The Bank of Canada cut its key interest rate to three per cent, but tariff uncertainty looms over Canada’s economic outlook and clouds the future rate path. … READ MORE >
consumer spending
Canada’s consumer price index rises by 1.8% as tax holiday takes hold
Canada’s CPI rose 1.8 per cent in December and declined 0.4 per cent on a monthly basis due to the tax holiday and disinflation forces throughout the economy. … READ MORE >
U.S. retail sales continued to grow in December
American consumers ended the year on a strong note, with total retail sales rising by 0.4%, … READ MORE >
Canada’s jobs report exceeds expectations for December
Canada’s jobs report for December exceeded expectations in several ways, a credit to a resilient economy poised to grow as more rate cuts are expected. But the risks of tariffs and trade tension affecting the growth and recovery outlook cannot be ignored. … READ MORE >
Rising demand helps U.S. retail sales top forecasts
Retail sales topped forecasts in November, growing at a robust pace for the third month in a row. … READ MORE >
September retail sales top forecasts
Retail sales for all items increased by 0.4% while the control group grew by 0.7% in September. … READ MORE >
Canada’s consumer price index hits 2 per cent target
The Bank of Canada will need to continue rate cuts amid disinflation as well as rising unemployment and sluggish growth. … READ MORE >
Fed’s key inflation gauge shows price stability as consumers hit the accelerator
The American economy is poised to grow at or above the long-term 1.8% rate as the Fed begins its rate-cutting campaign, which should put a floor under growth and hiring. … READ MORE >
Second quarter GDP is revised higher amid stronger consumer spending
With price stability essentially achieved, a well-performing labor market should continue to be a significant tailwind for growth, especially for consumer spending, in the last two quarters of the year. … READ MORE >
U.S. gas prices poised to decline by 10% ahead of July 4
Because of supply conditions and easing demand, domestic gasoline prices peaked at $3.67 per gallon for regular on April 18 and have declined since then. They are poised to decline even further. … READ MORE >