Today’s GDP release from Statistics Canada confirms just how bad the economic decline was in 2020. However, the release also provides some good news that the economy is weathering the recent public health restrictions better than expected. According to today’s… Read More ›
Deloitte Insights
E-Sight January 22: A retail party in November followed by a hangover in December
Canadian retail sales growth picked up in November 2020, rising by 1.3% to $55.2 million. The acceleration in sales was particularly welcome as it came after two months of more modest gains. The pattern of retail spending in November suggested Canadians… Read More ›
E-sight January 20: Bank of Canada Sends a Clear Message while Inflation Decelerates
The Bank of Canada left its policy rate at 0.25% this morning and sent a clear message to markets that the overnight rate would stay at that level until its inflation objective is achieved. This comes after speculation in recent… Read More ›
E-Sights December 18: Retail Spending Continues to Grow but Impacts of the Second Wave Beginning to Emerge
Canadian retail sales continued to grow in October, gaining 0.4% month-over-month. After October’s increase, retail sales are now an impressive 4.5% above its pre-pandemic level. In volume terms, sales were up 0.2% which will likely help the industry make a… Read More ›
Alexander Economic Views 