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

Apples in a mesh bag

Canada’s Consumer Confidence Only Sees Minor Improvements in May

Canadian Economics    May 22, 2024

A June interest rate cut would help confidence, but strong employment growth could impact the timeline of the next cut. If the Bank of Canada interprets the significantly hotter than anticipated labour market as pushing up household demand and thus inflation, this could weigh on the likeliness of a cut next month.

Quick take  •  2-min read
Walter Bolduc

Inflation’s Deceleration in April Bodes Well for Imminent Rate Cut

Canadian Economics    May 21, 2024

April’s CPI figures were broadly positive despite the recent acceleration of gasoline prices. The rampant pace of food price growth appears to be tamed, as prices for food sold in stores grew by only 1.4 per cent year-over-year. However, gasoline price growth accelerated which added some inflationary pressure in April.

Quick take  •  2-min read
Kiefer Van Mulligen

Recent Releases

Aerial view of motorboat speeding over waves

Our Impact

We aim to get our research into the hands of decision-makers—be they in government, business, or civil society—so that they can act on the best evidence and research in Canada. Learn more about our impacts from June 1, 2022 to May 31, 2023..

Subscribe to the Plan of Your Choice

Where leaders turn when faced with Canada’s toughest problems.

Latest Podcasts