November 2025 - Andersen Brethour Report

This month’s key insights include:

✅ Canada’s economy is stalling — business investment, exports, and employment all weakening

✅ Tariffs are hammering Canadian industries, widening the trade deficit to $6.3B

✅ A massive federal budget is coming, but impacts and execution are uncertain

✅ The housing market has split: rentals up, single-detached construction near historic lows

✅ GTA’s price gap between new and resale hits record highs; Ottawa holds steady but faces job-market risks