Canada Rapid Response Canada Consumer Prices (Jul. 2024) The softer monthly gains in the Bank of Canada’s preferred core price measures in July suggest that the previous two months reflected normal volatility rather than a stalling of the downward trend in... 20th August 2024 · 2 mins read
Canada Rapid Response Canada Manufacturing Sales (Jun. 2024) It was an extremely poor month for the manufacturing sector in June, with sales falling to a two-and-a-half-year low. As new orders slumped, inventories are elevated and the S&P Global manufacturing... 16th August 2024 · 2 mins read
Canada Rapid Response Canada Labour Force Survey (Jul. 2024) The second consecutive small fall in employment might seem to suggest that the labour market has taken a further turn for the worse, but it mainly reflected soft part-time employment among younger and... 9th August 2024 · 2 mins read
Canada Rapid Response Canada International Trade (Jun. 2024) The strength of oil exports in June suggests that GDP in the second quarter will come in stronger than the 2.1% annualised gain that the flash estimate implied. Coupled with stronger consumer goods... 6th August 2024 · 2 mins read
Canada Rapid Response Canada GDP (May.) The larger-than-expected rise in GDP in May suggests that the economy performed a little better than we anticipated last quarter, although the preliminary estimate of only a small rise in June is... 31st July 2024 · 3 mins read
Canada Rapid Response Canada Retail Sales (May 2024) After a brief rebound in April, the renewed fall in retail sales volumes in May suggests that consumption growth is weakening again. We estimate that sales volumes fell by around 1% annualised in the... 19th July 2024 · 2 mins read
Canada Rapid Response Canada Consumer Prices (Jun. 2024) The Bank of Canada’s preferred CPI-trim and CPI-median measures of core prices rose at an above-target monthly pace for the second month running in June. Nonetheless, with the Bank’s Business Outlook... 16th July 2024 · 2 mins read
Canada Rapid Response Manufacturing Sales (May 2024) The continued rise in manufacturing sales and new orders suggests that the sector gained some momentum in the second quarter. However, we expect that strength to fade this quarter. 15th July 2024 · 2 mins read
Canada Rapid Response Canada Labour Force Survey (Jun. 2024) The modest decline in employment and rise in the unemployment rate to 6.4% in June raise the chance that the Bank of Canada will cut interest rates again this month, and makes us more confident in our... 5th July 2024 · 2 mins read
Canada Rapid Response Canada Consumer Prices (May 2024) The stronger monthly gains in the Bank of Canada’s preferred core price measures in May will give the Bank some cause for concern after starting its loosening cycle in June. However, with some of that... 25th June 2024 · 3 mins read
Canada Rapid Response Canada Manufacturing Sales & Wholesale Sales (Apr. 2024) 14th June 2024 · 1 min read
Canada Rapid Response Canada Labour Force Survey (May 2024) The further rise in the unemployment rate in May shows that the labour market continues to loosen, but the surprising pick-up in wage growth still provides reason to be cautious about the idea that... 7th June 2024 · 2 mins read
