With Canada’s economy mired in a slowdown, its stagnating productivity has increasingly become a drag on growth. Nowhere is this more evident than in the public sector, which makes up a significant portion of the economy yet remains plagued by archaic systems that hamper service delivery and hold back ... READ MORE >
Tu Nguyen
Canada’s CPI in June shows disinflation and suggests rate cut
June’s inflation report in Canada confirms that the economy is on a disinflationary trajectory as headline inflation dropped to 2.7% because of slower growth in gasoline prices. On a monthly basis, the consumer price index fell by 0.1% after a 0.6% increase in May. On a seasonally adjusted monthly ... READ MORE >
Canada’s economic outlook: The dawn of recovery
The Canadian economy will turn a corner toward recovery in the second half of the year, setting the stage for a true revival next year. Although Canada has managed to avoid a recession, the lack of growth has been discouraging as elevated interest rates have taken their toll. The good news is ... READ MORE >
Canada’s unemployment rate rose to 6.4 per cent, calling for further rate cuts
Canada's jobs report for June underscores the weakness of the labour market and calls for another rate cut in July. The economy lost 1,400 jobs in June. The unemployment rate jumped by 0.2 percentage points to 6.4 per cent and the employment rate fell by 0.2 percentage points to 61.1 per cent. Job ... READ MORE >
Canada’s inflation rises to 2.9% but rate cut remains on the table
Disinflation will be the theme in the Canadian economy for the rest of the year, despite the inflation uptick in May. Inflation rose to 2.9 per cent on a year-over-year basis in May, with a 0.6 per cent monthly increase, Statistics Canada reported on Tuesday. Core inflation measures also rose slightly ... READ MORE >
The future of voluntary carbon markets: A pathway to corporate decarbonization
Voluntary carbon markets have long been touted as an important mechanism for driving emissions reductions. By allowing businesses to purchase carbon credits, which represent verified reductions in greenhouse gases, voluntary carbon markets can theoretically accelerate the transition to a low-carbon ... READ MORE >
Canada’s unemployment rate rises to 6.2 per cent, bolstering case for further rate cuts
Canada’s jobs report for May showed that the labour market continued to soften as the economy added 27,000 jobs and the unemployment rate inched up to 6.2%, a full percentage point up from a year earlier. The employment rate fell by 0.1 percentage point to 61.3% While it’s still too early to say, the ... READ MORE >
Canada’s inflation fell to 2.7%, bolstering case for June rate cut
Canada's consumer price index report for April offers a clear message for the Bank of Canada: A rate cut in June is a no brainer. Headline inflation fell to 2.7 per cent, within the 1 per cent to 3 per cent range for the fourth month in a row and the lowest since early 2021, a full year before this ... READ MORE >
How Canada can improve its lagging productivity
Increased productivity is a rising tide that lifts all boats, and the lack of it stifles growth. By keeping inflation low while improving efficiency, it is a kind of virtuous cycle that benefits consumers and businesses alike. Yet Canada’s productivity has stagnated, and, not surprisingly, so has ... READ MORE >
Canadian economy showed resilience in April, adding 90,400 jobs
Resilience in the economy should not be a reason to delay rate cuts. While the stronger-than expected job report released on Friday speaks to the resilience of the Canadian economy, the long-term trend is an undeniable weakening in the job market. In April, Canada added 90,400 jobs, far surpassing ... READ MORE >