Featured Analysis

• Tracking the impact of U.S. tariffs on five targeted Canadian industries 

• Stagnating income threaten wealth gains for young Canadians

• Services can drive greater Canadian export diversification

• Five reasons Canadian consumer spending will stay resilient, preventing further BoC rate cuts

• RBC Consumer Spending Tracker

• Canada maintains tight immigration policy despite permanent resident exemptions

• Canadian federal budget preview: A new playbook for balancing bigger government with fiscal health

• Population growth boosts Alberta’s economy, challenges young job seekers

• Q3 Business Outlook Survey leaves BoC on track for another rate cut

• Expanding U.S. Section 232 tariffs squeezes Canadian manufacturers

• Canadian wealth inequality widened in Q2

• Canadian trade deficit widened in August as new tariffs took effect

• Canada’s population growth slows even as outflows fall increasingly short of targets

• Canada faces peak aging as final boomers retire and population growth slows

• Tariffs leave a mark on Canada’s industrial heartland

• Q2 Canadian household net worth rises again despite economic uncertainties

• QCEW revisions confirm fewer U.S. jobs were added

• Canadian international trade flows stabilizing early in Q3

• How CUSMA strengthens both U.S. and Canadian economies

• Rent retreat: Canadian tenants catch a break

• Most Canadian exports to the U.S. remained duty free in June

• Soft spots and strongholds: How Canada’s jobs market is handling trade volatility

• Canadian exports still low in May but CUSMA backstop holding

• Crude calculations: Assessing Canada’s vulnerability to oil prices

• Canada’s on track to meet lower immigration targets

• What frequent and costly natural disasters mean for Canada’s economy

• What does greater defence spending mean for Canada’s economy?

• Trade tensions are redrawing Canadians’ travel map

• Canadian trade deficit narrowed in March as compliance with CUSMA rose

• Leadership shuffle: Prairie provinces powered Canada’s growth in 2024

• CUSMA compliance rush: Will it shield Canada from U.S. tariffs?

• U.S. reciprocal tariffs spare Canada/Mexico for now but trade risks remain

• U.S. tariffs on Canada take effect: What is the state of play?

• Five things we learned this week about U.S.-Canada trade

• A U.S.-Canada trade shock now in play: first economic takeaways

• A playbook for how to measure a tariff shock in Canada

• Proof Point: Canadian industries and provinces most exposed to U.S. tariff threat

• Proof Point: Are falling rents in Canada temporary relief or a new trend

• Proof point: Canada’s job market slump—low-wage industries with young workers take the biggest hit

• Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis

• Proof point: Why Canada is seeing an uneven recovery among households

• How Canada’s new immigration targets will impact the economy

• Proof point: Job market is bigger risk to Canada’s economy than mortgage renewals

• Three reasons why 2024’s 2% inflation isn’t 2019’s 2%

• Proof point: Financial returns after a post-secondary education have diminished

• Weighing the impact of Canadian tariffs on Chinese EVs and metals

• Proven points: Rents, wages, inflation and other top reads from Proof Point

• Proof Point: Canada’s economy might not be in recession but it feels like one

• Proof point: Rental housing construction picks up in Canada but will it be enough?

• Proof Point: The Canadian tourism sector is struggling to stage a rebound

• Proof Point: Canadian inflation is unlikely to pick up again like in the U.S.

• Proof Point: Not addressing population aging can be very costly

• Proof Point: A weaker Canadian dollar won’t necessarily derail BoC interest rate cuts

• Proof Point: Governments face higher interest costs when straying from fiscal anchors

• How lowering the number of non-permanent residents will impact Canada’s economy

• Proof Point: Immigrants participation in the labour force surpasses those born in Canada

• Proof Point: Weak productivity is threatening Canada’s post-pandemic wage growth

• Proof Point: International student cap won’t immediately cut rental demand in Canada

• Proof Point: Consumer spending headwinds should ease in second half of 2024

• Proof Point: Students and new graduates are bearing the brunt of the labour market downturn

• Navigating 2024: Reset and Revival In A Reshaping World

• Proof Point: Why has U.S. consumer spending been so much more resilient than Canada’s?

