Although a blanket tariff by the U.S. on all Canadian imports is unlikely to materialize in the first half of 2025, there is still cause for concern as selective U.S. tariffs are possible and would be disruptive to both countries’ economies. To illustrate this, look at energy and auto manufacturing — Canada’s industries with the highest exports to the U.S. … READ MORE >
Tu Nguyen
Resignation of Canada’s finance minister before release of fall economic statement adds to uncertainty
Chrystia Freeland’s resignation as Canada’s finance minister highlights increasing political uncertainty as financial challenges loom in 2025. … READ MORE >
Bank of Canada cuts interest rate to 3.25% as focus shifts to gap with U.S.
The Bank of Canada lowered its interest rate to 3.25 per cent — an overdue move out of restrictive territory given that inflation has largely been tamed. Expect more rate cuts in early 2025 to get the economy onto an expansionary trajectory. The policy rate should come down to 2.75 … … READ MORE >
Canada’s job market cools as unemployment rises to 6.8%
The unemployment rate increased by 0.3 percentage points to 6.8 per cent — the highest since January 2017—as more people looked for work. … READ MORE >
Year ahead in Canada: Return to growth as rate cuts take hold
The Canadian economy is expected to grow at around two per cent in 2025 as unemployment falls and price stability is restored. … READ MORE >
Canada’s prices for services and shelter decelerated in October
Canada’s consumer price index accelerated in October, but that increase will not deter a rate cut by the Bank of Canada in December. … READ MORE >
Canada’s labour force participation rate fell to the lowest since 1997
Canada’s economy in October continued the trend of a weak labour market, adding only 15,000 jobs. … READ MORE >
Financial conditions improve in Canada and U.S., setting stage for growth
Financial conditions continue to improve both in Canada as well as the United States, signaling stability in markets and setting the groundwork for economic growth. … READ MORE >
Bank of Canada cuts rates by half point amid slow growth
We expect the policy rate to fall to 3.5 per cent by the end of the year and return to a terminal rate of 2.75 per cent in the first half of 2025. … READ MORE >
Canadian firms in an era of a higher cost of capital
As rates fall but remain above pre-pandemic levels, businesses must harness opportunities to create and deliver values through strategic investments to boost productivity. … READ MORE >