Canada Economics Weekly Housing market shrugs off worsening outbreaks Home sales remained high in October while house price inflation accelerated. While renewed lockdowns could soon dent home sales, we doubt they would lower prices. 20th November 2020 · 4 mins read
Canada Economics Weekly Light at the end of a darkening tunnel The increased likelihood that an effective vaccine will be rolled out next year could eventually lead to a situation in which Canada’s economy outperforms, but the swift U-turn this week on the easing... 13th November 2020 · 7 mins read
Canada Economics Weekly Ontario eases restrictions and provides more stimulus The easing of restrictions in Ontario and the stimulus announced in the province’s delayed 2020 budget bode well for activity, but the recovery could yet be upended by the further spread of the... 6th November 2020 · 4 mins read
Canada Economics Weekly Onus remains on fiscal policy Developments this week suggest it will take a much greater deterioration of the outlook for the Bank of Canada to deliver additional monetary support, leaving the onus on Finance Minister Chrystia... 30th October 2020 · 6 mins read
Canada Economics Weekly Focus turns to the Bank There was plenty of data this week for the Bank of Canada to digest ahead of its meeting, yet none of this will have much bearing on the key question of how the second wave of COVID-19 will play out. 23rd October 2020 · 5 mins read
Canada Economics Weekly Initial recovery was robust, but may now be slowing This week brought more news that the Canadian economy rebounded strongly as the lockdowns were eased over the summer. But the slowdown in employment growth in August is an early warning that the pace... 4th September 2020 · 4 mins read
Canada Economics Weekly Bank welcomes its newest asset The government confirmed this week that former Senior Deputy Governor Tiff Macklem will take the helm from Governor Stephen Poloz in June. We doubt the change will materially affect the way the Bank... 1st May 2020 · 6 mins read
Canada Economics Weekly Bank can’t risk insurance cut with housing revival We expect the Bank of Canada to leave its key policy rate unchanged next week, as fears of stoking the flames of the resurgent housing market outweigh the risk that economic growth will slow by more... 29th November 2019 · 5 mins read
Canada Economics Weekly New home sales rebound The recent rebound in new home sales in Toronto is an encouraging sign that the local housing market is not about to emulate the sharp falls in prices in Vancouver. 4,794 new homes were sold in... 28th June 2019 · 5 mins read
Canada Economics Weekly Bank will have mixed feelings about stronger loonie Given that an average of the Bank’s three core inflation measures reached a seven-year high in May, policymakers may welcome the disinflationary effect that the appreciation of the loonie this week... 21st June 2019 · 1 min read
Canada Economics Weekly Exporters left Kawhi-ing in face of global weakness Any boost to spending from the Raptors’ NBA finals victory won’t make up for weakness elsewhere, with Export Development Canada reporting this week that its semi-annual Trade Confidence Index has... 14th June 2019 · 1 min read
Canada Economics Weekly Trade tensions to weigh on growth April’s trade data painted a positive picture of the manufacturing sector, but the further fall in the manufacturing PMI in May suggests that the outlook for exporters is bleak. Conditions could... 7th June 2019 · 1 min read
Canada Economics Weekly Second-quarter pick-up in GDP growth won’t last While the Bank of Canada presented a fairly balanced policy statement alongside its decision to keep interest rates unchanged at 1.75% this week, in the speech that followed a day later Senior Deputy... 31st May 2019 · 1 min read
Canada Economics Weekly More reasons for the Bank to remain cautious The slump in the US activity surveys in May and the big drop in oil prices this week add to the reasons to expect the Bank of Canada to maintain a cautious tone at its meeting next week. 24th May 2019 · 1 min read
Canada Economics Weekly Housing shows signs of life The housing market showed some promising signs of life in April, with home sales rising strongly. House price inflation slowed, however, and is likely to remain very low. 17th May 2019 · 1 min read
Canada Economics Weekly Data point to stronger GDP growth in Q2 The data this week confirmed that the economy is on track for a stronger second quarter than the Bank of Canada is expecting. While exports performed well in March, growing trade tensions with China... 10th May 2019 · 1 min read
