Canada Economics Update Bank of Canada in no hurry to raise rates The Bank of Canada sat on the fence today, careful not to say too much until it has updated its economic outlook. The Bank acknowledged economic growth in the second half of this year has been weaker... 7th December 2010 · 1 min read
Canada Data Response Labour Force Survey (Nov.) The dramatic slowdown in economic growth is preventing any real improvement in labour market conditions. Not only is the economy struggling to generate enough jobs to have a meaningful impact on... 3rd December 2010 · 1 min read
Bank of Canada Watch Bank may regret rate increases If there was still any doubt that the Bank of Canada would leave its key policy rate at 1% next Tuesday, the news this week that third-quarter GDP increased by only 1.0% annualised should have... 2nd December 2010 · 1 min read
Canada Data Response GDP (Q3 & Sep.) Economic growth has slowed considerably and indicators are pointing to another weak performance in the fourth quarter and sluggish 2% growth next year. Given expected productivity improvements, this... 30th November 2010 · 1 min read
Canada Chart Pack US demand dampens Q3 GDP growth (Canada) Recent export and manufacturing data provide further evidence that real GDP growth slowed further in the third quarter, possibly to as weak as 1% annualised. With little evidence pointing to much... 25th November 2010 · 1 min read
Canada Data Response Canada Consumer Price Index (Oct.) While past increases in energy prices led to a stronger than expected inflation report in October, this shock is unlikely to be sustained. The knock-on effect of lower commodity prices next year... 23rd November 2010 · 1 min read
Canada Data Response Canada Monthly Survey of Manufacturing (Sep.) September's manufacturing sales provide further evidence supporting the view that growth in real GDP slowed further in the third quarter, possibly to as weak as 1% annualised, which would make Canada... 16th November 2010 · 1 min read
Canada Economics Update US QE2 no boon for Canada The Fed's new programme of asset purchases (QE2) does not change our view that Canada faces an extended period of weak economic performance. We continue to expect GDP growth to stagger along at around... 15th November 2010 · 1 min read
Canada Data Response Canada International Merchandise Trade (Sep.) September trade data indicate that net exports were a significant drag on thirdquarter real economic growth and leading indicators point to more of the same in the near future. Indeed, with prospects... 10th November 2010 · 1 min read
Canada Data Response Labour Force Survey (Oct.) Having fully recovered the number of jobs lost during the recession, employment growth has now started to slow. Unfortunately, with the economic recovery losing momentum, prospects for employment... 5th November 2010 · 1 min read
Canada Economics Update Recovery losing momentum The world economy is set to slow as the fading of the policy stimulus again exposes the underlying fragilities left by the recession. During this period of transition, growth in external demand for... 4th November 2010 · 1 min read
US Data Response Output growth rebounds from overly-weak July Stronger August GDP data partially reflect temporary factors related to housing, while supporting prospects of stronger and sustained business investment. Overall, there is nothing in this report to... 29th October 2010 · 1 min read
US Economics Update More dovish Bank of Canada may yet ease again (Oct 10) The Bank of Canada appears some way from further monetary tightening. Economic conditions would have to improve substantially and by enough to offset the increasing downside risks to future inflation... 19th October 2010 · 1 min read
UK Economics Update UK faces a tougher task than Canada to cut deficit The Canadian experience of the mid-1990s has been taken by many as evidence that the UK’s large government deficit can be brought under control fairly easily and without undermining the broader... 8th June 2010 · 1 min read
Global Economics Update Canada first to hike rates in the G7 The Bank of Canada raised its key overnight rate by 0.25% today, to 0.50%, making Canada the first G7 country to see a rate hike. However, the tone of the accompanying statement suggests that this is... 1st June 2010 · 1 min read
Global Economics Update Bank of Canada signals imminent rate hike The Bank of Canada (BoC) this morning signalled clearly that it will begin hiking its key overnight interest rate at the next policy meeting in early June. We expect that rate to climb from 0.25% now... 20th April 2010 · 1 min read
