Canada Rapid Response Canada GDP (Feb. 2024) Despite the weaker-than-expected rise in GDP in February, first-quarter growth still looks to be close to 2.5% annualised. The weaker flash estimate for March points to less momentum going into the... 30th April 2024 · 2 mins read
Canada Rapid Response Canada Consumer Prices (Mar. 2024) The March CPI data showed the third consecutive month of muted gains in the Bank of Canada’s preferred core inflation measures, suggesting that there is a growing chance of the Bank cutting interest... 16th April 2024 · 3 mins read
Canada Rapid Response Canada Manufacturing Sales & Wholesale Sales (Feb. 2024) 15th April 2024 · 2 mins read
Canada Rapid Response Canada Labour Force Survey (Mar. 2024) The jump in the unemployment rate in March, together with evidence of easing wage pressures, raises the chance of the Bank of Canada surprising markets with a rate cut next week, although our base... 5th April 2024 · 2 mins read
Canada Rapid Response Canada GDP (Jan. 2024) The broad-based strength of GDP growth in January and February means the economy almost certainly outperformed the Bank of Canada’s expectations in the first quarter and reduces the immediate risk of... 28th March 2024 · 2 mins read
Canada Rapid Response Canada Consumer Prices (Feb. 2024) The surprise fall in headline inflation to 2.8%, from 2.9%, is further reason to expect the Bank of Canada to cut interest rates soon, although we still think it will wait until June rather than... 19th March 2024 · 2 mins read
Canada Rapid Response Manufacturing Sales (Jan. 2024) Lower prices mean that the muted 0.2% m/m rise in manufacturing sales in January was better than it looked, with sales volumes rising by a much stronger 1.1%. That strength was entirely due to the... 14th March 2024 · 1 min read
Canada Rapid Response Canada Labour Force Survey (Feb. 2024) The Bank of Canada will be relieved to see renewed labour market slack putting downward pressure on wage growth. While the Bank will need to see wage growth soften further before it pivots to rate... 8th March 2024 · 2 mins read
Canada Rapid Response Canada Retail Sales (Dec. 2024) The strong rise in December means that retail sales volumes rose by close to 5% annualised last quarter, supporting the preliminary estimate that GDP growth turned positive again. With sales volumes... 22nd February 2024 · 2 mins read
