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…
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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…
Headline and Core Inflation Drop, but Remain Too High for Comfort
Key Insights Down a little more, but still a long way to go. Year-over-year CPI growth cooled further in August, but…
Manufacturing Sales Down Again in July, but Volumes on the Rise
In dollar terms, Canadian manufacturing sales fell by 0.9 per cent (m/m), the third straight monthly decline, but rose by 17.5 per…
The Bank of Canada Raises Interest Rates by 75 Basis Points But is Not Done Yet
The Bank of Canada increased its target for the overnight rate by 75 basis points to 3.25 per cent, with the Bank…
Trade Balance Tightens
Canada’s merchandise exports declined by 2.8 per cent (month-on-month) in July, while imports dropped by 1.8 per cent. As a result, Canada’s…
Modest Second Quarter Growth as Competing Economic Forces Muddy the Waters
Canadian real GDP inched up by 0.1 per cent in June, in line with Statistics Canada’s preliminary estimate. June’s performance caps off…