Canada lost 33,000 jobs in March as U.S. tariffs came into effect. Expect more layoffs in the coming months as tariffs cause widespread economic pains. … READ MORE >
Industrials
Canada spared from worst of new U.S. tariffs—but economic challenges remain
The absence of new tariffs is a small consolation prize for Canada as the U.S. imposed sweeping tariffs on most countries, but economic challenges remain. … READ MORE >
Oil industry uncertainty around costs and prices risks production downturn
While oil and gas companies have voiced support and even enthusiasm for the administration’s “drill baby drill” policies, the Dallas Fed’s energy survey for the first quarter reflects a different perspective. … READ MORE >
Buy Canadian movement offers opportunities amid heightened emotions
The Buy Canadian movement may be more than a reactionary fad amid U.S. tariffs. The increased awareness of domestic options could shift behaviours in the long run—but being aware of its limitations is critical. … READ MORE >
Business spending on durable equipment slowed in February
New orders for core business capital goods, which is a proxy for private investment spending on goods that typically last more than three years, fell by 0.3% in February. … READ MORE >
Europe’s way forward in a post-industrial world
Change has come to Europe’s developed economies. The combination of China Shock 2.0 and a reduced American security umbrella is creating the conditions that if seized could move Europe toward a more perfect union. … READ MORE >
6 key energy industry takeaways from CERAWeek
No longer an industry of its own, energy is increasingly an ecosystem with complex interdependencies. … READ MORE >
Industrial production index hits record high amid tariffs
The U.S. industrial production index rose to a record 104.2 on a seasonally adjusted basis in February, according to the Federal Reserve. … READ MORE >
Quantum of solace: Inflation cools ahead of tariff-induced price increases
Service inflation and rents, though, are still advancing a well above 4%, which in conjunction with slowing growth does not bode well for the economy … READ MORE >
The risk of an inventory correction is rising
Producers and wholesalers have prepared for higher tariffs by buying goods in advance, which is creating the conditions for a modest inventory correction should demand slow. … READ MORE >