The US imposes tariffs on Canada. What’s next?

Activity declines in November, and momentum looks weak

Bank of Canada: A 25bp cut, but heightened uncertainty led to the guidance to be dropped

Unchanged retail sales ahead of a GST holiday-fuelled shopping spree

Inflation eased thanks to the temporary GST holiday

TMX is already showing its value: an extra $10bn in revenues in 2024; but US tariffs loom large on Alberta’s oil

Housing activity eased in December but remains on an improving trend

A robust labour market will not deter the BoC from cutting again in January

Inflation eased slightly, but some stickiness in core measures of inflation

2025 Outlook: Searching for the terminal rate