Canada Data Week Sharpens Housing Outlook

This current week featured Canada inflation, housing, and trade catalysts, with a tariff deadline looming alongside fresh readings on starts, retail sales, and lending.
Early-Q3 inflation and home sales readings may guide debate over whether the central bank eventually hikes again or keeps its policy rate steady through 2027.
A Real Estate group recently revised its 2026 outlook, now expecting national sales to edge lower this year instead of posting modest growth.
A Mid-Q3 deadline could place nearly US$20B of Canadian exports under ~50% US tariffs, with negotiations continuing but significant issues still unresolved.
Housing starts, retail sales, a loan officer survey, and preliminary business-activity indexes were also due, offering fresh signals on construction, spending, credit, and momentum.