Growth

Economic Indicators

U.S. services firms grew at record pace in September

Some complained about labour shortages and the impact of U.S. tariffs

By Staff, with files from The Associated Press |October 3, 2018

2 min read

Economic Indicators

Canadian GDP beat expectations in July with boost from manufacturing

Strong month raises expectations for an October rate hike

By Craig Wong, The Canadian Press |September 28, 2018

2 min read

Economic Indicators

U.S. economy posts best quarter in four years

But growth may have slowed in the current quarter, economists say

By The Associated Press |September 27, 2018

3 min read

Economic Indicators

Eurozone industrial activity falls in July, but growth outlook remains solid

A new RBC outlook report forecasts global growth for 2018 and 2019

By Staff, with files from The Associated Press |September 12, 2018

2 min read

What’s behind falling U.S. retail sales

U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1%. It was the third consecutive month of declining retail sales, the Commerce Department said Wednesday, though retail sales are still 4% higher from a year ago. In a CIBC economics report, Royce Mendes, director […]

2 min read

BoC holds key rate, citing U.S. trade uncertainty

The Bank of Canada (BoC) today maintained its target for the overnight rate at 1.25%, citing the growing uncertainty around trade. The bank rate is correspondingly 1.5%, and the deposit rate is 1%. In a press release, the central bank said global growth remains solid and broad-based, and it noted that U.S. government spending and […]

By Staff |March 7, 2018

3 min read

How a U.S. trade war could affect markets

With markets attuned to inflation risk and with equity volatility rearing its head, President Trump’s tough talk on trade tariffs isn’t good news. The president has threatened tariffs on aluminum (10%) and steel (25%) imports, with the effect likely being sharply higher domestic metals prices. Douglas Porter, BMO chief economist, estimates in a weekly financial […]

3 min read

Why the BoC will hold rates this week

The Bank of Canada is widely expected to hold overnight rates steady at 1.25% at its next decision Wednesday, industry experts say. In a weekly economics report, Derek Holt, vice-president and head of capital markets economics at Scotiabank, says trade policy uncertainty between Canada and the U.S. is among “compelling reasons” to pause the hike […]

By Staff |March 5, 2018

3 min read

Growth

U.S. services firms grew at record pace in September

Canadian GDP beat expectations in July with boost from manufacturing

U.S. economy posts best quarter in four years

Eurozone industrial activity falls in July, but growth outlook remains solid

What’s behind falling U.S. retail sales

Big banks’ forecasts for growth, rate hikes

BoC holds key rate, citing U.S. trade uncertainty

How a U.S. trade war could affect markets

Why the BoC will hold rates this week

In 2017, Canadian economy grew more than twice as fast as 2016