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
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
Subscribe now to receive economic analysis, insights and thought leadership from Alberta Central’s Chief Economist Charles St-Arnaud.
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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.
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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…
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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.
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Economic News
Housing activity softens in September
Housing activity eased in September, the first decline since March.
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Economic News
The labour market rebounds, but declining hours worked suggest weak economic activity
Employment surged by 60.4k in September, significantly stronger than expected, mostly reversing the decline seen in August.