Macro Conditions of Canada

The state of the Canadian economy, updated daily.

The indicators that move every industry, refreshed daily — from ODIN, the causal digital twin of Canada.

Economic Health Index unavailable — required data are incomplete or stale

Required inputs are withheld.

As of: Nov 8, 2026, 3:01 a.m. ET

Key Indicators

BoC Policy Rate (monthly average)

2.50%

Source: Bank of Canada, target for the overnight rate (Valet V39079). ODIN averages business-day observations by calendar month and rounds to four decimals. Source data are available free of charge at bankofcanada.ca. No endorsement by the Bank of Canada is implied.

Inflation (CPI, YoY)

3.1%

Adapted from Statistics Canada, Consumer Price Index, monthly, not seasonally adjusted (table 18-10-0004-01), reference period 2026-09. This does not constitute an endorsement by Statistics Canada of this product. ODIN calculates the change from the same month a year earlier and rounds to the nearest one decimal, with exact midpoint ties rounded away from zero (for example, 1.25 becomes 1.3 and -1.25 becomes -1.3).

Unemployment

6.5%

Source: Statistics Canada, Labour force characteristics by province, monthly, seasonally adjusted (table 14-10-0287-03), 2026-09. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Housing Starts

19,984 units

Source: Statistics Canada, Canada Mortgage and Housing Corporation, housing starts, under construction and completions in centres 10,000 and over, Canada, provinces, selected census metropolitan areas (table 34-10-0143-01), 2026-09. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Prime Rate: Values withheld because approved source rights could not be verified.

5Y GoC Yield: Values withheld because approved source rights could not be verified.

10Y GoC Yield: Values withheld because approved source rights could not be verified.

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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Research

Daily brief · Nov 8, 2026 · withheld

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