Insolvencies declined by 4.4% m-o-m on a seasonally-adjusted basis (SA) in February, following an increase in January.
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
The drop in employment in March could signal the start of the recession
Employment dropped 33k in March, much weaker than expected. The unemployment rate edged higher to 6.7%, but would have increased more if it were not for the decline in the participation rate.
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Economic News
US tariffs: Canada spared the reciprocal treatment but won’t escape the global fallout
Economic insight provided by Alberta Central Chief Economist Charles St-Arnaud. Key takeaways: Although the scope of US tariffs on Canada remains unchanged, yesterday’s announcement will still have a negative impact…
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Economic News
Strong start to the year, but elevated uncertainty to temper growth
Today’s release of the monthly GDP shows that the Canadian economy was strong ahead of the tariff shock
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Economic News
Retail sales remained above pre-GST holiday level, but the elevated uncertainty will be a major drag
Retail sales declined more than expected in January and the preliminary estimate for February suggests another easing in retail spending
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Economic News
Small business confidence is at its lowest on record
The latest Business Barometer from the Canadian Federation of Independent Business (CFIB) shows that the Canadian economy is in the midst of a perfect storm, and growth is coming to a halt due to the uncertainty surrounding tariffs.