The economy rebounded in the fourth quarter, increasing 1.2% q-o-q, and growth in the third quarter was revised higher. The details are not as positive as the headline suggests.
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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Retail sales posted a solid increase in December. However, the preliminary estimate for January points to a decline in spending at the start of 2024
Inflation decelerated to 2.9% in January, weaker than expectations. The lower inflation rate is largely the result of a base effect with gasoline prices, which returned to being a drag on inflation.
Today’s Labour Force Survey data points to a robust labour market in Canada. However, job creation remains below population growth. While this would normally suggest an increase in the amount of slack in the economy, a lower participation rate, employment rate and unemployment rate indicate that it may not be the case in January.
What does it mean to restore housing affordability? Significant sacrifices and adjustments according to Alberta Central’s Chief Economist.