Falling Petroleum and Coal Sales Burned Canadian Manufacturing Sales in March

Canadian Economics    May 15, 2024

Canadian manufacturing sales posted their weakest month-over-month growth since October 2023 with only 4 of 21 subsectors reporting higher sales. Falling sales of petroleum and coal products contributed most to this decline.

Quick take  •  2-min read
Kiefer Van Mulligen

April Showers Didn’t Dampen the Labour Market

Canadian Economics    May 10, 2024

In a weaker business environment, hiring across the economy has slowed. April was an exception to generally softer labour demand, but the fundamentals so far in 2024 remain on the weaker side. Rising labour supply and falling demand is reducing tightness in the labour market. Lower competition for workers is gradually weighing on wage growth, which we expect to decelerate further over the coming months.

Quick take  •  3-min read
Jake Lenarduzzi, Liam Daly

Trade Balance Swings to Deficit

Canadian Economics    May 2, 2024

Canada’s merchandise trade balance swings back into deficit in March as weaker export performance erases the gains made in February. Total imports also fell, reflecting weakened demand conditions domestically.

Quick take  •  3-min read
Ted Mallett

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