Canada just saw its biggest trade surplus since its leaders pledged to shed its US reliance. Statistics Canada (StatCan) data shows international merchandise trade jumped in April. A sharp climb in exports produced the biggest trade surplus in over a year, though it wasn’t due to policymakers. The net gain was more than explained by […]
Canada’s central bank won’t love what the latest trade data says about the economy. Statistics Canada’s (StatCan) latest merchandise trade data shows a return to deficit territory in October due to surging imports. Demand is running so hot it’s seeking its fix abroad, while demand for Canadian goods is failing to keep up. The imbalance […]
Canada’s fiscal picture is getting “cloudy,” warns BMO. The bank’s latest report flags ballooning spending, soft revenues, and trade war uncertainty as key risks facing the economy. BMO estimates the deficit could reach as high as $80 billion this year—far higher than official forecasts. A slower rollout of election promises might ease the blow, but […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Atlantic Canada & Prairies To Be Hit Hard By China’s Tariff Retaliation: RBC Canadians are so focused on the American-induced trade war they likely forgot they started one with China a few months prior. RBC warns that China has finally retaliated to […]
Canada’s facing a trade war with its largest partner, and it may send interest rates plunging. BMO Capital Markets wrote to investors after the first round of tariffs were announced this weekend. The bank now expects rates to be slashed much more aggressively, trimming another point off the bottom for overnight rates. The plunge would […]
Gravy & cheese curds. Tegan & Sara. Denim & denim…there’s only one iconic duo that trumps those to Canadains, and it’s the tightly integrated economies of Canada and the US. Like all bromances, this relationship is going through a bit of a rough patch, with the new American administration threatening to impose 25% tariffs on […]
