Retail sales in Canada climbed by 0.1% to $65.9 billion in June, according to data released by Statistics Canada on Wednesday. Despite the slight increase, the new data offers evidence of cooling consumer demand. The increase was entirely driven by the sales of motor vehicles and parts. Excluding motor ... READ MORE >
Tu Nguyen
Canadian economic outlook: Defying expectations
The Canadian economy has shown remarkable resilience this year, defying expectations of a downturn amid elevated inflation and rising interest rates. In our updated economic forecast, we have downgraded the probability of a recession in Canada over the next 12 months to 60%, from 75%. A 40% ... READ MORE >
Canada’s job market slows as unemployment rate hits 5.5%
Even though the number of jobs overall in Canada was little changed as the economy lost 6,000 positions in July, the labour market is showing signs of losing momentum. Canada’s unemployment rate rose to 5.5%, the third consecutive increase for the first time since March 2020, the onset of the ... READ MORE >
Canada adds a stunning 108,000 jobs in October, reversing decline of prior 5 months
In a stunning turnaround, Canada added 108,000 jobs in October, reversing all the losses from May to September. The outsize gain and the resilience of the job market suggest that the Bank of Canada will announce another supersize interest rate hike next month. Wages increased by a robust 5.6% and ... READ MORE >
To thrive, middle market needs more women in leadership
One of the fundamental changes in the workplace over the next decade will be the increasing role of women. Women not only make up half of the workforce in the United States but they also are the more educated half. College-educated women outnumber men with similar education in the United States, and ... READ MORE >
Canada’s supply chain healthy as demand slows
The RSM Canada Supply Chain Index reached 2.31 in August, one of the highest readings since 2000, thanks to improvements across delivery time, prices, and inventory levels, signaling sufficient health of the supply chain. This sharp increase represents a dramatic shift from just a few months ago; in ... READ MORE >
Canada’s GDP showed modest contraction in July
Canada’s gross domestic product contracted by 0.1% in July, continuing the trend from the second quarter, according to government data released Friday. Losses in agriculture, coupled with continued global supply chain issues, wiped out gains in other sectors. This trend undermines the hope of a ... READ MORE >