EN 
Canada - ENAn in-depth analysis of the key drivers of economic activity in Canada and the US including a discussion of global factors that will affect these near term forecasts.
A forward-looking analysis of Canadian, U.S. and international financial market trends including interest rate and currency forecasts.
Monthly Forecast Update
Trade resilience, fiscal tailwinds boost Canada’s growth prospects
June 12, 2025
We have upgraded growth forecasts for Canada and the United States with the former expected to benefit from fiscal tailwinds especially in 2026.
Macroeconomic Outlook
Canada’s economic outlook: Shifting tides as tariff threats de-escalate
June 13, 2025
Amid a sizeable trade shock and lingering uncertainty, the economy’s growth outlook is running far softer than most forecasters predicted.
See Older Reports
Monthly Forecast Update
-
Trade resilience, fiscal tailwinds boost Canada’s growth prospects
-
Step by step: Trade talks lead to tariff de-escalation but hurdles remain
-
Hard Times: Escalating tariffs threaten U.S. economic exceptionalism
-
It’s a new dawn (day), and no one’s feeling good: Tariffs slash growth momentum in Canada and U.S.
-
50 ways to leave your lover: Sizing the impact of a trade breakup
-
Take it easy, higher Fed terminal and weaker loonie shouldn’t make the BoC queasy
-
Tangled up in trade: The steep cost of closing doors
-
Running up that bill — U.S. growth gains, debt pains
-
Don’t stop me now – rate cuts to multiply from the BoC, ECB and the BoE
-
Ease on down the road – Fed shifting gears as inflation slows
-
Stayin’ Alive: The U.S. labour market is weakening, not faltering
-
At Last: U.S. economy is showing signs of softening
-
Let me see you get low: central banks kick off rate cutting cycle
-
It’s hard to leave (higher rates) when you can’t find the door (to lower inflation)
-
BoC and the Fed, you gotta keep ‘em separated
-
U.S. outperformance continues but no sunshine yet for the Canadian economy
-
New rules
-
Ordinary pain
-
Special edition – keeping an eye on Canada’s credit rating
-
Under Pressure – softening outlook keeping central banks at bay
-
Taking the long way home
-
Letting it be – central banks hold the line as more clouds roll in
-
Central banks hit “hopeful pause” on rate hikes
-
Interest rates to stay higher for longer
-
Triangulating terminal: take two
-
Crunch time
-
The waiting is the hardest part
-
New legs, or familiar lags?
-
Know when to hold ’em
-
Triangulating terminal
-
Past the peak
-
Searching for the turning point
-
Crossing the line(s)
-
Front-loading can’t guarantee a soft landing
-
Flagging growth won’t derail central bank rate hikes
-
Shrinking runway for a soft landing
-
Will tough-talking central banks follow through?
-
End of an era
-
Central banks playing catch-up
-
Conflict in Europe brings more uncertainty, more inflation
-
Moving on from pandemic stimulus
-
Omicron won’t deter hawkish central banks
-
Central banks weigh inflation, new variant
-
Central banks feeling the pressure
-
Central banks shuffling toward the exit
-
Economic recovery delayed but not derailed
-
Navigating the Delta variant
-
Central bank divergence re-emerging
-
Economies and markets in wait-and-see mode
-
Central banks on different wavelengths
-
Vaccines, restrictions driving near-term divergence
-
Inflation Prospects Prompt Bond Market Reset
Economic Momentum ‘Strained’ in Early 2021
Rising COVID Cases Make for a Challenging Start to 2021
-
Vaccine Rollout Boosts 2021 Growth Prospects
-
The Balancing Act: Containment vs. Recovery
-
Second Wave Threatens Recovery Momentum
-
Economic Check-up after a Very Long 6 Months
-
Economic Recovery Underway, but Risks Abound
-
Managing COVID Outbreaks Key for the Path to Economic Recovery
-
After Unprecedented Declines, an Uneasy Recovery Begins
-
After the Fall
-
Record-breaking Declines Ahead