Policy Rate (BoC)
2.25%
Macro Conditions of Canada
The state of the Canadian economy, right now.
A live read of the indicators that move every industry — from ODIN, the causal digital twin of Canada.
55.6 /100
Key Indicators
Prime Rate
4.45%
5Y GoC Yield
3.35%
10Y GoC Yield
3.75%
USD / CAD
1.3760
Inflation (CPI, YoY)
3.0%
Unemployment
6.4%
Housing Starts
18,834 units
WTI Crude
US$86.77
TSX Composite
36,365
Why is this happening — and what comes next?
ODIN traces how each of these moves through the economy: the transmission chains, the cross-currents, the second-order effects. That reasoning is the engine.
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Jul 14, 2026
July energy shock opens a two-stage inflation pipeline into Canadian consumer prices
A three-standard-deviation spike in global energy costs, a Canadian dollar at 1.41, and three straight months of CPI acceleration set up a compounding pass-through into the July and September official prints.
Jul 14, 2026
Canada is forming households faster than it is building homes
A widening gap between household formation and housing starts points to a deepening structural supply deficit that will sustain developer demand for years.
Jun 1, 2026
Bank of Canada rate cuts are warranted but wage growth and a weak loonie set the pace
Core inflation measures have returned near the 2% target, yet 4.5% wage growth and a Canadian dollar trading above 1.38 per US dollar argue for a deliberate, not aggressive, easing path.
Jun 1, 2026
Mortgage Renewal Shock Meets a 6.9% Unemployment Rate: Canada's Dual Squeeze
Fixed-rate borrowers rolling onto materially higher rates in 2026 face a labour market that is softening, compressing household cash flow and lifting bank credit risk simultaneously.
Jun 1, 2026
Canada 6.9% Jobless Rate Keeps BoC Cut Bias Alive
Slack labour market and cooling core inflation give the Bank of Canada room to ease, but sticky wage growth complicates the calculus.