Canada’s consumer price index (CPI) fell to 1.7% in April thanks to the removal of the consumer carbon price and lower crude oil prices. For now, price increases associated with U.S. tariffs seem to have been kept at bay. The end of the consumer carbon tax should continue to apply … … READ MORE >
industrials
Market Minute: Canada’s trade diversification away from U.S. as tariff pain remains
Canada’s latest trade data provides an indicator of the diversification away from U.S. dollar-denominated assets as tariff tensions continue to simmer between the longtime trade partners. In March, Canada’s merchandise exports to countries other than the U.S. surged by 24.8 per cent on a month-over-month basis—the second-largest increase in recorded … … READ MORE >
Canada’s unemployment rate rises as U.S. tariffs strain key industries
Canada’s latest jobs report showcased the impact of U.S. tariffs as key industries saw high job losses while the overall unemployment rate rose. … READ MORE >
Canada’s weakened financial conditions point to slower growth
Canada’s financial conditions have deteriorated as the prospect of slower economic growth looms in the coming quarters amid tariff-induced uncertainty. … READ MORE >
What the Liberals’ election win could mean for Canada’s economy
Following the Liberal Party’s election win, a Mark Carney-led government could introduce ambitious economic strategies to contend with ongoing uncertainty. … READ MORE >
Bank of Canada holds interest rate at 2.75% as uncertainty mounts
The Bank of Canada held its policy interest rate amid rising inflation expectations and trade policy uncertainty. The bank will need to consider growth over inflation concerns as recession risks rise. … READ MORE >
Canada’s CPI slows amid rising Buy Canadian movement, cooling global outlook
Canada’s latest consumer price index data shows the influence of the Buy Canadian movement and the effects of global economic uncertainty. … READ MORE >
Canada lost 33,000 jobs in March as more pain looms due to U.S. tariffs
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 >
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 >