Monthly Archives: June 2025

Bank of Canada holds while the economy devolves

Posted on June 9, 2025 by Danielle Park

Canada’s unemployment rate has climbed to 7% from 6.2% a year ago, and up 210 basis points from 4.9% in June 2022 (chart below via The DailyShot). Excluding the pandemic, this is the highest unemployment rate since 2016 (Statscan report … Continue reading →

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Debt-stressed consumers retrenching

Posted on June 6, 2025 by Danielle Park

Since June 2024, interest rates have trended down from a two-decade high, yet remain above the historically low levels seen during the pandemic. Approximately 1.2 million Canadian mortgages will renew in 2025, a vast majority (85%) of which were secured … Continue reading →

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Job losses leaping

Posted on June 5, 2025 by Danielle Park

Slowly, then all at once…job losses ‘unexpectedly’ leaping across many sectors. Andy Challenger, Senior Vice President, Challenger, Gray & Christmas, shares his insights on the latest Challenger layoff report in the U.S. and what sectors were most impacted.  Here is … Continue reading →

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