COVID-19 News

Following the onset of the pandemic, Canada experienced a drastic drop in its real gross domestic product (GDP), with the economy contracting 18.2% between March and April 2020. With the gradual easing of pandemic-related...

Employment fell by 207,000 in April as lockdown measures tightened in several regions of the country. Losses in April reflected declines in both full-time and part-time work. Lower employment in Ontario accounted for nearly...

Employment fell by 207,000 in April as lockdown measures tightened in several regions of the country. Losses in April reflected declines in both full-time and part-time work. Lower employment in Ontario accounted for nearly...

Headline consumer inflation returned to pre-pandemic levels in March as the downwards pressure from the base year coupled with current price growth led to a sharp acceleration in the headline rate. Consumer prices rose 2.2% on a...

Employment rose by 259,000 in February as public health measures eased in many regions of the country. February’s gain, concentrated in industries that were heavily impacted by the recent lockdown measures, offset headline...

Escalating virus spread and containment measures likely caused labour markets to shed jobs for a second straight month in January. Royal Bank of Canada (RBC) economists expect Canadian headline employment to have fallen 40k....

RBC’s consumer spending tracking report uses RBC Data & Analytics’ proprietary database of anonymized card transactions by Canadian clients. The data are an accounting of merchant transactions that are divided into various...

Economic activity rose for the seventh consecutive month in November, supported by increases in mining, oil sands extraction, and factory output. Real gross domestic product increased 0.7%, following the 0.4% gain in October....