The central bank’s decision to keep rates steady also suggested that its campaign of rate increases might be over, rendering a rate peak of 5%. … READ MORE >
Canada
Canada welcomes immigrants, but their skills are underused
While Canada is attracting immigrants, it struggles to make use of their skills, leaving much unrealized potential on the table. … READ MORE >
Canada retail sales edge higher, bolstered by car purchases
Retail sales in Canada climbed by 0.1% to $65.9 billion in June, with all of the gain attributed to higher sales of motor vehicles and parts. … READ MORE >
Canadian inflation ticks up but underlying data may bode well for interest rates
Canada’s July inflation figures are a somber reminder that the road back to 2% will take time and patience. … READ MORE >
Canadian economic outlook: Defying expectations
In our updated economic forecast, we have downgraded the probability of a recession in Canada over the next 12 months to 60%, from 75%. … READ MORE >
Canada’s job market slows as unemployment rate hits 5.5%
Canada’s unemployment rate rose to 5.5%, the third consecutive increase for the first time since March 2020, the onset of the pandemic. … READ MORE >
This week in energy: FERC cybersecurity investment rule, oil prices, Canada wildfires
In this week’s energy industry roundup, we examine a new federal rule that allows certain electric utilities to recover cybersecurity investment costs, the bearish oil market and the impact of wildfires in Canada. … READ MORE >
Canada added 41,400 jobs in April amid resilient labor market
The strong jobs report should get the attention of the Bank of Canada as it weighs its next move in June. … READ MORE >
Canadian recession tracker: Preparing for landing
A recession, albeit mild and brief, is most likely on the horizon. Our forecast puts the chance of a recession at 60% by the middle of the year, with the downturn hitting the economy unevenly. … READ MORE >
Canadian inflation fell to lowest since August 2021
Canada’s inflation rate dropped to 4.3% in March on an annual basis from 5.4% in the prior month, driven largely by comparisons to the surging energy and food prices of a year ago. … READ MORE >