Featured Insights
The Bank of Canada Cuts Rates for the First Time Since March 2020
Canadian Economics June 5, 2024
Labor market conditions are still favourable for rate cuts, despite April’s employment surprise. April’s employment increase (+90,000) was the largest employment gain in the last 12 months and came above predictions. However, the rosy job numbers were tamped down from a large increase in Canada’s population (over 100,000).
Quick take • 3-min read
Walter Bolduc
Economy Sees Growth in First Quarter, but Shows Sign of a Slowing Economy
Canadian Economics May 31, 2024
Real GDP in Canada’s first quarter rose by 1.7 per cent annualized growth, starting the year with a healthy rebound. However, the economy showed signs of slowing, especially as economic growth decelerated each month to start the year, a further sign interest rates may need to move lower soon.
Quick take • 3-min read
Viktor Cicman
Canada’s Consumer Confidence Only Sees Minor Improvements in May
Canadian Economics May 22, 2024
A June interest rate cut would help confidence, but strong employment growth could impact the timeline of the next cut. If the Bank of Canada interprets the significantly hotter than anticipated labour market as pushing up household demand and thus inflation, this could weigh on the likeliness of a cut next month.
Quick take • 2-min read
Walter Bolduc
Featured Publications
Recent Releases
Our Impact
We aim to get our research into the hands of decision-makers—be they in government, business, or civil society—so that they can act on the best evidence and research in Canada. Learn more about our impacts from June 1, 2022 to May 31, 2023..
Subscribe to the Plan of Your Choice
Where leaders turn when faced with Canada’s toughest problems.