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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:

While there are many factors to consider when analyzing business cycles, one reality remains constant—the importance of consumer spending. In Canada, as in other countries, consumption is the main driver of the economy, accounting for nearly 60% of GDP. Read more

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Archives

  • February 2023—The end of interest rate hikes: What does it mean?
  • January 2023—You’ve got questions. We have answers!
  • December 2022—Economic outlook 2023: cause for caution, not alarm
  • November 2022—What to expect from the coming economic downturn?
  • October 2022—Interest rate hikes begin to hit the Canadian economy
  • September 2022—Will wages continue to rise?
  • July 2022—Rising interest rates: When will it end?
  • June 2022—A real estate crash on the horizon?
  • May 2022—The economy looks healthy. Why all the talk about a recession?
  • April 2022—Is the economy headed toward 1970s-style stagflation?
  • March 2022—How the war in Ukraine will affect Canada’s economy
  • February 2022—After an inflationary surge, will commodity prices stabilize in 2022?