Retail sales posted another robust gain in September, and the preliminary estimate suggests that they remained solid in October
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.
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Economic updates
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Economic News
Inflation surprised to the upside but remains in line with the BoC’s target
Inflation accelerated to 2.0% in October, directly on the midpoint of the BoC’s inflation target.
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Economic News
Insolvencies eased in September and appear to be stabilizing
The increase in business insolvencies over the past year, representing less than 5% of total insolvencies, is due to a rise in proposals (+33.7% y-o-y) and to bankruptcies (+4.9% y-o-y).
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Economic News
The labour market remains on its weak trend
Employment increased less than expected in October, but the unemployment rate remain unchanged.
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Economic News
Robust provincial growth in 2023 supported by strong population gains
The release of the national accounts for the provinces shows that Canadian economic activity was revised higher for 2023 and that growth was robust for most provinces, except for a contraction in Newfoundland.
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Economic News
Sluggish growth in Q3 points to the need for more rate cuts
Today’s release of the monthly GDP shows that economic activity remains sluggish despite a preliminary number suggesting higher activity in September.