Featured Insights
Trade Deficit Narrows to $1.0 Billion in April
Canadian Economics June 6, 2024
Canada’s merchandise exports were up 2.6 per cent in April on the back of higher exports of energy products, while imports rose 1.1 per cent mainly due to higher imports of motor vehicles and parts. As a result, Canada’s merchandise trade deficit narrowed to $1.0 billion in April.
Quick take • 2-min read
David Ristovski
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
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