The article discusses various economic trends in Canada, including:
- Housing market correction: Economists believe that the housing correction has likely run its course, and prices may start to rise again.
- Rents breaking records: A chart from Bank of Montreal shows that the population of people aged 20-29 is growing rapidly, putting pressure on rents and potentially home prices in the medium term.
- Inflation: The article mentions that Canada will get its latest reading for inflation when the consumer price index (CPI) for January is released today, which rose 3.4% year-over-year in December.
- Mortgage trends: Canadians are jumping back into variable mortgages, and there may be more pain ahead in commercial real estate.
The article also mentions various economic indicators and events, including:
- Today’s data releases: The National Bank/Teranet new home price index and earnings reports from Home Depot Inc., Walmart Inc., GFL Environmental Inc., and First Quantum Ltd.
- Innovation Minister Francois-Philippe Champagne’s discussion with players in the mining and critical minerals sector
Overall, the article provides a snapshot of current economic trends and events in Canada, highlighting key indicators and potential future developments.
