Home sales dented by tariff worries in January as listings surge: CREA
Sales were down 3.3% from December
- By: Ian Bickis, The Canadian Press
- February 18, 2025 February 18, 2025
- 14:58
Sales were down 3.3% from December
Foreign investors increase exposure to Canada, domestic investors add to U.S. holdings: StatCan
Without the GST tax break, the annual inflation rate would have accelerated to 2.7%: StatCan
The crypto industry has scored early wins since U.S. President Donald Trump took office
CMHC reported 239,739 starts in January, up from 232,492 in December
Alibaba founder Jack Ma, who drew fire during a recent crackdown on the tech industry, was among those present
Canadians buying fewer discretionary goods, eating out less
Lower rates needed to offset demographic, financial headwinds
Wholesale sales dropped 0.2% to $83.6 billion in December; wholesale sales were down 0.8%
However, in constant dollars, overall manufacturing sales fell 0.8%
Restaurants Canada is calling for the relief to be extended or made permanent
Sales dropped 0.9% on a month-over-month basis: U.S. Commerce Department
One in five say their company will go under in the next quarter if Ottawa doesn't provide support
The tariff increases would be customized for each country with the partial goal of starting new trade negotiations
Jobless rates unchanged in December, remaining low for the year
Economy grew by 0.1% for the quarter and 0.9% overall in 2024
As fight against inflation stalls, expectations for rate cuts this year have diminished
Claims fell by 7,000 to 213,000 for the week ending Feb. 8
Central bank says it will provide updates if trade war developments materially change its outlook
Underlying outlook is positive, but tariffs a dark cloud for housing
Fed will continue to "make our decisions based on what’s happening in the economy," he tells House committee
The consumer price index increased 3% in January from a year ago
The 25% levy on aluminum and steel exports starts March 12
A stronger housing market also possible, according to Market Participants Survey
Transition risks ease in short-term, but longer term threats loom