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In 2024, Canada's federal government spending reached unprecedented levels, with the Trudeau government's spending patterns marking significant records in the economic history of Canada. Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history.
From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
COVID-19 recession / Economic impact of the COVID-19 pandemic (2020–present day) 2020 stock market crash (2020) Lebanese liquidity crisis (2019–present) Sri Lankan economic crisis (2019–present) Chinese property sector crisis (2020–present) Pakistani economic crisis (2022–present) German economic crisis (2022–present)
Canada's annual inflation rate hit 8.1% in June, up from 7.7% in May, driven by higher costs at the gas pump and almost everywhere else, Statistics Canada said, but short of forecasts it would ...
Since the Great Depression, there have been 14 recessions, which are part of the normal economic cycle. Economists keep waffling on whether or not the U.S. is going to head into one in 2024 after ...
The Bank of Canada slashed its key interest rate for the second time in nine days on Friday to provide a "bridge across the trouble" as authorities seek to stave off a potential recession amid the ...
The employment rate has been stabilized between 8.0% and 11.0% for the past two years; signifying the economic strength of Canada's financial institutions compared to its counterparts in the United States. Many job places in Canada (i.e., grocery stores and restaurants) have opted to reduce hours
Alberta's hopes of a rebound this year for its long-struggling oil industry have been dashed by a crash in global crude prices, dragging down producers' stocks and leaving the Canadian province's ...