
Housing proved a drag on Canada’s economy in the second quarter

Economic News from RSM
by Tu Nguyen
From our point of view, the economy will likely soon meet the formal definition of being in a recession, though it isn’t there yet.
Canada’s GDP grew 3.1% in the first quarter of 2022 as business investment and household consumption continued to boom while energy exports dragged, according to data released by Statistics Canada on Tuesday. The figure was in line with…
As the number of COVID-19 cases dropped and public health restrictions eased, Canada’s economy grew 1.1% in February, its largest increase in a year and a sign of resilience, according to data released by Statistics Canada on Friday.
Dr. Tu Nguyen is economist and ESG director for RSM Canada. She holds a doctorate in applied economics from Oregon State University, where she became a leading voice in environmental and natural resource economics globally.
Tu conducts research and analysis on sustainability, labor markets, the COVID-19 pandemic and infrastructure. Her work has provided invaluable insights for international organizations including the World Trade Organization and the United Nations, as well as for government agencies and industry leaders in the United States and Canada.
Before joining RSM, Tu worked as a research economist at Dalhousie University and a research and university lecturer at Oregon State University.
Tu also holds a bachelor of business administration in economics from Baruch College of the City University of New York.