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More of the Same: Job Growth Stalls in October

Canadian Economics    November 8, 2024

In October, job gains stalled following two months of growth. While inflation is largely under control, the economy is subdued and confidence among businesses and consumers has yet to recover. With nearly a third of Canadians residing in households that struggled to meet their financial needs in October, reviving Canada’s sluggish labour market is crucial.

Quick take  •  3-min read
Liam Daly

Business Confidence Still Searching for Rhythm

Canadian Economics    November 7, 2024

The Index of Business Confidence has yet to experience a significant bounce back after declining for nine consecutive quarters between 2021 and 2023. In October, the Index decreased by 2.4 points, reversing a 2.1-point increase seen in July. More than 30 per cent of survey respondents pointed to seven key factors that are adversely affecting their planned investment expenditures.

Quick take  •  3-min read
Jake Lenarduzzi

Trade Deficit Narrows to $1.3 Billion in September

Canadian Economics    November 5, 2024

Canada’s merchandise exports were down 0.1 per cent in September mainly due to lower exports of metal and non-metallic mineral products, while total imports fell 0.4 per cent on the back of lower imports of metal and non-metallic mineral products. As a result, Canada’s merchandise trade deficit narrowed to $1.3 billion in September.

Quick take  •  3-min read
David Ristovski

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