Inequality in Canada: Separating Fact From Fiction
Income inequality in Canada has declined in recent years and fell sharply during the pandemic. Wealth inequality has dropped dramatically…
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A Step Forward and a Step Back: Fall Economic Statement
On November 3, Finance Minister Chrystia Freeland provided an updated assessment on how the economy is faring, where it is headed…
Business Confidence Declines for the Fifth Straight Quarter As Recession Fears Mount
In October, The Conference Board of Canada’s Index of Business Confidence fell 1.3 points to 77.8 (2014=100), the lowest level…
September’s Unyielding Core CPI Figures Making Canadians Sore
In September, the Consumer Price Index (CPI) rose by 6.9 per cent (y/y). This was lower than August’s 7.0 (y/y) per cent…
There’s a 70 Per Cent Probability of a Recession Next Year
We believe that the technical recession definition (two quarters of negative growth) should be replaced with a more holistic one. In…
Signs of Slowdown: Manufacturing Sales, Volumes Both Decline in August
Canadian manufacturing sales fell for the fourth month in a row, dropping by 2.0 per cent (m/m), but were up 18.2 per…
Trade Balance Slides Lower
Canada’s merchandise exports declined by 2.9 per cent (month-on-month) in July, while imports dropped by 1.7 per cent. As a result, Canada’s…
Tepid September Job Numbers Cap Off a Sluggish Third Quarter
Employment held steady in September, following three consecutive months of decline. The labour force participation rate continued to trend downwards, falling by…
GDP Inches Up As the Weight of Higher Rates Begins To Tell
Real gross domestic product crept up by 0.1 per cent in July, matching the modest rate recorded in the previous month….
Consumers Tread Cautiously as Canada Enters the Fall Season
After increasing 2.3 points in August to 75.1, the Index of Consumer Confidence remained relatively unchanged in September at 75…