Higher tariffs are likely over the next few years. In our estimation, firms do not have the luxury to wait and see how the policy changes turn out. … READ MORE >
Economics
Consumer sentiment in November rises to highest level since April
According to the University of Michigan’s survey in November, the sentiment index increased to 73 from 70.5 with expectations leading the increase. … READ MORE >
Canada’s labour force participation rate fell to the lowest since 1997
Canada’s economy in October continued the trend of a weak labour market, adding only 15,000 jobs. … READ MORE >
Fed cuts rate by a quarter point ahead of a possible pause
Slowing inflation and strong productivity gains imply that the Fed has ample room to keep cutting rates next year. … READ MORE >
What a Trump presidency means for the Canadian economy
Canada’s economy could benefit from strong U.S. growth in the United States during a second Trump administration. … READ MORE >
The Trump restoration and the U.S. economy
The Trump restoration was resonating across financial markets on Wednesday with the prospect that his second administration will almost certainly bolster economic conditions should a round of tax cuts occur next year. … READ MORE >
The increased attractiveness of corporate bonds as the Fed cuts rates
We expect the Federal Reserve to cut its policy rate by 25 basis points at its meeting on Thursday to a range between 4.5% and 4.75%. … READ MORE >
Distortions in the October U.S. jobs report mask underlying strength
We would urge investors, firm managers and policymakers not to overinterpret the temporary factors driving the top-line decline and to expect a similar dynamic in the November jobs estimate. … READ MORE >
Strong gains in Income and spending boost economic growth in September
American households are well positioned to keep spending at a 3% to 3.5% pace as inflation moves back to 2% and real wages continue to increase. … READ MORE >
American economic outperformance continues as GDP expands by 2.8%
The U.S. economy continues to show strength, with full employment, price stability and strong productivity gains. … READ MORE >