
Canada Labour Market
July 11, 2025
Sectors that are the most exposed to trade headwinds, namely manufacturing and transport and warehousing shed jobs.
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Canadian exports still low in May but CUSMA backstop holding
July 3, 2025
The Canadian goods trade deficit narrowed in May after spiking to a record high in April.
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U.S. Labour Market
July 3, 2025
The nonfarm payroll number continues to be flattered by health care services that accounted for about 40% of new jobs in June.
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Podcast: The 10-Minute Take
July 2, 2025
A long-term structural trend—surging retirements—is keeping the unemployment rate from rising drastically.
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Older Reports
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Canada Labour Market
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Canadian exports still low in May but CUSMA backstop holding
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U.S. Labour Market
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Podcast: The 10-Minute Take
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Canadian GDP Update
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America needs workers, not jobs
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Crude calculations: Assessing Canada’s vulnerability to oil prices
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RBC Canadian Inflation Watch
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Canada’s on track to meet lower immigration targets
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FOMC Brief: Fed continues to play the waiting game
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What frequent and costly natural disasters mean for Canada’s economy
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What does greater defence spending mean for Canada’s economy?
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Canadian household net worth remained resilient in Q1
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RBC U.S. Inflation Watch
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RBC Consumer Spending Tracker
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Canadian exports to the U.S. plunged in April but CUSMA compliance rose
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Bank of Canada policy update
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Court rulings do not mean U.S. tariffs are going away
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Trade tensions are redrawing Canadians’ travel map
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Canadian CPI growth firmed in April excluding tax changes
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The Fed continues to wait and see
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Canadian trade deficit narrowed in March as compliance with CUSMA rose
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Canadian economy softened ahead of tariffs
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Q1 U.S. GDP signals a weak starting point
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CUSMA compliance rush: Will it shield Canada from U.S. tariffs?
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Preparing for the downside: Could Canadian federal finances withstand a trade war?
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Slowing growth, higher prices: A deeper dive into our U.S. forecasts
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Trade war halts Canadian business optimism in Q1
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A thorn in the Fed’s side: What could tariffs mean for U.S. inflation and growth?
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U.S. reciprocal tariffs spare Canada/Mexico for now but trade risks remain
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Five ramifications of the auto tariffs for the U.S. economy
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Uncertainty weighs on the Fed as they remain on pause
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‘Yellow flags’: The cracks forming in the U.S. economy that we’re watching
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DOGE cuts could push up the U.S. unemployment rate
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What is the impact of tariffs on the U.S. economy?
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U.S. tariffs on Canada take effect: What is the state of play?
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Trade uncertainty risks extending decades of under-investment in Canada
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Provincial budget preview: Preparing for uncertainty
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Six questions about the significance of interprovincial trade barriers in Canada
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How U.S. steel and aluminum tariffs would impact Canada’s economy
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Five things we learned this week about U.S.-Canada trade
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What tariffs could mean for the U.S. economy
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A U.S.-Canada trade shock now in play: first economic takeaways
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The Federal Reserve Buys Time: Rates on hold and lips sealed
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A playbook for how to measure a tariff shock in Canada
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Navigating 2025: Looking better and unsettling all at once
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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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Falling inflation, rising jobless rate usher in easing cycles in Canada and abroad
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Proof point: Financial returns after a post-secondary education have diminished
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Weighing the impact of Canadian tariffs on Chinese EVs and metals
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Proof point: U.S. import tariffs haven’t reduced reliance on foreign goods
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Proven points: Rents, wages, inflation and other top reads from Proof Point
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Proof Point: Canada’s economy might not be in recession but it feels like one
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Proof point: Rental housing construction picks up in Canada but will it be enough?
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Proof Point: The Canadian tourism sector is struggling to stage a rebound
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Proof Point: Canadian inflation is unlikely to pick up again like in the U.S.
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Proof Point: Not addressing population aging can be very costly
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Proof Point: A weaker Canadian dollar won’t necessarily derail BoC interest rate cuts
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Federal Budget 2024: Lack of spending restraint offset by revenue surprise and tax hikes
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Proof Point: Governments face higher interest costs when straying from fiscal anchors
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How lowering the number of non-permanent residents will impact Canada’s economy
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Proof Point: Immigrants participation in the labour force surpasses those born in Canada
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Proof Point: Canadian renters face higher hurdles to accumulating wealth than homeowners
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Proof Point: Weak productivity is threatening Canada’s post-pandemic wage growth
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Proof Point: International student cap won’t immediately cut rental demand in Canada
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Proof Point: Consumer spending headwinds should ease in second half of 2024
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Proof Point: Students and new graduates are bearing the brunt of the labour market downturn
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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