Durable goods prices rise at a faster pace year over year in June
The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in June, up from a 1.7% increase in May. Headline inflation grew at a faster pace, as gasoline prices fell to a lesser extent in June (-13.4%) than in May (-15.5%). Additionally, faster price growth for some durable goods, such as passenger vehicles and furniture, put upward pressure on the CPI in June. Prices for durable goods accelerated on a year-over-year basis; they rose 2.7% in June after increasing 2.0% in May.
Source: Consumer Price Index, June 2025
Canadian investors acquire US shares in May
Canadian investors acquired $13.4 billion of foreign securities in May, led by purchases of US shares. Canadian investors bought $11.5 billion of foreign shares, the largest investment since February. Sizable acquisitions of US shares (+$14.2 billion) in May were moderated by sales of non-US shares (-$2.8 billion). As a result, international transactions in securities generated a net outflow of funds of $16.2 billion from the Canadian economy in May, a fourth consecutive month of net outflows, bringing the total to $83.9 billion.
Source: Canada's international transactions in securities, May 2025
Petroleum and coal product subsector leads the decline in May
Total manufacturing sales declined 0.9% to $68.7 billion in May, marking the lowest level since January 2022. The decline in May 2025 was mainly due to reduced sales in the petroleum and coal product (-8.4%) and machinery (-2.7%) subsectors. Sales of petroleum and coal products declined to $6.1 billion, the fourth consecutive monthly decline and the lowest level since June 2021. The decline in May 2025 mainly stemmed from several partial and full shutdowns across refineries in Quebec, Alberta, Ontario and Saskatchewan.
Source: Monthly Survey of Manufacturing, May 2025
Supports and services used by older Canadians to age in the community
As Canada's senior population grows—and with the limited capacity and rising costs of long-term care—there is a greater demand for programs that help people age in their homes and communities. In 2019-2020, about one-third of 65- to 79-year-olds and two-thirds of those aged 80 years or older reported using at least one of the four types of supports and services. Home adaptations (such as grab bars, handrails and adapted bathing facilities) were the most common, used by 25.0% of those aged 65 to 79 and over half (51.9%) of those aged 80 years or older.
Source: Health Reports, July 2025
Deck installation or replacement prices increase
Among the 15-city composite index, Canadian homeowners living in Victoria and Regina have seen the largest price increases to install or replace a deck over the last two years. In Victoria, the price to install a new deck rose 21.6% from the first quarter of 2023 to the first quarter of 2025, while in Regina, prices have gone up 20.2%. Homeowners looking to replace an old deck in Toronto may be in for a price shock, where prices have more than doubled (+152.8%) since the onset of the pandemic. Compared with 2019, lumber prices were 26.6% higher in 2024, accounting for much of the increase in deck prices.
Source: Let’s talk deck and patio prices
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