter, and monthly data point towards only slight upward momentum heading into Q2. 🧵 #cdnecon