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Employment Stays Resilient, but Losing Steam

Canadian Economics    January 9, 2026

December’s flat employment reading caps a year in which Canada’s labour market proved more resilient than anticipated. However, rising unemployment, persistent trade tensions, and a slowing inflow of workers suggest that this resilience will be increasingly tested in the coming year.

Quick take  •  2-min read
Maxime Arseneau

Trade Surplus with the U.S. Narrows Significantly in October

Canadian Economics    January 8, 2026

Near term trade pressures have not yet fully abated. Nominal exports rebounded modestly by 2.3 per cent in the third quarter of 2025, following a sharp 12.7 per cent contraction in the second quarter. While recent monthly gains suggest some resilience in the face of U.S. tariff pressures, export volumes declined this month.

Quick take  •  3-min read
David Ristovski

Canada’s Inflation Rate Remained Steady in November

Canadian Economics    December 15, 2025

Canada’s CPI grew by 2.2 per cent in November, comfortably near the Bank of Canada’s 2.0 per cent target. Given their weight in the CPI, upward pressures stemmed in part from some shelter-related costs. Rent, for example, grew by 4.7 per cent (year-over-year), though this was down from a 5.2 per cent increase in October.

Quick take  •  2-min read
Kiefer Van Mulligen

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