Housing markets across Canada remain subdued, despite signs of stabilization in consumer confidence. Toronto and Vancouver remained at the centre of the downturn, posting the steepest price declines from a year ago alongside Fraser Valley. Demographic...

In what follows, we outline a range of scenarios and how we’re thinking about the current oil price shock. 1. Higher oil will drive up inflation but the magnitude depends on the persistence of the shock Headline inflation has now exceeded 2% for nearly...