Households’ indebtedness increased slightly in 2025Q1, the first increase since 2023Q1, but remained close to its lowest level since 2015, if we exclude the pandemic.
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
A sharp rise in insolvencies in April could be the start of a new trend
Insolvencies surged 10.0% m-o-m on a seasonally-adjusted basis (SA) in April, following some easing since January.
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Economic News
The labour market remains weak, despite some resilience
Employment increased 8.8k in May, better than expected. However, the unemployment rate edged higher to 7.0%, its highest since 2016, if we exclude the pandemic.
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Economic News
Why are Albertans so grumpy? It’s about falling behind economically
The election of a fourth Liberal government has led to a surge of discontent in Alberta and fanned the flames of separatism in the province to a point where a referendum on the subject is becoming highly likely.
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Economic News
Bank of Canada: On hold, as underlying inflation worries supersede a slowing economy
The Bank of Canada held its policy rate unchanged at 2.75%, its second consecutive pause.
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Economic News
Strong start to 2025, but there are weaknesses below the surface
The economy was stronger than expected in the first quarter of 2025, with growth at 2.2% q-o-q ar. in Q1.