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U.S. Labour Market
The unemployment rate held steady in April at 4.2%.
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Q1 U.S. GDP signals a weak starting point
The print has some large pre-tariff distortions: a surge in imports drove the trade gap wider and this was only partially offset by a ramp…
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Canada’s path ahead: Six economic challenges facing the new federal government
Canada is not the only country facing shifting trade winds, and with pervasive uncertainty weighing on businesses, the public sector will need to play a…
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CUSMA compliance rush: Will it shield Canada from U.S. tariffs?
A close look at the latest U.S. trade measures, how they interact with CUSMA, and what they mean for Canadian businesses navigating a more unpredictable…
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RBC Consumer Spending Tracker
January marked a sluggish start to consumer spending in 2025, but it was largely expected after spending surged at end of the 2024 holiday shopping…
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Preparing for the downside: Could Canadian federal finances withstand a trade war?
As ongoing trade frictions threaten Canadian growth in 2025, monetary policy isn’t likely to be the first line of defense for the economy. Fiscal policy…
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Bank of Canada policy update
The Bank of Canada today lowered the overnight rate by another 25bps to 2.75%, the middle of the estimated “neutral” range (2.25% -3.25%).
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Slowing growth, higher prices: A deeper dive into our U.S. forecasts
As a follow to our U.S. forecast update, we answer six key questions we’ve received about the U.S. economy and how we’re thinking about the…
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Trade war halts Canadian business optimism in Q1
Worries about international trade threats were intensifying for Canadian businesses even ahead of last week’s ‘reciprocal’ tariff announcement that rocked global financial markets.
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Canada Labour Market
There are early signs that the intensification of uncertainty from U.S. tariff threats, had an impact on hiring on the more trade-sensitive goods producing side…
Older Reports
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Proof Point: Canadian industries and provinces most exposed to U.S. tariff threat
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Proof Point: Are falling rents in Canada temporary relief or a new trend
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Quebec maintains large deficit, uses half its contingency reserve for spending
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Proof point: Canada’s job market slump—low-wage industries with young workers take the biggest hit
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Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis
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Proof point: Why Canada is seeing an uneven recovery among households
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U.S. GDP Update
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How Canada’s new immigration targets will impact the economy
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Proof point: Job market is bigger risk to Canada’s economy than mortgage renewals
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Three reasons why 2024’s 2% inflation isn’t 2019’s 2%
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Navigating 2024: Reset and Revival In A Reshaping World
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Proof Point: Why has U.S. consumer spending been so much more resilient than Canada’s?
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Proof Point: Closing Canada’s infrastructure gap could boost Indigenous output by up to 17%
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Proof Point: Fiscal tailwinds coming to an end for Canada’s provinces
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Proof Point: For Canada, slower growth in China is a manageable risk
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Proof Point: The ranks of Canadian entrepreneurs are shrinking
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Proof Point: Is more turbulence on the way for Canadian labour relations?
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Proof Point: International students have a fast track to Canadian employment
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Proof Point: Canadian millennials have the smallest cushion against job losses
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Canadians on the move: will a pandemic shakeup in migration trends hold?
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Proof Point: Non-permanent residents can fill labour gaps in “greying” Canadian industries
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Proof Point: Soaring construction costs will hamper Canada’s homebuilding ambitions
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How Indigenous Business Can Accelerate Canada’s Net Zero Transition
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Proof Point: Food inflation will slow, but don’t expect prices to drop
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Proof Point: Canadians’ post-pandemic travel fever holds steady
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Five signs North America’s labour markets are starting to crack
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Proof Point: Banking turmoil is tightening already strained U.S. lending conditions
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Proof Point: More Canadians to fall behind on debt payments—but most will manage
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Proof Point: Will a weak Canadian dollar fire up inflation?
