Economics

Amid a sizeable trade shock and lingering uncertainty, the economy’s growth outlook is running far softer than most forecasters predicted.

What billions of new defence dollars mean for the economy—including the government’s bottom line. Here are 10 key factors to consider

We have upgraded growth forecasts for Canada and the United States with the former expected to benefit from fiscal tailwinds especially in 2026.

Canadian household balance sheets remain resilient in Q1 despite escalating global trade uncertainty and market volatility.

Core CPI moderated in February, in-line with our expectations and proving that seasonal spikes were a January effect this year.

Canadian consumer spending held up in May, according to RBC cardholder transactions, building on April's momentum.

The weight of the trade war on Canada’s housing markets could be lifting as reports indicate home resale activity picked up in May.

The balance of risk around the U.S.’s growth may be shifting, but government data still shows a strong economy

Tariff uncertainty has yet to meaningfully grind payroll growth lower with the impact on employment limited to trade-reliant sectors.

Sectors that are the most exposed to trade headwinds, namely manufacturing and transport and warehousing shed jobs.

The Canadian goods trade deficit hit a record high in April in an ugly-looking round of data.

The overnight rate today at 2.75% is still in the middle of the BoC's estimate for a neutral range of interest rates at 2.25% – 3.25%.