Canadian Outlook

Renewed Interest

Updated: August 9, 2022  |  Français

The pileup of events around the war in Ukraine, continuing supply chain difficulties, and a seemingly never-ending line of Omicron subvariants has pushed prices worldwide beyond central banks’ tolerance levels.

Canada is not as far up the inflation ladder as the United States. Canada’s economy suffered the COVID waves more deeply and did not recover as robustly through 2021. As a result, demand pressures on supply were not as acute.

  • Tipping Point?
  • Global and U.S. Outlooks
  • Canada’s Business Sector
  • Household Sector
  • Housing Markets Poised for Correction
  • Governments Enter New Recovery Phase
  • Central Banks Adopt Gunslinger Pose

Key findings

Icon

Inflation is proving to be a stickier problem for all concerned. Fed by pandemic-spending on goods rather than services, inflation has been inflamed by war in the Ukraine and supply chain disruptions.

Icon

Higher commodity prices are a saving grace for primary producers in Canada, boosting profits, but other sectors will have to cope with higher borrowing costs and slower export growth to the U.S.

Icon

Central banks worldwide have had to accelerate their rate hike plans while still hoping to negotiate a tricky soft landing for their respective economies. We are not expecting an economic contraction in Canada, but the risks are creeping up.

Icon

Interest rate hikes have finally tipped the overheated housing market over the edge. Prices are on their way down, and starts will ease from recent highs.

Canada’s two-year outlooks

Forthcoming

Prices Riling Up the Oil and Gas Sector

Issue briefing  |  12-min read
July 19, 2022
Purchase issue briefing ($225)

Forthcoming

Bank of Canada Eyes Higher Interest Rates

Issue briefing  |  12-min read
July 15, 2022
Purchase issue briefing ($225)

Forthcoming

The Next Recovery Phase

Issue briefing  |  10-min read
July 28, 2022
Purchase issue briefing ($225)

Forthcoming

The Summer of Our Discontent

Issue briefing  |  15-min read
August 9, 2022
Purchase issue briefing ($225)

Forthcoming

Forthcoming

Prospects Remain Mixed for Trade

Issue briefing  |  13-min read
July 18, 2022
Purchase issue briefing ($225)

Forthcoming

Industries Face New Challenges

Issue briefing    |  15-min read
July 15, 2022
Purchase issue briefing ($225)

Previous releases

Normalcy Out the Window: Canada’s Two-Year Outlook

The Omicron wave of the COVID-19 pandemic had largely worked its way through the population this winter, and Canadians had been looking forward to life returning to normal. Russia’s invasion of Ukraine, however, threw that hope out the window.

Impact paper  |  24-min read
April 12, 2022

Business investment

Challenges to Ease Gradually

11-min read  |  April 14, 2022

Energy

New Highs From Geopolitical Lows

11-min read  |  April 12, 2022

Financial markets

Bank to Hike Interest Rates Three Times in 2022

12-min read  |  April 12, 2022

Government

A Shift to Post-Recovery

11-min read  |  April 12, 2022

Household consumption

War and Receipts

12-min read  |  April 14, 2022

Household income and employment

Unconstrained By Restrictions, Labour Market Rightens

11-min read  |  April 12, 2022

Housing

Correction at Hand?

12-min read  |  April 12, 2022

International trade

Trade on the Comeback Trail

11-min read  |  April 12, 2022

Industry trends

Most Industries Regaining Their Footing

12-min read  |  April 12, 2022

Become a subscriber

Complete access economics package

Get the information behind the headlines. Have key intelligence at your fingertips so you can act on critical opportunities with confidence.

Learn more

Questions?

Contact our sales team by e-mail or by phone at 1-888-801-8818.