While Canada is attracting immigrants, it struggles to make use of their skills, leaving much unrealized potential on the table. … READ MORE >
Canada retail sales edge higher, bolstered by car purchases
Retail sales in Canada climbed by 0.1% to $65.9 billion in June, with all of the gain attributed to higher sales of motor vehicles and parts. … READ MORE >
Canadian inflation ticks up but underlying data may bode well for interest rates
Canada’s July inflation figures are a somber reminder that the road back to 2% will take time and patience. … READ MORE >
Canadian economic outlook: Defying expectations
In our updated economic forecast, we have downgraded the probability of a recession in Canada over the next 12 months to 60%, from 75%. … READ MORE >
Canada’s job market slows as unemployment rate hits 5.5%
Canada’s unemployment rate rose to 5.5%, the third consecutive increase for the first time since March 2020, the onset of the pandemic. … READ MORE >
Canada inflation remains elevated amid high gas prices
Canada’s consumer price index in October rose by 6.9% on a year-over-year basis, matching September’s increase. … READ MORE >
Canada adds a stunning 108,000 jobs in October, reversing decline of prior 5 months
The outsize gain and the resilience of the job market suggest that the Bank of Canada will announce another supersized interest rate hike next month. … READ MORE >
Bank of Canada announces smaller-than-expected 50-basis-point hike
Reasons for increasing interest rates are plentiful amid strong core inflation, high inflation expectations, a tight labor market, and excess demand in the economy. … READ MORE >
Canada’s inflation refuses to cool
Canada’s CPI rose by 6.9% on a year-over-year basis, slightly down from 7% in August, continuing a three-month streak of decline. … READ MORE >
To thrive, middle market needs more women in leadership
If businesses are to thrive in an era of chronic labor shortages, they must attract, retain, recognize and reward women. … READ MORE >