The Index of Consumer Confidence Reached 77.3 This Month Following Its Third Consecutive Monthly Increase

Canadian Economics    May 23, 2023

Alberta wildfires have damaged its provincial consumer confidence while potentially hurting other provinces’ outlooks. May’s Index of Consumer Confidence had Alberta seeing the largest monthly decline dropping 8.7 points. At the core of this is likely the province’s ongoing wildfire concerns.

Quick take  •  3-min read
Walter Bolduc

Through the Gloom and Uncertainty, Manufacturing Sales Ticked Up in March

Canadian Economics    May 16, 2023

Although near-term uncertainty is seeping out of every pore of the Canadian economy, manufacturing sales managed to eke out growth in March. Sales gains were largely due to an uptick in transportation equipment sales.

Quick take  •  3-min read
Kiefer Van Mulligen

Accelerating Price Growth in April Highlights the Challenges Ahead

Canadian Economics    May 16, 2023

Year-over-year price growth inched further away from the Bank of Canada’s target in April. Mortgage interest costs, pushed up by higher interest rates, rose by 28.5 per cent (y/y) and were the key contributor to the year-over-year acceleration of price growth.

Quick take  •  2-min read
Kiefer Van Mulligen

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