Monthly Economic Letter
Your monthly source of news on economic issues
Here you'll find concise data and clear analysis prepared by our team of economists, including interest rates, economic growth, business credit conditions, and more.
In the current issue:
Where are interest rates headed?
Over the past year, the Bank of Canada has begun lowering its key interest rate, a way of making borrowing cheaper to stimulate the economy. It reduced the rate from 5.0% to 2.75%, a drop of 2.25% (or 225 basis points). But even though this rate has fallen significantly, the interest rates that people and businesses pay have not followed suit at the same pace. Read more
Archives
- May 2025—Canada’s real estate market sails back into troubled waters
- April 2025—90-day pause on yet another layer of tariffs—what does it mean for Canada, the economy and your business?
- March 2025—The economic impact of tariffs... so far
- February 2025—How your business can thrive in uncertain times
- January 2025—You have questions, we have answers!
- December 2024—Canada’s economy slows amid weak business investment
- November 2024—How will the U.S. election affect your business?
- October 2024—Should we be concerned about rising trade tensions with China?
- September 2024—Is this the start of a new economic chapter?
- July 2024—What would a new Trump mandate mean for Canada’s economy?
- June 2024—Interest rates have begun their descent. Now what?
- May 2024—The job market is rebalancing—what will be the impact for companies?