• Proof Point: Closing Canada’s infrastructure gap could boost Indigenous output by up to 17%

• Proof Point: Fiscal tailwinds coming to an end for Canada’s provinces

• Proof Point: For Canada, slower growth in China is a manageable risk

• Proof Point: The ranks of Canadian entrepreneurs are shrinking

• Proof Point: Is more turbulence on the way for Canadian labour relations?

• Proof Point: International students have a fast track to Canadian employment

• Proof Point: Canadian millennials have the smallest cushion against job losses

• Canadians on the move: will a pandemic shakeup in migration trends hold?

• Proof Point: Non-permanent residents can fill labour gaps in “greying” Canadian industries

• Stronger, faster, smarter: The transportation strategy Canada needs to win post-IRA

• Proof Point: Food inflation will slow, but don’t expect prices to drop

• Proof Point: Canadians’ post-pandemic travel fever holds steady

• Five signs North America’s labour markets are starting to crack

• Proof Point: More Canadians to fall behind on debt payments—but most will manage

• Proof Point: Will a weak Canadian dollar fire up inflation?

• Proof Point: Canada’s economy can’t afford a slump in business investment

• Policy Insight: How Canada can win in the post-IRA economy

• Proof Point: Canadian women drove a pandemic shift into higher-paying jobs

• Proof Point: Canada is failing to put immigrant skills to work

• Proof Point: Without investment, Canadian wages could reignite inflation

• Proof Point: Canadians are still clinging to pandemic savings

• Navigating 2023: Canada in the cross currents

• Proof Point: Canada needs more doctors—and fast

• Proof Point: Canada’s provinces are basking in revenue, but how long will it last?

• Proof Point: The housing-charged boom in Canadian net wealth is over

• Proof Point: Canada’s recession to arrive earlier than expected

• Proof Point: Canada still isn’t spending enough on the green economy

• The Price of Power: How to cut Canada’s Net Zero electricity bill

• Proof Point: The rise of services in Canadian goods trade

• Course Correction: How international students can help solve Canada’s labour crisis

• Proof Point: Fewer supply chain snarls won’t be enough to lower inflation to 2%

• Proof Point: Demographics a powerful counterforce in Canada’s housing market correction

• Proof Point: Reshoring hasn’t spurred a Canadian manufacturing renaissance

• Proof Point: Canada’s labour shortages will outlive a recession

• Proof Point: Canada’s economy is headed for a recession

• Immigration Nation: New Canadians are vital to an aging society

• Proof Point: Can Canada feed the world?

• Proof Point: Canadians are scratching the travel itch again, but can the industry keep up?

• Proof Point: Immigration will fuel Atlantic Canada’s population upswing

• Proof Point: Canadians can’t kick cash

• Proof Point: Low income Canadians to feel sharpest sting from inflation, rate hikes

• Proof Point: Canada’s post-pandemic labour market shakeup

• Pandemic leaves Canadians richer—but saddled with more debt

• Russian invasion and surging inflation take over as key global growth risks

• Equal measures: Advancing Canada’s working women in a post-pandemic economy

• Unleashing Opportunity: The economic gains in narrowing Canada’s racial wealth gap

• COVID Consumer Spending Tracker

• The Great Canadian Restart: How 2022 can spark an era of greener, more robust growth

• What’s up with inflation?

• Squeeze Play: Higher wages alone won’t solve Canada’s labour shortage problem

• The Great Canadian Savings Puzzle

• The new challenges facing Canada’s small businesses

• A Regional Renaissance: More Canadians drawn to live on the Atlantic Coast during pandemic

• Powering Up: Preparing Canada’s skilled trades for a post-pandemic economy

• The Economic Pulse – September 2021 Edition

• Are sky-high job vacancies in Canada around for a while?

