Canada Economics Update Canada Economics Update: Steel and aluminum tariffs will cause little harm The newly-announced 25% tariffs on all steel and aluminum imports entering the US will have a limited impact on the Canadian economy given that exports of these products account for just 1% of GDP... 10th February 2025 · 3 mins read
US Economics Update Steel, aluminum and reciprocal tariffs The Trump administration’s 25% tariffs on steel and aluminum come at a time when domestic capacity utilisation and import intensity are low, implying they will have less of an impact on overall prices... 10th February 2025 · 3 mins read
Global Economics Update The implications of steel and aluminium tariffs The direct impact on the global economy of President Trump’s latest proposed tariffs would be small since steel and aluminium account for a very small share of world trade. Canada’s economy is... 10th February 2025 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (February 2025) Trump’s curveballs have limited sway in oil markets With oil prices back to where they were at the start of the year, the oil market has offered a collective shrug to the geopolitical curveballs... 10th February 2025 · 1 min read
Canada Economics Weekly Canada Weekly: Trump aggression sparks long-term re-think The aggression shown towards Canada by President Donald Trump this week has raised big questions around the country's future in three key areas: trade, investment and defence. While some of the plans... 7th February 2025 · 5 mins read
Latin America Economics Weekly Latin America Weekly: Tariffs paused, Milei & the cepo While Mexico avoided a 25% US import tariff on Monday with a last minute deal, the threat hasn’t gone away. Were a 25% tariff to come into force, that would tip the economy into recession. And the... 7th February 2025 · 5 mins read
Asia Economics Weekly Asia Weekly: What would a global trade war mean for Asia? Donald Trump’s 10% tariffs on China (along with those threatened for Mexico and Canada) could prove to be the start of a protracted trade war. Other countries in Asia could benefit if penal tariffs... 7th February 2025 · 7 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Trump muddles the US’s relations with MENA President Trump’s comments on Gaza risk straining relations with the Gulf and will work against his aim of expanding the Abraham Accords to include a normalisation of Saudi-Israel relations. Meanwhile... 6th February 2025 · 7 mins read
Africa Economics Update Mozambique’s sovereign debt outlook is perilous Mozambique’s post-election woes are mounting after another reported delay to one of its key natural gas projects. And this has led to increasing talk that the government may seek to restructure its... 6th February 2025 · 4 mins read
US Rapid Response US International Trade (Dec. 2024) The trade deficit ballooned to a 3-year high of $98.4bn in December, up from $78.9bn, as imports surged by 3.5% and exports fell by 2.6%. The strength of imports appears largely driven by businesses... 5th February 2025 · 2 mins read
Canada Rapid Response Canada International Trade (Dec. 2024) The surge in exports in December and recent improvement in the export order survey indicators add to the evidence that the economy was picking up momentum at the end of last year. The prospect of US... 5th February 2025 · 2 mins read
Climate Economics Update Solar take-up in Saudi will be felt in global oil markets The renewable rollout in Saudi Arabia is set to accelerate on the back of cheap solar panel imports from China. Given that Saudi Arabia is one of a few countries that directly burns crude oil for... 5th February 2025 · 3 mins read
Canada Economics Update Rolling tariff threat a downside risk to Canadian GDP Although President Trump has hit pause on tariffs on Canada, his communications suggest he still wants a broader agreement on various trade issues. Given the chaotic political situation in Canada, it... 4th February 2025 · 4 mins read
China Rapid Response China retaliates, risking further tariff escalation 4th February 2025 · 2 mins read
Africa Economics Update SA: Trump’s focus on land bill risks GNU instability The threat by President Trump to cut funding to South Africa due to the controversial land expropriation bill will (if implemented) have limited direct economic effects. The bigger concern is that the... 3rd February 2025 · 4 mins read