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 >
interest rates
Bank of Canada holds interest rate again amid economic volatility
Despite a better-than-expected first quarter for Canada’s economy, the Bank of Canada held its interest rate again as it contends with tariff uncertainty and economic volatility. … READ MORE >
Canada’s economy grows 0.5% in 1st quarter due to exports, but challenges loom
Canada’s economy grew in the first quarter largely due to pre-tariff efforts, but ongoing uncertainty means the economy is expected to contract next quarter. … READ MORE >
Inflation falls in Canada as end of consumer carbon tax offsets other increases
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 >
Market Minute: Something’s got to give in financial markets
Now, as the impact of tariffs begins to hit consumers, it would not be surprising if investors push yields higher and the dollar lower. … READ MORE >
Inflation expectations surge as effective tariff rate hits 17.8%
The sharp increase, which comes as higher tariffs are about to take hold, heightens the risk that the Federal Reserve is losing control of what until recently were well-anchored expectations and, consequently, price stability. … READ MORE >
In April CPI report, scant evidence of tariff-induced inflation
We think it probable that the pervasive uncertainty around trade policy caused businesses to simply remain in place until they had more information about the tariffs. … READ MORE >
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 >
Fed maintains rates but signals risk of stagflation
The Federal Open Market Committee held its policy rate steady in a range between 4.25% and 4.5% on Wednesday. But the Fed updated its policy statement in which it highlighted the risk of stagflation. … READ MORE >