Canada Economics Weekly Bank risks doing more harm than good The Bank of Canada this week reiterated that strong immigration is putting upward pressure on inflation because housing supply is failing to keep up. Yet the Bank surely can’t be oblivious to the... 8th December 2023 · 5 mins read
Canada Economic Outlook Further falls in GDP to trigger interest rate cuts Further declines in GDP in the coming quarters mean that the economy is unlikely to grow at all next year. Weak growth and a return in inflation to the 2% target will leave scope for the Bank of... 7th December 2023 · 14 mins read
Canada Economics Update Bank to acknowledge reality in the new year The Bank of Canada is clinging on to the idea that restrictive policy is still needed to get inflation back to 2%. Nonetheless, with core inflation pressures muted, GDP and house prices falling, and... 6th December 2023 · 2 mins read
Canada Economics Weekly Brighter past, gloomier future The revisions to the national accounts leave the post-pandemic recovery looking stronger than we thought. But that is partly due to intense inventory building, which leaves the economy vulnerable to a... 1st December 2023 · 5 mins read
Canada Chart Pack Canada Chart Pack (Nov. 23) GDP contracted in the third quarter and there are downside risks to the outlook. As house prices are falling again, household debt is elevated and high interest rates are still feeding through, the... 30th November 2023 · 1 min read
Canada Rapid Response Canada GDP (Q3 & Sep.) On the face of it, the upward revision to second-quarter GDP growth combined with the preliminary estimate of a strong monthly gain in October suggests that the surprisingly large fall in third... 30th November 2023 · 3 mins read
Bank of Canada Watch A less hawkish hold The second consecutive month of muted core inflation pressures in October should have further reduced the Bank of Canada’s appetite for another interest rate hike. While markets are now in agreement... 29th November 2023 · 7 mins read
Canada Economics Weekly FES creates a “clearer path” for Macklem It would be a stretch to say the government showed fiscal restraint in the Fall Economic Statement , but the announcement of only a few billion dollars in extra spending measures means that Finance... 24th November 2023 · 6 mins read
Canada Economics Update Freeland avoids pouring more fuel on the inflation fire Faced with much higher interest costs, Finance Minister Chrystia Freeland outlined very little in the way of new spending measures in the Fall Economic Statement today. Most of the focus was on non... 21st November 2023 · 3 mins read
Canada Economics Weekly Fall statement unlikely to contain any giveaways For the first time since the pandemic, the government will find itself with less fiscal room than expected when it provides an update of its plans next week. Accordingly, we doubt that the Fall... 17th November 2023 · 6 mins read
Canada Economics Update Housing Watch. (Nov.) The fall in new listings in October may ease some concerns about forced home sales but, with the sales-to-new listing ratio declining again, it is still likely that the pace of house price declines... 16th November 2023 · 4 mins read
