Global Economics Global Economics Shipping Chart Pack (Jan. 2024) This is a special Global Economics Chart Pack that provides clients with key analysis to make sense of the macro and market impact of the disruptions to maritime shipping. The charts in this document... 25th January 2024 · 1 min read
Event Long Run Drop-In: Fracturing and the global economy and markets through 2050 1677596400 The war in Ukraine. Ageing populations. Rising temperatures.
Event Canada Drop-In: Will the Bank of Canada stop hiking sooner than the market thinks? 1666800000 Paul Ashworth, our Chief North America Economist, and Stephen Brown, who leads our coverage of Canada’s economy, held a client briefing shortly after the BoC’s October meeting.
Canada Economics We doubt the Canadian dollar’s resilience will last much longer The Canadian dollar has held up relatively well against the US dollar so far in 2022, but we think the factors underpinning the loonie’s resilience will fade and push it lower against the greenback... 11th August 2022 · 2 mins read
Canada Economics Bank hints at benefits of new policy framework A new paper from the Bank of Canada outlines some additional economic benefits of a new monetary policy framework, which could be a sign that there is a greater chance of the Bank adopting average... 13th August 2021 · 8 mins read
Canada Economics Exports heating up as housing cools There was more evidence that the housing market is cooling this week, with home sales slipping to 12-month lows in seasonally adjusted terms in both Toronto and Vancouver. The good news, however, is... 6th August 2021 · 4 mins read
Canada Economics Labour Force Survey (July) The 94,000 increase in LFS employment in July was something of a disappointment given the lifting of coronavirus restrictions at the start of the month in many provinces, but the solid 1.3% m/m gain... 6th August 2021 · 2 mins read
Canada Economics Bank will take comfort in latest inflation data Although inflation remained above the Bank of Canada’s 1% to 3% target range in June, the details of the release seem to support the Bank’s view that the high rate of inflation is due to transitory... 30th July 2021 · 5 mins read
Canada Economics Re-opening should more than offset wildfire disruption The wildfires in British Columbia appear to have been more disruptive than we first thought, but GDP should still rise this month thanks to the easing of the coronavirus restrictions. The volume of... 29th July 2021 · 9 mins read
Canada Economics Consumer Prices (Jun.) Consumer prices increased only marginally in June but, as firms’ selling price expectations are currently very elevated, we continue to expect inflation to rebound back toward 4% soon. 28th July 2021 · 2 mins read
Canada Economics Drop in yields unlikely to do much for housing As the recent decline in bond yields have been most pronounced at the long end of the curve, it is unlikely to trigger much of a renewed fall in five-year mortgages rates. We expect mortgage rates to... 23rd July 2021 · 5 mins read
Canada Economics Retail Sales (May) Retail sales fell again in May but the preliminary estimate suggests they rebounded strongly in June as non-essential stores re-opened. Consumers may transition away from spending on goods as the... 23rd July 2021 · 2 mins read
Canada Economics Teranet House Prices (Jun.) House price inflation accelerated to 16% y/y in June but, with the sales-to-new listing ratio falling in recent months, price inflation will peak in the second half of the year. 20th July 2021 · 2 mins read
Canada Economics Bank tapers its asset purchases again The Bank of Canada’s decision to continue tapering its asset purchases today came as little surprise and we continue to expect the Bank to bring the QE program to a close by the end of this year. With... 14th July 2021 · 3 mins read
Canada Economics Manufacturing Sales (May) Manufacturing sales fell again in May as the global supply shortages continued to take their toll. While those shortages should ease in the second half of the year, the rebound in production is set to... 14th July 2021 · 2 mins read
Canada Economics Home sales fall further in June The local real estate board data suggest that home sales fell further in June but, with new listings declining as well, house prices look set to keep rising. 9th July 2021 · 4 mins read