Canada Rapid Response Canada Consumer Prices (May 2026) The larger-than-expected rise in headline inflation in May was mostly due to higher fuel and food prices, both of which should prove temporary. With core price pressures still muted otherwise, the... 22nd June 2026 · 2 mins read
Canada Rapid Response Canada Retail Sales (Apr) Tentative signs of a turnaround in consumer spending The unchanged level of retail sales volumes in April suggests that consumers may be past the worst in terms of the impacts from higher gasoline... 19th June 2026 · 2 mins read
Canada Rapid Response Canada Manufacturing Sales (Apr 2026) The 1.8% m/m rise in manufacturing sales volumes in April was not solely down to the oil sector, feeding the narrative that a nascent recovery in the manufacturing sector is underway and supporting... 15th June 2026 · 2 mins read
Canada Rapid Response Bank of Canada not likely to hike any time soon The slightly dovish shift in language from the Bank of Canada today provides support to our forecast that it will leave interest rates unchanged this year. 10th June 2026 · 2 mins read
Canada Rapid Response Canada International Trade (Apr. 2026) Strength in exports not just an oil price story The improvement in Canada’s goods trade balance bodes well for GDP growth at the start of the second quarter. While higher oil prices continued to... 9th June 2026 · 2 mins read
Canada Rapid Response Canada Labour Force Survey (May 2026) Strengthening in labour market increases chance of rate hikes this year The strong rebound in employment and the fall in the unemployment rate to 6.6% will provide some relief to the Bank of Canada... 5th June 2026 · 2 mins read
Canada Rapid Response Canada GDP (Q1 2026 and Mar.) The trade-induced contraction in GDP last quarter meant the economy tipped into a technical recession at the start of the year. But rising oil and gas activity mean this is certain to already be over... 29th May 2026 · 3 mins read
Canada Rapid Response Canada Retail Sales (Mar. 2026) The 0.7% m/m fall in retail sales volumes in March was not as large as feared amid mixed signs that the surge in gasoline prices weighed on discretionary spending. Regardless, the advance sales values... 22nd May 2026 · 2 mins read
Canada Rapid Response Canada Consumer Prices (Apr 2026) The muted pace of core price growth in April likely reflects the softness of the labour market and consumer demand. That, in turn, reduces the pressure on the Bank of Canada to follow through with the... 19th May 2026 · 3 mins read
Canada Rapid Response Canada Manufacturing Sales (Mar 2026) The 1.0% m/m rebound in manufacturing sales volumes in March takes them back in line with their 2025 average and the jump in the S&P Global manufacturing PMI in April bodes well for the near-term... 15th May 2026 · 2 mins read
Canada Rapid Response Canada Labour Force Survey (Apr 2026) The rise in the unemployment rate to a six-month high of 6.9% has trimmed investors’ overly hawkish interest rate expectations and supports our view that, with the labour market in a funk and a... 8th May 2026 · 2 mins read
Canada Rapid Response Canada International Trade (Mar. 2026) The oil-price-driven improvement in Canada’s goods trade balance in March overstates the health of the export sector, with total export volumes falling despite a big rise in the volatile gold sector... 5th May 2026 · 2 mins read
Canada Rapid Response Canada GDP (Feb. 2026) GDP growth looks to have rebounded to 1.5% annualised last quarter, in line with the projection in the Bank’s updated Monetary Policy Report (MPR). With the economic backdrop notably improved for a... 30th April 2026 · 3 mins read
Canada Rapid Response Canada Retail Sales (Feb. 2026) The 0.3% m/m rise in retail sales volumes in February was a little softer than we expected, but the bigger news is that the flash estimate points to only a 0.6% rise in retail sales values in March... 24th April 2026 · 2 mins read
Canada Rapid Response Canada Consumer Prices (Mar 2026) The broadly target-consistent gain in an average of the Bank of Canada’s preferred CPI-trim and CPI-median core measures in March will persuade policymakers to look through the jump in the all-items... 20th April 2026 · 3 mins read
Canada Rapid Response Canada Manufacturing & Wholesale Sales (Feb 2026) The healthy rebound in both manufacturing and wholesale sales in February was expected given the end of seasonal retooling at various automakers, and supports the view that GDP edged higher that month... 15th April 2026 · 2 mins read
