See how the economy reaches you, with the evidence attached.
Free Canadian economic data, research and tools, from 14 cities to the world economy, with every figure traced to its source.
The Bank of Canada’s target for the overnight rate moved from 2.25% to 2.50% in October 2026, its first rise since July 2023. It stood at 2.50% on 5 November 2026.
The Ripple
The Bank of Canada moved its rate. Here is how that can reach you.
- 1
The Bank moves its rate
Where it starts - 2
Lenders reprice
Established mechanism - 3
Mortgage costs respond, some sooner than others
Established mechanism - 4
Housing activity tends to respond
Established mechanism - 5
Household budgets can tighten
Established mechanism
A reading path through recorded links, not a forecast. Effects along a chain are never added or multiplied.
The Atlas
Every place has its own line
- CalgaryAlbertaUnemployment rate 6.6%
- EdmontonAlbertaUnemployment rate 7.1%
- HalifaxNova ScotiaUnemployment rate 5.4%
- HamiltonOntarioUnemployment rate 7.6%
- Kitchener–WaterlooOntarioUnemployment rate 7.1%
- LondonOntarioUnemployment rate 8.1%
- MontréalQuebecUnemployment rate 6.9%
- Ottawa–GatineauOntarioUnemployment rate 7.1%
- QuébecQuebecUnemployment rate 4.5%
- ReginaSaskatchewanUnemployment rate 5.9%
- SaskatoonSaskatchewanUnemployment rate 5.9%
- TorontoOntarioUnemployment rate 7.1%
- VancouverBritish ColumbiaUnemployment rate 6.7%
- WinnipegManitobaUnemployment rate 5.0%
Unemployment rate, three-month moving average, October 2026. Source: Statistics Canada.
The Pulse
This week
| Measure | Latest | Period | Trend, 24 months |
|---|---|---|---|
| Policy rate | 2.50% | November 2026 | |
| Consumer prices, 12-month change | 3.1% | September 2026 | |
| Unemployment rate | 6.7% | October 2026 | |
| Posted five-year mortgage rate | 6.19% | October 2026 | |
| Crude oil, WTI | US$98 | October 2026 |
Next releases
- Building permitsStatistics Canada
- Consumer Price IndexStatistics Canada
- Investment in building constructionStatistics Canada
- Retail tradeStatistics Canada
- Gross domestic product by industryStatistics Canada
Dates from Statistics Canada’s Major economic releases schedule and the Bank of Canada’s fixed announcement dates.
The Northline Brief
One email a week on what changed and what it means, with the evidence attached.
Research
The latest analysis
- Alberta, Saskatchewan, Newfoundland and Labrador
Where the money comes from is not where the jobs are: Alberta’s energy paradox
13 minute read - British Columbia, Ontario, Saskatchewan
Where Canada’s open project registers look, and where they are silent
3 minute read - Canada
Beyond the border: who else Canada sells to and buys from, 2025
11 minute read
Intelligence Studio
Now work with it yourself
Take a story or a place into your own workspace. Add your numbers, test scenarios against history and build a report that traces every conclusion to its source.
- Start from anythingA place, an indicator, a story or your own question.
- See what the evidence supportsEstimates appear only where the data support them; otherwise Studio says so.
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How we treat evidence
A line that shows how strong it is
Every link in Northline says what kind of evidence stands behind it. The stroke of the line carries the class, so it reads in print and without colour.
- Established mechanismA central bank, agency or published study describes how this works. It does not say how large the effect is.
- Institutional relationshipA rule, mandate or structure ties these two together.
- Estimated causal relationshipA published estimate of an effect, valid only under the conditions its source states.
- Documented exposureA measured share or dependence. It shows who is exposed, not what will happen to them.
- Observed correlationThese have moved together. That alone says nothing about cause.
- HypothesisA plausible link that has not been evidenced. An open question.
- 2,027 data series from Statistics Canada, the Bank of Canada, the World Bank and other official publishers, each with its source, period and licence.
- Every relationship shows what kind of evidence stands behind it, and a correlation is never presented as a cause.
- No forecasts of our own. Scenarios are conditional arithmetic, and effects are never multiplied along a chain.
- An editor approves written analysis before it is published. How we work and corrections are public.
What Northline offers
Free to explore. Built to work with.
Free for everyone
- The Ripple, the Atlas and the Pulse
- Charts you can share and download, with the source built in
- Intelligence Studio in your browser
For your decisions
- Market & location intelligence: places, markets and industries compared, from a C$750 profile
- Custom economic & industry research on your own question, scoped in writing
- Procurement & spend analysis and supply chain & operational intelligence, from your own records
- Research partnerships: research capacity for consulting and advisory firms
Request a professional serviceAll servicesSee a sample report
How it is built
- Every chart states its source, retrieval date and licence
- Published methods and sources, editorial standards and a public corrections log
- Northline Research: 247 published analyses, each with its limits stated
Nothing here is investment advice, tax advice, legal advice or real-estate advice. Intelligence Studio is free: no Studio plan is on sale, and nothing here asks for payment details. Research is prepared with AI assistance, and our editorial standards set out how it is checked. The Canadian Economic Atlas is published by Northline Economics; both are working names that have not completed legal or trademark clearance. Northline is new and makes no claim to clients or readership.