Canada Chart Pack Falling oil prices to curb investor enthusiasm The recent decline in crude oil prices won't affect the immediate outlook for oil & gas production but, if sustained, lower oil prices could curb investment in Canada's oil sands, particularly as... 7th October 2014 · 1 min read
Canada Chart Pack Housing imbalances point to a slowdown ahead Housing starts have been running at close to 190,000 units over the past year, well above demographic demand, which we estimate is somewhere in the range of 175,000 to 185,000 units. Meanwhile, newly... 9th September 2014 · 1 min read
Canada Chart Pack Labour market conditions worsening The fact that Canada's unemployment rate has only nudged higher in the past few months is astonishing, given the recent weakness in net employment gains. The only reason why the unemployment rate hasn... 22nd July 2014 · 1 min read
Canada Chart Pack Labour market slack will keep inflation low Although inflation has been on the rise, the broader evidence suggests that this pick-up should prove temporary. Economic growth since the start of the year has been disappointing and labour market... 17th June 2014 · 1 min read
Canada Chart Pack Job creation still lacking quality While the pace of Canadian job creation appears to have slowed somewhat, the corresponding deterioration in job quality is more perplexing. Lower-wage part-time employment appears to be taking the... 22nd May 2014 · 1 min read
Canada Chart Pack Canadian oil no longer selling at a discount The steady rise in Canadian oil prices over the past few months has, in the case of light sweet crude, left them back on par with international benchmarks. Canada's energy producers have benefitted... 15th April 2014 · 1 min read
Canada Chart Pack Lower Canadian dollar won't cure export blues January's discouraging external trade figures suggest that the economy began the year on a weak footing. Unfortunately, exporters are likely to struggle throughout the year. Although the Canadian... 12th March 2014 · 1 min read
Canada Chart Pack Economy more unbalanced than before Although economic growth improved over the second half of last year, averaging an estimated 3.0% annualised, there is still no sign of a much-needed rebalancing towards exports and business investment... 5th February 2014 · 1 min read
Canada Chart Pack Low inflation may soon prompt easing bias Inflation has remained at the bottom of the Bank of Canada's 1% to 3% target range for over a year now, highlighting why the Governor is in no hurry to raise interest rates anytime soon. (See Chart.)... 9th January 2014 · 1 min read
Canada Chart Pack Faster economic growth won't be sustained Canada's economic growth rate has rebounded slightly after the disconcerting slowdown in the second half of last year. Growth remains overly dependent on unsustainable household borrowing, however... 4th December 2013 · 1 min read
Canada Chart Pack Energy rebound boosts third-quarter GDP growth Canada's economic growth appears to have accelerated to close to 2.5% annualised in the third quarter, the fastest pace in two years, thanks partly to a rebound in energy production. With other... 6th November 2013 · 1 min read
Canada Chart Pack Third-quarter GDP growth won't be sustained After being hit by floods and a major labour union strike at the end of the second quarter, Canada's economy rebounded sharply at the start of the third. For the third quarter as a whole, we now... 10th October 2013 · 1 min read
Canada Chart Pack Canada's second-half showing likely to disappoint Following disruptions to energy output in the second half of last year, Canada's economy rebounded over the first half of this year, posting GDP growth of 2.2% and 1.7% annualised in the first and... 5th September 2013 · 1 min read
Canada Chart Pack Canada's sluggish export 'led' recovery Canada's export growth slowed to around 2.0% annualised in the second quarter, from just over 6.0% in the first quarter, which would seem to refute hopes of an export-led pick-up in economic growth... 7th August 2013 · 1 min read
Canada Chart Pack Economy decelerates in second quarter After being propelled by a rebound in energy exports earlier this year, economic growth appears to have decelerated heading into the second quarter. Moderate export growth, cautious business... 4th July 2013 · 1 min read
Canada Chart Pack GDP growth to be pulled down by domestic weakness The pick-up in first-quarter GDP growth to 2.5% annualised, propelled by an energy-driven rebound in net exports, masks the undertow from the slowing domestic economy. Government spending restraint... 5th June 2013 · 1 min read
