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.

Bank of Canada maintains interest rate at 5%

Mar. 6, 2024 by Tu Nguyen

The Bank of Canada kept its policy rate unchanged at 5% for the fifth time in a row as it continued to wait for inflation to further moderate. … READ MORE >

Canadian economy grew by 1%, ending 2023 on a positive note

Feb. 29, 2024 by Tu Nguyen

The Canadian economy seems to have bottomed out and be on the rebound, growing by 0.2% in the fourth quarter of last year and by 1% on an annualized basis, exceeding expectations. … READ MORE >

Natural gas and the move toward energy self-sufficiency

Feb. 21, 2024 by Joseph Brusuelas and Tu Nguyen

Natural gas accounts for roughly 30% of the energy used domestically, and the U.S. is now the largest global exporter of LNG. … READ MORE >

Canada’s inflation excluding shelter hit target in January

Feb. 20, 2024 by Tu Nguyen

Canada’s consumer price index dropped to 2.9% in January, led by lower year-over-year figures in gasoline prices. On a monthly basis, prices stayed flat. … READ MORE >

Canada’s job market exceeded expectations in January, adding 37,000 jobs

Feb. 9, 2024 by Tu Nguyen

Nearly two years into a cycle of steep interest rate increases and after half a year with the policy rate at 5%, the economy added 37,000 jobs in January, far exceeding expectations. … READ MORE >

Canada financial conditions update: Stabilization and recovery

Feb. 8, 2024 by Tu Nguyen

Canada’s financial conditions remain underwater for now, signaling slow growth in the first and second quarters of the year after a contraction last year in the third and fourth quarters. … READ MORE >

Canadian economy grew more than expected in November

Jan. 31, 2024 by Tu Nguyen

The Canadian economy expanded in November by 0.2% on a month-over-month basis, slightly exceeding expectations after staying flat for three months. … READ MORE >

The case for the Bank of Canada to accelerate rate cuts

Jan. 25, 2024 by Tu Nguyen

With restrictive financial conditions, high interest rates and still-elevated inflation, the Canadian economy has come to a standstill and is now at a tipping point. … READ MORE >

Bank of Canada holds rates steady at 5% amid weak growth

Jan. 24, 2024 by Tu Nguyen

the Bank of Canada on Wednesday maintained its policy rate at 5 per cent and continued its restrictive monetary policies. At the same time, though, its public statements signed a more dovish tone. … READ MORE >

Canada’s inflation accelerated to 3.4% in December

Jan. 16, 2024 by Tu Nguyen

December’s CPI increase is likely a blip in the path toward price stability as the overall rate heads to a range to below 3% soon. … READ MORE >

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