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 >
Tu Nguyen
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 >
Bank of Canada holds its rate at 5% in dovish statement
The Bank of Canada held its policy rate at 5% at its meeting on Tuesday, as widely expected, while continuing its restrictive monetary policy of quantitative tightening. But the central bank made a marked shift in its statement, turning from a focus on inflation to one on growth with a decidedly ... READ MORE >
Bank of Canada preview: A dovish tone with rate cuts on horizon
The Bank of Canada will almost certainly leave its policy rate unchanged when it meets this week, but the tone of its statement will shift to dovish as bank officials recognize easing inflation, the slowing labour market and stagnant growth. We expect that the central bank's first rate cut will occur ... READ MORE >
Canada’s unemployment rate surpasses 6% for the first time in over two years
To see why rate cuts are coming in Canada, look no further than the March job report. The unemployment rate reached 6.1%, surpassing 6% for the first time in over two years, according to Statistics Canada on Friday. While Canada has added more than 300,000 jobs over the past year, including a loss of ... READ MORE >
In global shift to renewable energy, Canada risks being left behind
Canada’s economy is facing a carbon emissions squeeze. Even as it makes progress in meeting its carbon reduction goals by 2030, Canada is not moving fast enough. To get there, Canada needs to vastly amplify investments in renewables to cut emissions while enabling economic growth. Failing to do so ... READ MORE >
Regulations and rate cuts to drive renewable energy growth
As renewable energy projects contend with volatile energy markets, battles over permits and a challenging investment climate, it’s easy to lose sight of the progress that is being made in the transition away from fossil fuels. Sustained investment in renewables continues, despite the hurdles, and ... READ MORE >