The RSM Canada Financial Conditions Index stands at a mildly accommodative 0.7 standard deviations above zero as a trade war threatens to escalate. … READ MORE >
Economics
Cautious optimism for Canada’s economy despite tariff tension
The latest data shows a solid, growing Canadian economy despite the concerns elicited by recent trade tensions and new U.S. tariffs. … READ MORE >
Diving deeper into why Canada revised its U.S. seafood tariffs
Canada changed course and excluded U.S. seafood from its list of new tariffs—go a little deeper and you’ll see that supply chains are the core issue at play. … READ MORE >
Market Minute: $40 trillion in debt and rising as free lunch expires
Even an artificial intelligence-driven boom over the next few years will not be sufficient to avoid hard budget choices in Washington. … READ MORE >
Inflation is not going gently into that good night
Both headline and core PCE inflation advanced by 0.2% on the month while on a year-ago basis prices advanced by 3.7% for the headline number and 3.3% for the core. … READ MORE >
Canada’s targeted response to new U.S. tariffs comes as disruption looms
Canada announced a series of targeted tariffs on C$27.6 billion of U.S. imports in response to recent U.S. levies—the latest barb in a tense trade stand-off. … READ MORE >
Market Minute: U.S. deficits, fiscal consolidation and Treasury jawboning of bond market
The bond market remains unimpressed with the Treasury Department’s moves to reduce interest rates. … READ MORE >
Market Minute: What the collapse of Canada-U.S. trade talks means
Although the new tariffs will be applied on only about 5% of Canadian exports, they have unleashed the possibility of a trade war. … READ MORE >
India’s unemployment rate falls to 5.1% in July
The labor force participation rate (LFPR) rose to 55.4% in July from 54.4% in June and 54.9% a year earlier. … READ MORE >
Market Minute: Treasury’s bond buybacks won’t work for long
The small quantity and short-term nature of the intervention will not alter curve dynamics and rates in any meaningful way. … READ MORE >