Canada’s economy lost jobs in back-to-back months for the first time since 2021, pushing the odds of an interest rate cut this month significantly higher. … READ MORE >
Industrials
Manufacturing sector contracts for sixth month in a row
After three years from 2022 to 2024 of significant increases in construction spending as a result of the Chips and Science Act, it has been downhill for new construction spending. … READ MORE >
Market Minute: Rising input prices curb appetite for capital expenditure investment
Manufacturers continue to expect higher input prices while holding mixed expectations regarding capital expenditure in the next six months. … READ MORE >
Market Minute: Europe’s de-industrial moment
As China continues to flood its external market with cheap goods, Germany finds itself to be a willing partner, trading its low value-added manufacturing sector for the disinflation of cheap goods. … READ MORE >
Wrong data at the right time: Mixed data complicates Fed’s decision
A lot is happening in the economy, but one trend has become clear: The economy is slowing but not enough to guarantee a rate cut. … READ MORE >
Market Minute: What trade policy whiplash could mean for inventories
Businesses experiencing trade policy whiplash are seeking to get as much as possible into U.S. ports before higher import taxes are enforced. … READ MORE >
Market Minute: Manufacturing stuck in slow growth despite increased shipments
While shipments of durable goods manufactured in the U.S. are increasing, it’s clear that manufacturing is stuck in a period of slow growth. … READ MORE >
Market Minute: Manufacturing sector to slow in second half
The Conference Board’s Leading Economic Index implies that the broader manufacturing sector will slow into the second half of the year. … READ MORE >
Market Minute: Canada’s trade outlook not as bleak as feared
While uncertainty plagues Canada’s trade outlook, a relatively low U.S. effective tariff rate means things might not be as bleak as they seemed back in March. … READ MORE >
Canada’s unemployment rate hits 7% despite some resilience
Despite some economic resilience, Canada’s unemployment rate hit 7 per cent as the damage from tariffs and trade uncertainty permeates the labour market. … READ MORE >