Job Bounce Ends Months of Stagnation

Canadian Economics    October 15, 2024

September marks the first decline in the unemployment rate since January, with the rate now at 6.5 per cent. This month’s labor market data indicates robust job creation particularly driven by substantial increases in various service sectors.

Quick take  •  2-min read
Loubna Zebiri

Trade Deficit Widens to $1.1 Billion in August

Canadian Economics    October 8, 2024

Exports of energy products posted sharper declines than all other product categories. Concerns over oil demand exerted downward pressure on crude oil prices. Therefore, the monthly decline in energy exports can mainly be attributed to lower prices of crude oil. Additionally, exports of forestry products and building and packaging materials fell to $3.8 billion in August—its lowest level since July 2023.

Quick take  •  2-min read
David Ristovski

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Real GDP Rises in July, but Third Quarter Still Expected to be Weak

Canadian Economics    September 27, 2024

Today’s release of GDP estimates indicates that Canada’s economy manages to attain growth despite the negative impact from wildfires. However, the overall picture is far from rosy. The Canadian economy showed no growth in June, and advanced estimates reveal that real GDP was unchanged for August.

Quick take  •  3-min read
Viktor Cicman

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