by Brent Vandermeer | Jul 4, 2024 | Market Commentary
Market Pulse The Canadian economy grew at an annualized rate of 1.7% in the first quarter, below the anticipated 2.2%, due to weaker inventory growth despite robust consumption. The Bank of Canada cut its key policy rate to 4.75% in June, with many economists...
by Brent Vandermeer | Jun 12, 2024 | Market Commentary
Market Pulse In April, the Canadian economy added 90,400 jobs, exceeding expectations of a 20,000 job increase. This growth, driven entirely by the services sector with 100,700 new jobs, left the unemployment rate unchanged at 6.1% despite a 10,400 job decline in the...
by Brent Vandermeer | May 6, 2024 | Market Commentary
Market Pulse The global economic outlook for 2024 presents a paradox of resilient growth amid escalating risks. While some economies are defying expectations of recession and showing signs of robustness, the broader picture is marred by deepening geopolitical tensions...
by Brent Vandermeer | Apr 3, 2024 | Market Commentary
Market Pulse The Canadian economy displayed unexpected strength in early 2024, with notable GDP growth in the first two months driven by sectors like oil and gas, manufacturing, and finance. This robust start, marked by the highest growth since early 2022, tempers the...
by Brent Vandermeer | Mar 15, 2024 | Market Commentary
Market Pulse The easing of Canadian consumer prices at the start of the year suggests potential room for the Bank of Canada to consider interest rate cuts in the upcoming months. The consumer price index (CPI) increased by 2.9% in January year-over-year, below the...
