Canada Data Response Teranet-National Bank House Prices (Oct.) The decline in the national composite house price index in October led to a further slowdown in the annual rate of house price inflation to 10.0%, from 11.4%. The recent slump in home sales, increases... 15th November 2017 · 1 min read
Canada Economics Weekly Bank of Canada likely on hold until well into 2018 Bank of Canada Governor Stephen Poloz’s speech earlier this week was too dismissive of the current weakness of underlying inflation, although that isn’t a surprise given the Bank’s interest rate hikes... 10th November 2017 · 1 min read
Canada Economics Weekly Economic outlook deteriorates The incoming monthly data suggest that economic growth faltered in the third quarter. The news isn’t all bad, but growth prospects for the fourth quarter are somewhat weaker than the third. And... 3rd November 2017 · 1 min read
Canada Data Response Labour Force Survey (Oct.) & Trade (Sep.) The solid 35,300 increase in employment in October, driven by further gains in full-time work, is an encouraging sign for income and spending in the fourth quarter. Although the unemployment rate... 3rd November 2017 · 1 min read
Canada Data Response GDP by Industry (Aug.) After slowing to a complete standstill in July, real monthly GDP contracted by 0.1% m/m in August, a weaker showing than most expected and further evidence of a potentially sharp slowdown in economic... 31st October 2017 · 1 min read
Canada Economics Update Federal fiscal windfall unlikely to last Federal Finance Minister Bill Morneau didn’t deliver any major stimulus in today’s fiscal update, not that it was needed given the economy’s strong performance this year. But the pace of economic... 24th October 2017 · 1 min read
Canada Economics Weekly Economic growth slowing Despite net external trade being a drag, the economy managed to grow by close to 2.0% q/q annualised in the third quarter, partly thanks to a big rebound in non-residential buildings investment... 20th October 2017 · 1 min read
Canada Data Response Consumer Price Index (Sep.) The headline inflation rate rose to 1.6% in September, from 1.4%, but the increase was partly due to higher energy prices, which have already begun to fall back. Although some of the core inflation... 20th October 2017 · 1 min read
Global Economic Outlook Tighter policy won’t derail global recovery The steady economic expansion in advanced economies is set to continue for the next year or two, led by rising household consumption and business investment. Although most economies are approaching... 19th October 2017 · 1 min read
Bank of Canada Watch Bank unlikely to raise interest rates The Bank of Canada will probably err on the side of caution at its policy meeting next week by deciding to keep interest rates at 1.00%. Although the Bank still seems confident in the economy, NAFTA... 18th October 2017 · 1 min read
Canada Data Response Manufacturing Sales (Aug.) The increase in manufacturing sales volumes in August, partly due to a one-off rebound in auto production, was stronger than expected and a positive sign for industrial production in that month. The... 18th October 2017 · 1 min read
Canada Economics Update Tougher mortgage regulation to hit housing hard The final decision to forge ahead with proposals to tighten mortgage rules further will only make matters worse for the already faltering housing market. This will have a far greater impact on house... 17th October 2017 · 1 min read
US Economics Update NAFTA withdrawal no longer out of the question The demise of the NAFTA agreement would have a modest negative impact on the US economy. But if a unilateral withdrawal by the Trump administration signalled the beginning of a broader lurch toward... 17th October 2017 · 1 min read
Canada Economics Update Positive business sentiment points to interest rate hike The latest Business Outlook Survey shows that, despite concerns about a slowdown in housing and trade policy uncertainty, businesses expect above-potential economic growth ahead. This positive... 16th October 2017 · 1 min read
Canada Economics Weekly Life without NAFTA wouldn't be catastrophic The most important data releases next week are the Bank of Canada’s Business Outlook Survey and consumer prices. Following its decision to start raising interest rates this year, the Bank will be... 13th October 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Sep.) The drop in national home sales that began seven months ago resulted in a further slowdown in the rate of annual house price inflation to 11.4% in September, from 13.1%. A sharper slowdown in price... 12th October 2017 · 1 min read
