While the Canadian economy may avoid a recession next year, we expect growth will slow below 1% over the next few quarters, well below its long-term capacity. … READ MORE >
Canada
Canada inflation eases, but the fight is not over
November’s headline consumer price index in Canada dropped to a 6.8% increase from 6.9% on a year-ago basis, remaining significantly above the 2% target rate. … READ MORE >
Financial conditions and Canada’s real economy
Tightening financial conditions are hurting the Canadian economy to the point where the rising risk of a recession and a housing contraction much larger than anticipated cannot be discounted. … READ MORE >
Bank of Canada increases policy rate to 4.25%
The Bank of Canada raised its policy rate by 50 basis points to 4.25% on Wednesday, the seventh consecutive increase since March. … READ MORE >
Canada job gains slow in November
The Canadian economy added 10,100 jobs in November, easing some of the concerns over an overheating labor market after a blockbuster October jobs report. … READ MORE >
Canada inflation remains elevated amid high gas prices
Canada’s consumer price index in October rose by 6.9% on a year-over-year basis, matching September’s increase. … READ MORE >
This week in energy: Methane emissions, oil demand, taxing share buybacks
In this week’s energy industry analysis, we take a look at a proposed U.S. rule for methane emissions, the oil demand outlook, and the Canadian government’s plan to introduce a tax on share buybacks. … READ MORE >
Canada adds a stunning 108,000 jobs in October, reversing decline of prior 5 months
The outsize gain and the resilience of the job market suggest that the Bank of Canada will announce another supersized interest rate hike next month. … READ MORE >
This week in energy: OPEC+ cuts, battery factories, carbon capture
RSM professionals look at some of the latest news in the energy industry. … READ MORE >
Bank of Canada announces smaller-than-expected 50-basis-point hike
Reasons for increasing interest rates are plentiful amid strong core inflation, high inflation expectations, a tight labor market, and excess demand in the economy. … READ MORE >