Index of Consumer Confidence for December 2024: A Rising Tide of Pessimism

Canadian Economics    December 19, 2024

The sharp decline in consumer confidence this month follows the decrease that began last month, marking a significant drop after several months of improvement as interest rates fell. This month’s weakness is broad-based, as the balance of opinion deteriorated.

Quick take  •  3-min read
Loubna Zebiri

CPI Growth Falls Below Bank of Canada’s Target in November

Canadian Economics    December 17, 2024

Inflation in Canada slipped just below the midpoint of the Bank of Canada’s target range in November. Statistics Canada noted that slower price growth was broad-based. Black Friday sales during the month contributed to bringing many goods prices down.

Quick take  •  2-min read
Kiefer Van Mulligen

Manufacturing Sales Soar in October

Canadian Economics    December 13, 2024

Manufacturing sales rose by 2.1 per cent in October, propelled by higher sales of petroleum, coal, and transportation equipment. Preliminary indicators show manufacturing activity remained strong in November, though trade risks cloud the near-term outlook.

Quick take  •  2-min read
Kiefer Van Mulligen

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