The Daily Wednesday, April 2, 2025
Press Release
Study: Impacts of rising costs and claims on personal automobile insurance profitability and consumers in Canada, January 2020 to December 2024
In recent years, high claims costs have led to rising automobile (auto) insurance premiums for consumers, as measured by the passenger vehicle insurance premiums Consumer Price Index. Premiums increased most notably in 2019 and 2024 compared to the previous 10 years, reaching a peak of 9.6% year over year in July and September 2024. Premiums trended downward during much of the COVID-19 pandemic; however, despite many consumers driving less, parking and not using their vehicles, and receiving rebates during this period, auto insurance premiums as of December 2024 were higher than pre-pandemic levels in most provinces. Ontario and Alberta had the highest auto insurance premiums in Canada.
Monthly average retail prices for selected products, February 2025
Data on monthly average retail prices for selected products are now available for February.
Residential Renovation Price Index, fourth quarter 2024
In the fourth quarter of 2024, residential renovation costs increased 0.5%, following a 0.6% increase in the third quarter. This was the smallest quarterly increase since the second quarter of 2020.
Research and development of Canadian private non-profit organizations, 2023 (actual), 2024 (preliminary) and 2025 (intentions)
In 2023, in-house spending on research and development (R&D) ($232 million) was essentially unchanged from 2022 ($230 million). Distributions of in-house spending by geographic region, field of R&D and nature of R&D did not change significantly in 2023.
Weekly aircraft movements, March 15 to 21, 2025
Weekly data on aircraft itinerant movements are now available for March 15 to 21, 2025.
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