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Retail saw a rebound in part due to the continued lifting of COVID-related restrictions across Canada. However, after spending mainly on goods in the last year, spending on services should increase, leading to weakness in retail sales.
With inflation above the Bank of Canada’s target of 2% and no signs of moderation on the horizon, we believe the central bank is gradually getting concerned by the inflation outlook.
The Alberta housing market remains strong, with the number of transactions still close to a record. After some moderation, the level of activity in the housing market seems to be stabilizing at a high level.
Economic commentary by Alberta Central’s Chief Economist Charles St-Arnaud on the most recent Labour Force Survey data.
Economic commentary by Alberta Central’s Chief Economist Charles St-Arnaud on the modest increase in insolvencies so far this year.
Economic commentary by Alberta Central’s Chief Economist Charles St-Arnaud on how the weather affected the Canadian economy in July.
Economic commentary by Alberta Central’s Chief Economist Charles St-Arnaud on labour shortages due more to demographic issues and workers’ preferences than government policies.
Alberta Central’s Chief Economist Charles St-Arnaud provides an in-depth report on the decades-old discussion of labour, production and income diversification in Alberta.
Policy commentary on how this pandemic has significantly impacted women and how adopting a gender lens with respect to existing and future supports may enable credit unions to be pioneers in their roles as financial experts in their respective communities as well as industry-wide.
