Research
Two modes of work: same-day commentary on every major Canadian print, and long-form deep dives on the structural questions underneath. Newest first.
Data commentary
Same-day notes on every major Canadian print. Distributed as PDFs to subscribers; visible here as they ship.
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Inflation climbs back to 3% on fuel and travel costs.
Headline inflation rose to 3% in July, hitting the top of the Bank of Canada's control band for the second time this year as fuel and travel prices jumped. Grocery inflation kept cooling from its December peak, and with the drivers seen as temporary, the bank is unlikely to react even as the balance of risks tilts hawkish.
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Trade surplus grows as gold powers exports
A weaker Canadian dollar and elevated gold exports boosted the headline numbers. Rising export volumes suggest Canada's export momentum extends beyond those temporary tailwinds.
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Canada's economy shakes off weak start with Q2 boom
As growth runs ahead of the Bank of Canada’s expectations, recession fears are quickly fading into the rear-view mirror. The key question now is whether momentum can persist as temporary boosts to oil and gas are set to fade.
Deep dives
Multi-week investigations on the structural pieces of the Canadian economy.
Coming soon.