• Will supply-chain disruptions remain an obstacle to growth?

• Has the Canadian dollar already reached its peak for the year?

• Will a return to pre-pandemic retirement and job quitting levels worsen emerging labour shortages in Canada?

• Canadian tourism sector primed for early recovery after bleak year

• The immigration balancing act

• The Economic Pulse – June 2021 Edition

• Rebuilding Canada’s labour market: The inclusive recovery imperative

• Canadian retailers better placed to weather COVID third wave

• The Economic Pulse – April 2021 Edition

• Canadian immigration showing signs of rebound

• Trading Places: Canada’s place in a changing global economy

• How Canada can thrive in a new global trade landscape

• The Economic Pulse – March 2021 Edition

• Inflation concerns not misplaced, but shouldn’t be overstated

• And Now the Reset: 9 ways COVID has changed consumers, and business, for the decade ahead

• COVID Further Clouded the Outlook for Canadian Women at Risk of Disruption

• Industrial Sector’s Robust Recovery Challenged by Labour, Supply Chain Issues

• How Canada’s Economy has Managed Through the Second Wave of COVID-19

• Canadians to Borrow and Spend More in 2021

• Canadian Immigration Interrupted: A Look Ahead Into 2021

• COVID Upends the Charitable Playbook

• Canadian Retailers Battered, Not Broken, by Second Wave

• For Many Canadian Businesses, the Two Halves of 2021 Look Very Different

• Navigating 2021: 21 Charts for the Year Ahead

• Five Ways to Help Small Business

• A Spotlight on the Labour Market: An Uneven Recovery

• Canadian Women Continue to Exit the Labour Force

• What will a Biden administration mean for Canada?

• From Recession to Recovery – A Bumpy Road Ahead for the Canadian Economy

• How Covid is Transforming the Economy – and Everything We Do

• Provincial-U.S. Trade: COVID-19 Exposure Rankings

• COVID Response Has Kept Many Indebted Canadians from Reaching Debt Cliff

• The Canadian Dream Postponed: Near-term Recovery in Immigration Levels is Unlikely

• Pandemic Threatens Decades of Women’s Labour Force Gains

• COVID-19 Highlights the Need for Bold Change in Canada’s Eldercare System

• Canadian City Finances Ailing from COVID-19

• COVID-19 Derails Canadian Immigration

• For Canadian Tourism, Canadians Matter Most

• Sizing up Canadian and US Stimulus Measures

• Tiff Macklem to Take over as Bank of Canada Governor in June

• Student Aid: A Relief Program That Can Drive Innovation, Too

• COVID-19 Recession Deepens Fast from Coast to Coast

• Employment Plunged in March – with Much Worse to Come

• Government Policies to Offset COVID-19 Shock on Low-wage Workforce

• Bold and Broad: Federal Government Announces Details for Wage Subsidy

• Canadian Manufacturing Activity Contracting Sharply

• Canadian Dollar Weakened but Not Headed for Historical Lows

• Federal Fiscal Support: Phase One Done but a Long Way to Go

• COVID-19’s Threat to Canada’s Vulnerable Workers

• A Crisis of Confidence

• Phase One COVID-19 Stimulus Mostly Helps Households

• Bank of Canada Commits to Do What’s Necessary to Keep System Running

• Economic Forecasting in Turbulent Times

• Federal Government Releases Plan to Soften Coronavirus Blow

• The Fruits of Her Labour

• Gauging Canadian Coronavirus Supply Chain Vulnerabilities

• Navigating the 2020s: How Canada can thrive in a decade of change

• Quarterly Canadian outlook: Low but positive growth ahead

• Canada’s economic outlook: Shifting tides as tariff threats de-escalate

• Canada’s macroeconomic outlook: U.S. trade risks are derailing a recovery

• Canada’s growth prospects brighten in 2025 but not without challenges

• Falling inflation, rising jobless rate usher in easing cycles in Canada and abroad

• Rate cuts won’t spur immediate rebound in Canada’s economy

• Canadian economic slowdown is not over

• Hitting tipping points

• Canada’s economic engine is gearing down

• Canada’s economy is beating expectations, but for how long?

