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.
50.6 /100
Key Indicators
Prime Rate
4.45%
5Y GoC Yield
3.06%
10Y GoC Yield
3.37%
USD / CAD
1.4181
Inflation (CPI, YoY)
3.2%
Unemployment
6.6%
Housing Starts
22,633 units
WTI Crude
US$68.78
TSX Composite
34,857
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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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.
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.
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.