All Economy stories

Chinese markets are on life support

Between the U.S. S&P 500 and China's CSI 300, which major stock index would you guess is up 20% in the past year, and which one fell by 20%?  

Answer: The CSI 300 has lost more than a third of its value since 2020 and is entering its fourth consecutive year in the red.

Car thefts are a Canadian epidemic

Thousands of Canadians have been left like a young Ashton Kutcher, dejectedly asking, “Dude, where’s my car?

Driving the news: Authorities in Italy recovered 251 stolen vehicles from Canada — ready to be shipped to the Middle East — after completing a bust at one of Europe’s busiest ports. 

BoC turns attention to rate cuts

The Bank of Canada’s path to its 2% inflation target seems to be getting a little clearer.

What happened: The BoC held the key interest rate at 5% again yesterday. According to Governor Tiff Macklem, the narrative is shifting from if the BoC will lower borrowing costs to when, with some economists predicting rate cuts by late spring. 

Stock surge could cushion broader downturn

If we’re still in a “vibecession,” someone forgot to tell the stock market — over there, things are better than ever.

What happened: The S&P500 cracked a new all-time high at the end of trading last week, closing at 4,839.81, just past the previous record set in January of 2022. 

Roger Aliaga-Díaz on Canada’s economic outlook

 On this week’s episode of Free Lunch by The Peak, we sat down with Roger Aliaga-Díaz, Vanguard's Global Head of Portfolio Construction and Chief Economist for the Americas, to talk about his outlook for the economy in the year ahead and how the last cycle is shaping his thinking. 

Feds considering cap on international students

The federal government will look at capping the number of international students admitted to Canada in the coming months, Immigration Minister Marc Miller told reporters, saying the system “has gotten out of control.” 

Why it matters: The number of people coming to study in Canada from abroad has surged, climbing to around 900,000 last year, and worsening a housing shortage that’s driven rents up by 22% over the past two years.

The holiday market rally is ruined

Investors are starting to question the existence of Santa Claus… as far as the guy with the big, white, fluffy beard relates to markets, that is. 

Driving the news: Experts are backtracking on the once-sure bet of the "Santa Claus Rally," a phenomenon where markets surge during the last five trading days of a year — which means it starts today — and the first two of the next, according to The Wall Street Journal.

Temporary residents drive population boom

Better start baking those welcome cookies now, because you’ve got a million new neighbours to welcome.

What happened: Canada’s population grew by more than 1 million over the first nine months of the year, according to newly released Statistics Canada data.

Dropping your living standards

The Canadian economy has avoided a technical recession after economists updated the numbers that triggered alarm bells earlier this year. That’s #EconomistMath. 

What happened: Gross domestic product (GDP) data shows the economy shrank by 1.1% last quarter from the previous year, falling above the 0.1% rise expected by economists and the Bank of Canada’s forecast of 0.8%, a steep drop from growth seen earlier this year.

An update on the fall economic update

Are you self-conscious about your spending? Luckily, you don’t have to broadcast it to the entire nation like the federal government will later today in its fall economic update

Driving the news: The update — which we must note is merely a statement on the budget and not a new budget — will focus on two top-of-mind matters: Housing and affordability.