The Real Economy Blog

Economic News from RSM

Dr. Tu Nguyen, Economist and ESG Director, RSM Canada

@DrNguyenTu

Dr. Tu Nguyen is economist and ESG director for RSM Canada. She holds a doctorate in applied economics from Oregon State University, where she became a leading voice in environmental and natural resource economics globally.

Tu conducts research and analysis on sustainability, labor markets, the COVID-19 pandemic and infrastructure. Her work has provided invaluable insights for international organizations including the World Trade Organization and the United Nations, as well as for government agencies and industry leaders in the United States and Canada.

Before joining RSM, Tu worked as a research economist at Dalhousie University and a research and university lecturer at Oregon State University.
Tu also holds a bachelor of business administration in economics from Baruch College of the City University of New York.

Canada’s economy continues to show resilient growth

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As the number of COVID-19 cases dropped and public health restrictions eased, Canada’s economy grew 1.1% in February, its largest increase in a year and a sign of resilience, according to data released by Statistics Canada on Friday. The growth was broadly seen across industries, most notably in ... READ MORE >

Canada’s supply chain takes a downturn as fuel prices climb

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As Canada’s economy reopened and COVID-19 restrictions were reduced, businesses held out hope that supply chain bottlenecks that had hampered the recovery would ease. But that prospect once again faltered with the Russian invasion of Ukraine and a resurgence of the coronavirus in China, an RSM Canada ... READ MORE >

Bank of Canada raises rates by a half percentage point

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In an effort to target inflation that is at its highest level in decades, the Bank of Canada on Wednesday increased its policy interest rate by 50 basis points, to 1%, and said it would begin to reduce its balance sheet, known as quantitative tightening. The move was widely expected following the ... READ MORE >

Canada’s unemployment rate lowest in nearly five decades

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Canada added 73,000 jobs in March, a relatively modest gain that still helped push the unemployment rate down to 5.3%, the lowest since 1976, according to data released by Statistics Canada on Friday. It is not a coincidence that the unemployment rate is so low while inflation is at its highest level ... READ MORE >

Supply shock ripples across agricultural commodities

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As Russia’s invasion of Ukraine takes a mounting human and economic toll, it also has the potential to threaten the food supply for millions of people who depend on agricultural commodities from those two countries. Russian and Ukrainian grain exports have plunged, leaving many countries scrambling ... READ MORE >

Canada’s GDP rises, led by construction and trade

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Canada’s gross domestic product in January increased modestly by 0.2% from December as the effects of the omicron variant paused growth in the services sector. The gain came entirely from goods-producing industries, which increased by 0.8%, while the services-producing industries saw no growth because ... READ MORE >

RSM Canada Supply Chain Index is flat, but challenges await

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The RSM Canada Supply Chain Index in February continued to show stress in the economy, measuring 1.89 standard deviation below normal and little changed from January. For a while, conditions looked promising as the economy recovered from the omicron variant’s spread. Yet this progress was offset by ... READ MORE >

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