• Canadian economy unlikely to dodge a downturn despite early-2023 resilience

• Rate-hiking cycle ending as recession edges closer

• Brace for a ‘bumpy’ landing, Canada

• Hot provincial momentum to lose steam

• Western provincial economies shining more brightly in 2022

• Growth opportunities narrow amid searing inflation and a scarcity of workers

• Budget 2022: Will Ottawa rise to Canada’s growth challenge?

• Provincial economies face new challenges as pandemic threat fades

• Provinces to enter advanced stages of recovery in 2022

• Inflation top concern for 2022, Covid variant casts shadow

• Brighter Days Ahead: Fiscal picture improves from coast to coast

• Recovery bumpy but still advancing in all provinces

• The long and winding road to recovery

• Economic recovery shifts into higher gear

• Provincial economies reaching the other side of the valley

• Vaccines Put Global Economy on Recovery Track

• Vaccine Progress Brightens Outlook for Provincial Economies

• Vaccine Clears Path for Recovery but Not out of the Woods Yet

• 2021 Promises Better Days from Coast to Coast

• Economic Conditions Improve but Bumpy Road Ahead

• Provincial Economies: Diverse yet Together in Experiencing Historic Recession

• Charting a Course for Recovery

• Reopening of Provincial Economies: Different Speed, Scale and Outcomes

• Let the Recovery Begin (Please)!

• The Economic Eclipse

• COVID-19 Recession to Hit Every Province

• Canada’s Economy Enters Uncharted Waters

• Low-key start to the fall for Canada’s housing market

• Navigating Toronto’s frozen pre-construction condo market

• Canada’s housing markets are slowly but unevenly getting busier

• Canada isn’t in a housing starts slump—Ontario is

• Canada’s housing market forecast update

• Canada’s building homes fast─but for how long?

• Canada’s housing market outlook: Sustaining recovery in uncertain times

• More supply and cooling demand ease Canadian rental market pressures in 2024

• The Great Rebuild Seven ways to fix Canada’s housing shortage

• Proof Point: Canadian renters face higher hurdles to accumulating wealth than homeowners

• It’s never been harder to rent in Canada—vacancy rates fall to 35-year low

• Canada’s housing market outlook: A tale of two halves in 2024

• GST measure is a step toward closing Canada’s rental housing gap

• Proof Point: Soaring construction costs will hamper Canada’s homebuilding ambitions

• Proof Point: Canada’s shortage of rental housing could quadruple by 2026

• Canadian housing market outlook: The bottom of the downturn is in sight

• Proof Point: Is Canada becoming a nation of renters?

• It’s review time for the mortgage stress test

• Canadian Housing: A Market In Retreat

• Downgrading our forecast for Canada’s housing market

• Rising interest rates a game-changer for Canada’s housing market

• Budget 2022 is big on housing, but won’t immediately relieve affordability crisis

• The fever breaks: Canada’s housing market will cool but stay strong in 2022

• The Canadian housing market outlook

• Home builders are tackling Canada’s housing supply shortage

• Overheating risk eases as Canadian housing market calms down

• Policy action provides partial fix to Canada’s housing market imbalance

• Hot Canadian housing markets call for a policy response

Hot Canadian housing markets call for a policy response

Steaming-hot Housing Market Conditions Persist Despite Cold February Weather

Super-strong Housing Market is Far from Risk-free

New Year, Same Tight Housing Market Conditions Across Canada

Canada’s housing market headed for another record year in 2021

Spectacular End to a Spectacular Year for Canada’s Housing Markets

• May 1, 2020: Day of Rent Reckoning in Canada?

• Easing the Stress Test, for Now