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.
57.2 /100
Key Indicators
Prime Rate
4.45%
5Y GoC Yield
3.41%
10Y GoC Yield
3.79%
USD / CAD
1.3840
Inflation (CPI, YoY)
3.0%
Unemployment
6.4%
Housing Starts
18,834 units
WTI Crude
US$91.34
TSX Composite
36,514
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.
Unlock the engine →Research
Sep 4, 2026
The 2.25% Hold Buys Time, Not Relief, for Canada's Renewal Wave
With nearly one-in-four mortgages now held outside the chartered banks and the debt service ratio at 14.75%, the Bank of Canada's pause is a ceiling on further pain, not a floor under household cash flow.
Sep 2, 2026
Bank of Canada holds at 2.25% as rebound holds but risks mount
Governing Council kept the policy rate unchanged, citing broadly on-track growth and inflation, while flagging sharper uncertainty from energy prices and new tariffs.
Sep 1, 2026
Bank of Canada Decision Day: Watch the Words, Not Just the Rate
With the overnight rate at 2.25% for nearly a year and fresh tariffs already in force, tomorrow's statement language on growth will tell investors more than the decision itself.
Aug 24, 2026
Canada-U.S. Tariff Escalation: What the Pre-Event Data Actually Show
Readings through late July 2026 reveal the conditions in place before August 21, not the effects after it.
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.