This morning, we released an updated Deloitte Quarterly Economic Forecast. Recent events have led us to adopt the view that a recession is coming in Canada. After posting strong growth in the first half of this year of above 3% annualized,… Read More ›
Deloitte
E-Sight July 4: Canadian economy solid in April weakens in May, Deloitte economic outlook
The Canadian economy grew by 0.3 per cent in April with growth in 13-of-20 industries. Goods-producing firms increased 0.9 per cent, outpacing a slim 0.1 per cent gain by services. While the April gain was solid, Statistics Canada’s flash estimate… Read More ›
E-Sight January 29: Canadian Economy Shows Surprising Strength in November
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 ›
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 