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

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 jobs report shows strong gains among full-time workers

Jan. 7, 2022 by Tu Nguyen

Canada added 55,000 jobs in December, rounding out the year on a strong note, according to data released by Statistics Canada on Friday … READ MORE >

Canada’s merchandise trade surplus increases, lifted by vaccine production

Jan. 6, 2022 by Tu Nguyen

Canada’s international merchandise trade surplus widened to 3.1 billion CAD in November because of an unexpected source: the mass production of the COVID-19 vaccine. … READ MORE >

Canada’s building permits hit a record in November

Jan. 5, 2022 by Tu Nguyen

Canadian building permits rose by 6.8% in November to an all-time-high of 11.2 billion CAD, the third straight monthly increase demand for residential housing remained strong. … READ MORE >

Canada’s retail sales increased by 1.6% in October but new virus threat looms

Dec. 21, 2021 by Tu Nguyen

Retail sales climbed by 1.6% to $57.6 billion in October thanks to rebounding sales of motor vehicles and parts, but the data was captured before the stunning recent surge of the omicron variant. … READ MORE >

Canada inflation steady at 4.7% amid high gasoline and food prices

Dec. 15, 2021 by Tu Nguyen

Canada’s inflation in November remained at 4.7% on an annual basis, primarily because of increasing prices for gasoline, food and shelter, according to data released by Statistics Canada on Wednesday. … READ MORE >

Canada’s trade surplus grew in October, fueled by autos and energy

Dec. 7, 2021 by Tu Nguyen

Canada’s merchandise trade surplus widened to CAD $2.1 billion in October—a 10-year high—as exports of motor vehicles and parts as well as energy surged. … READ MORE >

Our economic outlook for Canada in 2022

Dec. 7, 2021 by Tu Nguyen

We see a Canadian economy growing around 4% on the year, inflation hitting 5% before easing to 2% by year’s end, and the unemployment rate declining to just above 6%. … READ MORE >

Canada’s unemployment rate approaches pre-pandemic level

Dec. 3, 2021 by Tu Nguyen

Canada added 153,700 jobs in November, bringing the unemployment rate down to 6% and approaching the pre-pandemic level, according to data released by Statistics Canada on Friday. … READ MORE >

Canada’s GDP rose at 5.4% annual rate as economy reopened

Nov. 30, 2021 by Tu Nguyen

Canada’s gross domestic product grew by a strong 5.4% in the third quarter on an annual basis and by 1.3% from the previous quarter as spending on in-person services rose … READ MORE >

The U.S. infrastructure package is a call to action for Canada

Nov. 29, 2021 by Tu Nguyen

The infrastructure package recently signed into law in the United States will lead to increasing productivity and innovation, but it also has the potential to widen the gap between the U.S. and Canada economies. … READ MORE >

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