Canada Chart Pack Economy struggling to escape recession Since oil prices first began to fall last year, Canada’s economic performance has gone from mediocre to dismal, culminating in a mild recession in the first half of this year. With oil prices tumbling... 19th August 2015 · 1 min read
Canada Chart Pack Oil price shock part II The latest renewed slump in world and domestic crude oil prices is another blow to the outlook for Canada's oil-dependent economy, which has already slipped into a mild recession. With the fallout... 20th July 2015 · 1 min read
Canada Chart Pack Flagging economy will prompt more rate cuts The futures market indicates that most investors are now convinced by the Bank of Canada's view that the January interest rate cut will be enough to prevent the economy from being derailed by the... 3rd June 2015 · 1 min read
Canada Chart Pack January rate cut won't be enough insurance The futures market indicates that most investors are now convinced by the Bank of Canada's view that the January interest rate cut will be enough to prevent the economy from being derailed by the... 21st April 2015 · 1 min read
Canada Chart Pack Economy slowing sharper than headlines suggest Canada's economy continued to lose momentum in the final quarter of last year and the slowdown was only partly due to lower oil prices. Furthermore, the seemingly gradual slowdown in headline GDP... 19th March 2015 · 1 min read
Canada Chart Pack Bank of Canada to cut interest rates again The slump in oil prices has dramatically altered the outlook for economic growth and inflation. Following the Bank of Canada's surprise move last month to cut its policy rate to 0.75%, from 1.00%... 12th February 2015 · 1 min read
Canada Chart Pack Low oil prices will hit business profits hard Since oil now accounts for half of Canada's production-weighted commodity price index, the collapse in crude oil prices represents a big downside risk to the outlook for business operating profits... 21st January 2015 · 1 min read
Canada Chart Pack Lower oil prices will hold back economy The slump in the crude oil prices to around US$60 per barrel is a serious threat to domestic business investment and future oil production. With the long-run breakeven cost of most oil sands projects... 12th December 2014 · 1 min read
Canada Chart Pack Multi-unit home building still in overdrive The unexpected decline in housing starts in October, which was driven by a sharp drop in the volatile multi-unit segment, is likely to be reversed in the coming months, reigniting concerns about... 11th November 2014 · 1 min read
Canada Chart Pack Falling oil prices to curb investor enthusiasm The recent decline in crude oil prices won't affect the immediate outlook for oil & gas production but, if sustained, lower oil prices could curb investment in Canada's oil sands, particularly as... 7th October 2014 · 1 min read
Canada Chart Pack Housing imbalances point to a slowdown ahead Housing starts have been running at close to 190,000 units over the past year, well above demographic demand, which we estimate is somewhere in the range of 175,000 to 185,000 units. Meanwhile, newly... 9th September 2014 · 1 min read
Canada Chart Pack Labour market conditions worsening The fact that Canada's unemployment rate has only nudged higher in the past few months is astonishing, given the recent weakness in net employment gains. The only reason why the unemployment rate hasn... 22nd July 2014 · 1 min read
Canada Chart Pack Labour market slack will keep inflation low Although inflation has been on the rise, the broader evidence suggests that this pick-up should prove temporary. Economic growth since the start of the year has been disappointing and labour market... 17th June 2014 · 1 min read
Canada Chart Pack Job creation still lacking quality While the pace of Canadian job creation appears to have slowed somewhat, the corresponding deterioration in job quality is more perplexing. Lower-wage part-time employment appears to be taking the... 22nd May 2014 · 1 min read
Canada Chart Pack Canadian oil no longer selling at a discount The steady rise in Canadian oil prices over the past few months has, in the case of light sweet crude, left them back on par with international benchmarks. Canada's energy producers have benefitted... 15th April 2014 · 1 min read
Canada Chart Pack Lower Canadian dollar won't cure export blues January's discouraging external trade figures suggest that the economy began the year on a weak footing. Unfortunately, exporters are likely to struggle throughout the year. Although the Canadian... 12th March 2014 · 1 min read