Canada's growth modest, inflation near 2% target
The Bank of Canada projects modest economic growth and inflation near its 2 percent target. The Canadian economy continues to adjust to global trade changes.
Economy adjusts to global trade
The Canadian economy is navigating ongoing adjustments to US tariffs and a shifting global trade landscape.
This process is expected to be gradual, leading to modest economic growth projections.
The Bank of Canada anticipates that inflation will remain close to its 2 percent target, reflecting a period of continued economic rebalancing.
Housing costs and family support
Rising housing costs are increasingly prompting first-time homebuyers to seek financial assistance from their parents.
A notable trend in Canada is the rise of parents co-signing mortgages with their adult children.
While this enables the purchase of more expensive homes, it also exposes both generations to potential financial vulnerabilities and disruptions.