CPI Growth Slowed in July Despite Trade Conflict

Canadian Economics    August 19, 2025

Despite the trade conflict with the United States, consumer price growth in Canada slowed in July. Canada’s CPI grew by 1.7 per cent (y/y), down from a 1.9 per cent increase in June, though headline inflation is currently a misleading guide to underlying price pressures.

Quick take  •  2-min read
Kiefer Van Mulligen

Labour Market Momentum Fades as U.S.–Canada Trade Conflict Persists

Canadian Economics    August 8, 2025

While the loss of momentum in the labour market is concerning, our initial estimates of the impact of the trade conflict had much more severe impacts to workers, and so the overall labour market performance this year continues to show that Canada’s economy is weathering the storm with some success.

Quick take  •  2-min read
Maxime Arseneau

Trade Deficit Widens to $5.9 Billion in June

Canadian Economics    August 5, 2025

June saw a modest rise in exports, but tariff headwinds dragged down broader second-quarter trade performance. Following a record-low national trade balance in April—coinciding with the implementation of U.S. tariffs on Canadian imports—exports showed signs of recovery in May and June, rising by 2.0 per cent and 0.9 per cent, respectively.

Quick take  •  3-min read
David Ristovski

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