Thanks to the GST holiday, retail sales surged in December, and the preliminary estimate for January suggests that, despite a decline, retail sales remained well above their November level to start 2025.
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.
Data & Analytics
Explore the analytics and data that are important to your bottom line, with a focus on Alberta communities large and small. Click on the buttons below to open our data portals.
Research & Reports
Alberta Central’s research and reports provide you with access to the information you need, when you need it, with a laser focus on Alberta credit unions and specific topics you and your members care about.
Economic updates
Subscribe now to receive economic analysis, insights and thought leadership from Alberta Central’s Chief Economist Charles St-Arnaud.
|
Economic News
Underlying inflationary rises despite the temporary GST holiday
Inflation rose to 1.9% in January, remaining in line with the BoC’s inflation target.
|
Economic News
A strong labour market as the risk of US tariffs looms
Job gains remained for a third consecutive month with a 76k increase in January.
|
Economic News
The US imposes tariffs on Canada. What’s next?
Over the weekend, US President Trump announced 25% tariffs on all imports from Canada and Mexico, except for energy imports from Canada, which will face a 10% levy.
|
Economic News
Activity declines in November, and momentum looks weak
Today’s release of the monthly GDP shows that economic activity remains sluggish despite some improvement in previous months a preliminary number suggesting higher activity in December.
|
Economic News
Bank of Canada: A 25bp cut, but heightened uncertainty led to the guidance to be dropped
The Bank of Canada cut its policy rate by 25bp to 3.00% and will end quantitative tightening (QT), which is in line with our expectations.