Canada GDP expands 0.1% mom in March, another 0.1% mom in April

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Canada’s GDP grew by 0.1% mom in March, in line with market expectations. Strength in goods-producing industries continued to support overall output. The sector expanded by 0.2%, marking its second lead contribution in the past three months. Services-producing industries also edged higher by 0.1%. In total, 9 out of 20 sectors posted growth. Looking ahead, […]

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Weekly Economic & Financial Commentary: A Bump in the Tariff Road

Weekly Economic & Financial Commentary: A Bump in the Tariff Road

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Summary United States: Waiting for Clarity Uncertainty continues to shape economic data. Personal spending was revised lower in Q1 but rose at a modest pace in April amid sturdy income growth. Inflation also remains in check, but we expect to see a tariff-driven bounce in goods prices in the coming months. Meanwhile, the appetite for […]

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BoC to Leave Rates Unchanged Ahead of Key Trade and Labour Market Updates

BoC to Leave Rates Unchanged Ahead of Key Trade and Labour Market Updates

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We expect the Bank of Canada will forego an interest rate cut on Wednesday in another close call following April’s pause after seven consecutive cuts. Arguments for a rate cut still remain. Labour markets have weakened, particularly in manufacturing where jobs dropped by 30,600 in April—the largest one-month decline since the pandemic—pushing unemployment to 6.9% […]

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