Canada Chart Pack Economy more unbalanced than before Although economic growth improved over the second half of last year, averaging an estimated 3.0% annualised, there is still no sign of a much-needed rebalancing towards exports and business investment... 5th February 2014 · 1 min read
Canada Chart Pack Low inflation may soon prompt easing bias Inflation has remained at the bottom of the Bank of Canada's 1% to 3% target range for over a year now, highlighting why the Governor is in no hurry to raise interest rates anytime soon. (See Chart.)... 9th January 2014 · 1 min read
Canada Chart Pack Faster economic growth won't be sustained Canada's economic growth rate has rebounded slightly after the disconcerting slowdown in the second half of last year. Growth remains overly dependent on unsustainable household borrowing, however... 4th December 2013 · 1 min read
Canada Chart Pack Energy rebound boosts third-quarter GDP growth Canada's economic growth appears to have accelerated to close to 2.5% annualised in the third quarter, the fastest pace in two years, thanks partly to a rebound in energy production. With other... 6th November 2013 · 1 min read
Canada Chart Pack Third-quarter GDP growth won't be sustained After being hit by floods and a major labour union strike at the end of the second quarter, Canada's economy rebounded sharply at the start of the third. For the third quarter as a whole, we now... 10th October 2013 · 1 min read
Canada Chart Pack Canada's second-half showing likely to disappoint Following disruptions to energy output in the second half of last year, Canada's economy rebounded over the first half of this year, posting GDP growth of 2.2% and 1.7% annualised in the first and... 5th September 2013 · 1 min read
Canada Chart Pack Canada's sluggish export 'led' recovery Canada's export growth slowed to around 2.0% annualised in the second quarter, from just over 6.0% in the first quarter, which would seem to refute hopes of an export-led pick-up in economic growth... 7th August 2013 · 1 min read
Canada Chart Pack Economy decelerates in second quarter After being propelled by a rebound in energy exports earlier this year, economic growth appears to have decelerated heading into the second quarter. Moderate export growth, cautious business... 4th July 2013 · 1 min read
Canada Chart Pack GDP growth to be pulled down by domestic weakness The pick-up in first-quarter GDP growth to 2.5% annualised, propelled by an energy-driven rebound in net exports, masks the undertow from the slowing domestic economy. Government spending restraint... 5th June 2013 · 1 min read
Canada Chart Pack Housing starts likely to decline further The continued decline in housing starts from elevated levels supports our view that residential investment will remain a drag on economic growth over the first half of 2013. Unfortunately, housing... 9th May 2013 · 1 min read
Canada Chart Pack Business pullback could not come at worse time Weaker business investment intentions could not come at a worse time for the domestic economy. With housing investment contracting and governments reining in spending, slower business investment... 11th April 2013 · 1 min read
Canada Chart Pack Canada's exporters struggling to tap US recovery Canada's economy grew by only 0.7% annualised over the second half of last year, with a decline in exports subtracting almost 2 percentage points from annualised GDP. The recent lacklustre pace of non... 5th March 2013 · 1 min read
Canada Chart Pack Inflation falls to three-year low Canada's headline annual inflation rate has fallen to its lowest level in over three years, suggesting that there is more slack in the economy than commonly perceived. With economic growth forecast to... 6th February 2013 · 1 min read
Canada Chart Pack Downward trend in housing investment will persist Housing starts continued to ease during the fourth quarter of last year, to an annualised 202,855, from 221,709 in the prior quarter. Nevertheless, it is possible that overall residential investment... 10th January 2013 · 1 min read
Canada Chart Pack Export growth likely to remain hard fought Global manufacturing PMI data for November indicate that Canada's non-energy exports will remain broadly stagnant in the near term. The recovery in US home building and auto sales, however, should... 6th December 2012 · 1 min read
Canada Chart Pack Housing starts likely to slump next year Since early 2010, housing starts have been driven by the multi-unit sector, with single detached housing starts remaining broadly unchanged. The problem is that housing construction has been running... 7th November 2012 · 1 min read