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. … READ MORE >
Canada’s GDP rises, led by construction and trade
Canada’s gross domestic product in January had a modest increase of 0.2% from December as the effects of the omicron variant paused growth in the services sector. … READ MORE >
RSM Canada Supply Chain Index is flat, but challenges await
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. … READ MORE >
Canadian retail sales rebound amid strong auto demand
The fact that most Canadian retail sectors were little affected by the omicron variant in January highlights the strong consumer demand that shows little sign of waning even as prices climb. … READ MORE >
Canada’s inflation hits 5.7% in a warmup for what’s ahead
Canada’s inflation rate hit 5.7% year over year in February, up from 5.1% in January, as price increases continued to broaden across categories. … READ MORE >
Canada’s job market is strong but uncertainty lies ahead
The Canadian economy added 337,000 jobs in February as the reopening of the economy more than offset the job losses in January because of the omicron variant. … READ MORE >
The impact of an energy shock on Canada’s economy
Although high oil and gas prices had been good news for the Canadian economy over the past few decades, this time is different. … READ MORE >
Bank of Canada raises rates in response to inflation
The Bank of Canada announced on Wednesday that it would raise its overnight rate to 0.5%, 25 basis points from the lower bound policy rate of 0.25%, to tackle inflation. … READ MORE >
Canada’s growth picked up at end of last year as economy reopened
The Canadian economy ended last year on a strong note, expanding by 4.6% in 2021 on an annual basis thanks to a reopening economy. … READ MORE >
Canada’s supply chain worsens amid omicron’s spread
RSM Canada’s Supply Chain Index worsened to 1.84 standard deviations below zero in January, down from a revised 1.36 standard deviations below neutral in December as the omicron variant spread across Canada and the world. … READ MORE >