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 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 >

Canada failed to add jobs in December

Jan. 5, 2024 by Tu Nguyen

Canada lost 23,500 full-time jobs in December, replaced by a gain of 23,600 part-time positions. … READ MORE >

Inflation in Canada stayed steady at 3.1%

Dec. 19, 2023 by Tu Nguyen

Food and housing remain primary drivers of inflation. On a year-over-year basis, mortgage interest costs spiked by a whopping 29.7%—the largest contributor to inflation. … READ MORE >

Bank of Canada holds at 5% as excess demand is stomped out

Dec. 6, 2023 by Tu Nguyen

With the economy having contracted in the third quarter, the Bank of Canada on Wednesday shifted its tone on monetary policy from hawkish to neutral as it held its policy rate steady at 5 per cent. … READ MORE >

Canada’s unemployment rises to 5.8%, adding to case for rate cuts

Dec. 1, 2023 by Tu Nguyen

Together with the weak third-quarter gross domestic product report on Thursday, November’s jobs data shifts the Bank of Canada’s focus from rate hikes to rate cuts. … READ MORE >

Canada’s economy contracted more than expected, suggesting a pivot on rates

Nov. 30, 2023 by Tu Nguyen

Canada’s gross domestic product declined by 0.3 per cent in the third quarter and by 1.1 per cent on an annualized basis. … READ MORE >

As Canada pledges to restrain spending, it confronts a housing crisis

Nov. 22, 2023 by Tu Nguyen

In its Fall Economic Statement, Canada pledged to bring spending under control, while at the same time announcing initiatives to ease the shortage of housing. … READ MORE >

Canada sees disinflation as gasoline prices ease

Nov. 21, 2023 by Tu Nguyen

Inflation fell to 3.1% on a year-over-year basis, according to Statistics Canada on Tuesday. On a monthly basis, prices fell by 0.1%. … READ MORE >

Canada’s unemployment rate rises to 5.7% as hiring slows

Nov. 3, 2023 by Tu Nguyen

The Canadian economy added 18,000 jobs in October, down from a gain of 63,800 in September, as the unemployment rate rose by 0.2% to 5.7%. … READ MORE >

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