While the American economy is expected to exceed its pre-pandemic projection by 0.2% this year, Canada is expected to undershoot by 3.2%. It is in every nation’s best interest to work for the success and health of all economies. … READ MORE >
Canada
CHART OF THE DAY: Rail deal is a sign of increasing North American economic integration
Canadian Pacific’s $25 billion deal to purchase Kansas City Southern would create the first railroad network covering Canada, Mexico and the United States. … READ MORE >
3 things to know in energy: OPEC+ cuts, U.S. oil exports to India rise, carbon trading in Canada
OPEC+ surprised some in the energy market with its recent decision to extend oil production cuts, the United States is now India’s No. 2 oil supplier, and Canada’s government is embarking on creating a federal carbon trading marketplace. … READ MORE >
RSM Canada Financial Conditions Index: Bank of Canada to remain accommodative
We anticipate that the Bank of Canada will maintain its overnight target rate of 0.25% and retain its current policy of accommodation in its announcement on Wednesday. … READ MORE >
3 things to know this week in energy: Texas’ grid, oil prices and Canadian crude-by-rail exports
All eyes remain on Texas and the state’s energy grid operator in the aftermath of a devastating winter storm, oil prices responded positively to the U.S. House passing a new COVID-19 relief bill, and Canadian crude-by-rail exports are rebounding after a rough 2020. … READ MORE >
Inflation-adjusted interest rates and investment in the future of Canada’s economy
A confluence of events and policy shifts has coalesced into a unique opportunity for the Canadian government and firms to make long-term strategic investments. … READ MORE >
Why Biden’s $1.9 trillion stimulus package would be a boon for Canada
Joe Biden’s proposed $1.9 trillion fiscal aid package would not only provide a significant stimulus for the United States, but it would also have a big effect on the Canadian economy. … READ MORE >
Trade holds the key to Canada’s economic fortunes
Canada could see a major and much-needed boost if the U.S. joins the Trans-Pacific Partnership given the degree of interdependence between the United States and Canada. … READ MORE >
Looking forward: Canada’s economy in 2021
Canadian output is likely to expand by roughly 4 per cent in 2021 and 2022. While this is solid, the Canadian economy is not likely to reach its full capacity to produce until 2023. … READ MORE >
CHART OF THE DAY: Darkness before the dawn in global auto manufacturing
Global auto production has declined 32% on a year-ago basis largely because of the combined impact of the global trade war and pandemic. But as dour that reality is, there are signs that the disruptions to global supply chains will be lifted. … READ MORE >