RBC recently reported that housing affordability in Canada is the best it has been in three years—an improvement, but still a long way from where it needs to be. … READ MORE >
Economics
Policy uncertainty putting U.S. international investment position at risk
Foreign investment in U.S. financial securities and direct investment in its corporations are outstripping U.S. holdings of foreign assets by $26 trillion … READ MORE >
Market Minute: Global central bank outlook
Divergence figures to be the primary theme in global central banking during the final six months of the year as policymakers around the world adjust to higher American tariffs. … READ MORE >
Global central bank outlook: Divergent paths on rates
Divergence figures to be the primary theme in global central banking during the final six months of the year as policymakers around the world adjust to higher American tariffs. … READ MORE >
U.S. June jobs report: Do not judge a book by its cover
Outside of a one-time, non-replicable increase of 80,000 state and local jobs in June, the labor market, like the economy, is cooling. … READ MORE >
Market Minute: Canadians and Europeans ice out U.S. on travel
In the first five months of this year, the number of international visitors dropped by 12% in March and 3% in May. … READ MORE >
Tariffs weigh on manufacturing but not services yet
Manufacturing sentiment contracted for the fourth month in a row with tariffs being the primary concern among businesses. … READ MORE >
Market Minute: U.S. June jobs report preview
We forecast an increase of 100,000 in nonfarm payrolls when the report for June is released on Thursday, down from 139,000 in May, and an increase to 4.3% in the unemployment rate. … READ MORE >
Market Minute: Demographics of the foreign-born labor force
Last year, foreign-born workers accounted for 19.2% of the U.S. civilian labor force, up from 18.6% in 2023, according to the Bureau of Labor Statistics. … READ MORE >
Cooler spending and inflation data reflect slowing economy
May income, spending and inflation data points toward a consumer adjusting to a more challenging economic environment and should dampen talk of a rate cut by the Federal Reserve in July or September. … READ MORE >