The link between oil prices and the Canadian dollar seems to have diminished in recent years. Read about why from The Intelligence Centre.
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 activity returning to its lacklustre trend
Today’s release of the monthly GDP shows that the strong economic momentum seen at the start of the year is unsustainable. The economy is returning to its lacklustre performance.
Retail sales are back to their lacklustre trend
Retail sales posted another decline in February and the preliminary estimate for March points to unchanged spending.
Federal Budget: no big change in deficit thanks to higher taxes
Budget 2024 shows a deficit of $40bn for FY2024-25, unchanged from the Fall Economic Statement (FES), and only marginally higher than expected over the projection period.
Housing activity improves in March, but house prices decline
Housing activity improved in March, but national house prices declined, a sixth decline in seven months. Activity in the housing markets has been very sensitive to changes in interest rates in recent months because of its impact on affordability.
Bank of Canada: almost ready for cuts
The Bank of Canada kept its policy rate to 5.00% and will continue quantitative tightening (QT), in line with our expectations.