Budget 2024 projects a deficit of $78.3 billion for FY2025-26, significantly larger than expected in the Fall Economic Statement (FES), but roughly in line with expectations. At 2.5% of GDP, the deficit is the largest since 2009, during the Global Financial Crisis, excluding the pandemic.
Economic News
To help make credit unions innovation ready, Alberta Central’s Chief Economist Charles St-Arnaud shares his analysis of the latest economic news. These commentaries and insights papers will help you understand what economic trends mean and how they could impact your credit union.
Data & Analytics
Explore the analytics and data that are important to your bottom line, with a focus on Alberta communities large and small. Click on the buttons below to open our data portals.
Research & Reports
Alberta Central’s research and reports provide you with access to the information you need, when you need it, with a laser focus on Alberta credit unions and specific topics you and your members care about.
Economic updates
Subscribe now to receive economic analysis, insights and thought leadership from Alberta Central’s Chief Economist Charles St-Arnaud.
|
Economic News
Economic activity unexpectedly contracts in August
Today’s release of the monthly GDP shows that the Canadian economy contracted in August, the fifth decline in economic activity this year.
|
Economic News
Bank of Canada: A 25bp cut and signals it might be done
The Bank of Canada cuts its policy rate by 25bp to 2.25%, as expected.
|
Economic News
Retail sales continue to show resilient consumer spending
Economic commentary provided by Alberta Central Chief Economist Charles St-Arnaud. Bottom line Retail sales rose in August, as expected, and reversed the declines seen the previous month. The increase was…
Read more >
|
Economic News
Core inflation rises above target, but the BoC is likely to lean towards another cut anyway
Inflation accelerated to 2.4% in September, mostly due to a base effect and higher food prices. Moreover, the Bank of Canada’s preferred measures of core inflation edged higher to 3.15% on average.
|
Economic News
Housing activity softens in September
Housing activity eased in September, the first decline since March.