Housing activity improves, as the extreme uncertainty eases somewhat.
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
Insolvencies remain on a declining trend in May, despite the trade shock
Insolvencies remain on a declining trend in May, despite the trade shock
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Economic News
Core inflation remains a concern for the BoC, meaning no cut in July
Inflation accelerated to 1.9% in June and the Bank of Canada’s preferred measures of core inflation rose to 3.05%, in line with our expectations. The BoC’s preferred measures of inflation are at or above 3% for the third consecutive month.
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Economic News
Mid-year Outlook: As uncertainty fades, the economy is no longer deteriorating
Key takeaways: Canada’s first six months of 2025 were marked by a trade conflict with the US and extreme uncertainty. This led to weaker economic activity, with a likely contraction…
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Economic News
A surge in employment likely to put the BoC on hold in July
Employment surged by 83.1k in June, significantly better than expected.
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Economic News
The economy likely contracted in Q2, but the worst may have passed
Today’s release of the monthly GDP shows that the Canadian economy contracted in April, and the preliminary estimate suggests that economic activity eased again in May.