Featured Insights
Job Bounce Ends Months of Stagnation
Canadian Economics October 15, 2024
September marks the first decline in the unemployment rate since January, with the rate now at 6.5 per cent. This month’s labor market data indicates robust job creation particularly driven by substantial increases in various service sectors.
Trade Deficit Widens to $1.1 Billion in August
Canadian Economics October 8, 2024
Exports of energy products posted sharper declines than all other product categories. Concerns over oil demand exerted downward pressure on crude oil prices. Therefore, the monthly decline in energy exports can mainly be attributed to lower prices of crude oil. Additionally, exports of forestry products and building and packaging materials fell to $3.8 billion in August—its lowest level since July 2023.
Quick take • 2-min read
David Ristovski
Real GDP Rises in July, but Third Quarter Still Expected to be Weak
Canadian Economics September 27, 2024
Today’s release of GDP estimates indicates that Canada’s economy manages to attain growth despite the negative impact from wildfires. However, the overall picture is far from rosy. The Canadian economy showed no growth in June, and advanced estimates reveal that real GDP was unchanged for August.
Quick take • 3-min read
Viktor Cicman
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