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Real GDP Flat in March but Accelerates in the First Quarter of 2023
Canadian Economics May 31, 2023
Today’s releases of industry GDP and income and expenditure show that Canadian GDP performed above expectations in the first quarter of 2023. A combination of better-than-expected household spending, a rise in exports, healthy job gains, and high levels of immigration have all contributed to a rise in output for the first quarter of this year.
Quick take • 3-min read
Viktor Cicman
Seventh Consecutive Fall in the Index of Business Confidence
Canadian Economics May 30, 2023
The index has been trending downward since the third quarter of 2021. Although future optimism surrounding Canadian economic conditions has improved in terms of inflationary pressures and supply chain constraints, challenges such as rising costs of capital and labour, high interest rates, and weak market demand continue to adversely affect planned investment.
Quick take • 3-min read
Jake Lenarduzzi
The Index of Consumer Confidence Reached 77.3 This Month Following Its Third Consecutive Monthly Increase
Canadian Economics May 23, 2023
Alberta wildfires have damaged its provincial consumer confidence while potentially hurting other provinces’ outlooks. May’s Index of Consumer Confidence had Alberta seeing the largest monthly decline dropping 8.7 points. At the core of this is likely the province’s ongoing wildfire concerns.
Quick take • 3-min read
Walter Bolduc
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