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Trade war sours Canadian housing market sentiment and recovery

April 15, 2025

The trade war is derailing what was shaping up to be a solid recovery in Canada’s housing market.

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Improving housing affordability in Canada takes a backseat

March 31, 2025

Homeownership costs see a fourth straight drop in Canada, but the trade war is likely to loom large over the market near term.

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Featured Insights

Canadian economy softened ahead of tariffs

April 30, 2025

Looking forward, we expect direct tariff impact will be relatively contained but a weaker US economy will continue to spill over and negatively impact Canada.

Q1 U.S. GDP signals a weak starting point

April 30, 2025

The print has some large pre-tariff distortions: a surge in imports drove the trade gap wider and this was only partially offset by a ramp up in inventories.

Canada’s path ahead: Six economic challenges facing the new federal government

April 29, 2025

Canada is not the only country facing shifting trade winds, and with pervasive uncertainty weighing on businesses, the public sector will need to play a role in making the economy more resilient.

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Canadian Housing

Trade war sours Canadian housing market sentiment and recovery

April 15, 2025

The trade war is derailing what was shaping up to be a solid recovery in Canada’s housing market.

Canada’s homebuyers wait out trade war fallout

April 7, 2025

The chills the U.S. trade war has sent through participants in the housing market are getting frostier.

Improving housing affordability in Canada takes a backseat

March 31, 2025

Homeownership costs see a fourth straight drop in Canada, but the trade war is likely to loom large over the market near term.

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Slide 1 currently selected of 6 total slides

Economy and Markets

Hard Times: Escalating tariffs threaten U.S. economic exceptionalism

April 10, 2025

U.S. trade policy continues to escalate with grievances extending to virtually all U.S. trade partners today from just a handful a month ago.

Canada’s macroeconomic outlook: U.S. trade risks are derailing a recovery

March 13, 2025

The threat of significant international trade disruptions is overshadowing what would have been a substantially improving Canadian economy.

It's a new dawn (day), and no one’s feeling good: Tariffs slash growth momentum in Canada and U.S.

March 12, 2025

Trade risks are set to wipe out early signs of economic recovery in Canada—we expect gross domestic product growth to slow and the unemployment rate to edge higher in coming quarters.

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Provincial Outlook and Fiscal Analysis

Prince Edward Island Budget 2025: Entering a period of deeper deficits

April 10, 2025

P.E.I. projects the largest deficit in province’s history at $184 million in 2025-26 with no plans to return to balance.

Newfoundland and Labrador Budget 2025: Balance delayed until 2026-27 amid record spending

April 9, 2025

Newfoundland and Labrador projects a $372 million shortfall in 2025-26, delaying plans to balance by a year.

Quebec Budget 2025: Record deficit and a long and conditional path to balance

March 25, 2025

Québec’s budgetary shortfall will deepen to a record $13.6 billion in 2025-26 following a marginally shallower deficit in 2024-25.

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Forecasts & Data

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Forward Guidance

Economic Analysis

Trade war sours Canadian housing market sentiment and recovery

Improving housing affordability in Canada takes a backseat

Featured Insights

Canadian economy softened ahead of tariffs

Q1 U.S. GDP signals a weak starting point

Canada’s path ahead: Six economic challenges facing the new federal government

Canadian Housing

Trade war sours Canadian housing market sentiment and recovery

Canada’s homebuyers wait out trade war fallout

Improving housing affordability in Canada takes a backseat

Economy and Markets

Hard Times: Escalating tariffs threaten U.S. economic exceptionalism

Canada’s macroeconomic outlook: U.S. trade risks are derailing a recovery

It's a new dawn (day), and no one’s feeling good: Tariffs slash growth momentum in Canada and U.S.

Provincial Outlook and Fiscal Analysis

Prince Edward Island Budget 2025: Entering a period of deeper deficits

Newfoundland and Labrador Budget 2025: Balance delayed until 2026-27 amid record spending

Quebec Budget 2025: Record deficit and a long and conditional path to balance

Forecasts & Data

Get Email Updates from RBC Economics