Monthly Economic Letter
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:
Is Canada really in a recession?
Canada has posted two consecutive quarters of negative growth—technically a recession. But the reality is more nuanced. The economy isn’t collapsing; it’s losing momentum. And this isn’t the first time Canada has experienced back-to-back negative quarters without slipping into a full-fledged recession. Still, the direction is clear. Across the board, key drivers are weakening: the housing market is stalled, business investment is on hold, and trade is increasingly volatile. None of these engines are driving growth forward... And that matters. Read more
Archives
- May 2026—Canadian consumers: is the last pillar still standing?
- April 2026—Are rising costs here to stay?
- March 2026—Soaring oil prices: What do they mean for the Canadian economy and entrepreneurs?
- February 2026—Gold volatility: What it says about the economy...and what it means for Canadian entrepreneurs
- January 2026—A year that promises to be eventful
- December 2025—The economy in 2026: Make or break time for Canada?
- November 2025—The Canadian dollar is set to remain weak
- October 2025—Tariffs: Current and future impacts on the Canadian economy
- September 2025—Canada’s labour market hits a speed bump
- July 2025—Should we worry about the One Big Beautiful Bill?
- June 2025—Where are interest rates headed?
- May 2025—Canada’s real estate market sails back into troubled waters