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Proof Point: Canada’s economy can’t afford a slump in business investment
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Proof Point: Canada’s shortage of rental housing could quadruple by 2026
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Policy Insight: How Canada can win in the post-IRA economy
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Proof Point: Canadian women drove a pandemic shift into higher-paying jobs
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Proof Point: Canada is failing to put immigrant skills to work
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Proof Point: Without investment, Canadian wages could reignite inflation
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Proof Point: Canadians are still clinging to pandemic savings
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Proof Point: Canada needs green subsidies more than ever
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Navigating 2023: Canada in the cross currents
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Proof Point: Is Canada becoming a nation of renters?
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The Transformative Seven: Technologies that can drive Canada’s next green revolution
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Proof Point: Canada needs more doctors—and fast
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Proof Point: Canada’s provinces are basking in revenue, but how long will it last?
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The Next Green Revolution: How Canada can produce more food and fewer emissions
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Financing Greener Growth: The fall economic statement needs to accelerate green investment
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Proof Point: The housing-charged boom in Canadian net wealth is over
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Proof Point: Canada’s recession to arrive earlier than expected
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Proof Point: Canada still isn’t spending enough on the green economy
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The Price of Power: How to cut Canada’s Net Zero electricity bill
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Proof Point: The rise of services in Canadian goods trade
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Course Correction: How international students can help solve Canada’s labour crisis
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Proof Point: Fewer supply chain snarls won’t be enough to lower inflation to 2%
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Proof Point: Demographics a powerful counterforce in Canada’s housing market correction
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Proof Point: Reshoring hasn’t spurred a Canadian manufacturing renaissance
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Canadian Housing: A Market In Retreat
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Proof Point: Canada’s labour shortages will outlive a recession
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Proof Point: Canada’s economy is headed for a recession
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Immigration Nation: New Canadians are vital to an aging society
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Proof Point: Can Canada feed the world?
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Proof Point: Canadians are scratching the travel itch again, but can the industry keep up?
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Proof Point: Immigration will fuel Atlantic Canada’s population upswing
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Proof Point: Canadians can’t kick cash
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Proof Point: Low income Canadians to feel sharpest sting from inflation, rate hikes
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The New Climate Bargain: How Canada Can Manage Energy & Environmental Security
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Proof Point: Canada’s post-pandemic labour market shakeup
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Laying the Foundation: Canada’s 2030 Emissions Reduction Plan
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Pandemic leaves Canadians richer—but saddled with more debt
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Equal measures: Advancing Canada’s working women in a post-pandemic economy
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Green Collar Jobs: The skills revolution Canada needs to reach Net Zero
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Unleashing Opportunity: The economic gains in narrowing Canada’s racial wealth gap
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COVID Consumer Spending Tracker
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The Great Canadian Restart: How 2022 can spark an era of greener, more robust growth
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What’s up with inflation?
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Net Zero: A long way from Glasgow
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Squeeze Play: Higher wages alone won’t solve Canada’s labour shortage problem
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Closing the global sustainable finance gap
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The Canadian housing market outlook
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Brighter Days Ahead: Fiscal picture improves from coast to coast
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The Great Canadian Savings Puzzle
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The $2 Trillion Transition: Canada’s Road to Net Zero
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The new challenges facing Canada’s small businesses
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A Regional Renaissance: More Canadians drawn to live on the Atlantic Coast during pandemic
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Home builders are tackling Canada’s housing supply shortage
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Powering Up: Preparing Canada’s skilled trades for a post-pandemic economy
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The Economic Pulse – September 2021 Edition
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Are sky-high job vacancies in Canada around for a while?
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Why isn’t Canada investing enough in green projects, despite ambitious climate targets?
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Border carbon taxes are moving from idea to reality. How exposed is Canada?
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COVID Response Has Kept Many Indebted Canadians from Reaching Debt Cliff
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BoC Outlines Financial Impacts of Covid-19
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Bank of Canada Expanding Asset Purchases
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Canadian Dollar Weakened but Not Headed for Historical Lows
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COVID-19’s Threat to Canada’s Vulnerable Workers
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The Fruits of Her Labour
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Gauging Canadian Coronavirus Supply Chain Vulnerabilities