Budget 2024 projects a deficit of $78.3 billion for FY2025-26, significantly larger than expected in the Fall Economic Statement (FES), but roughly in line with expectations. At 2.5% of GDP, the deficit is the largest since 2009, during the Global Financial Crisis, excluding 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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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.
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Economic News
Bank of Canada: A 25bp cut and signals it might be done
The Bank of Canada cuts its policy rate by 25bp to 2.25%, as expected.
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Economic News
The economic impact of the Alberta teachers’ strike
On October 6th, 51,000 members of the Alberta Teachers’ Association went on strike to protest the lack of progress in their negotiations with the Alberta government.
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Economic News
Bank of Canada: A 25bp cut, but does not signal more imminent easing
The Bank of Canada cuts its policy rate by 25bp to 2.50%, as expected.
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Economic News
Core inflation remains sticky, but the BoC will focus on increased slack in the economy and cut
Inflation accelerated to 1.9% in August, while the Bank of Canada’s preferred measures of core inflation eased slightly to 3.05%.
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Economic News
Opinion: If Trump’s trade target is a customs union, Canada will have a big decision to make
Economic commentary provided by Alberta Central Chief Economist Charles St-Arnaud. Read the latest monthly column for the Financial Post: Opinion: If Trump’s trade target is a customs union, Canada will…
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