Canada Economy

It's here. After all the talk about recession and how bad the COVID-19 effect will be on the economy, we get the first official GDP numbers from the two largest economies in the world (and Canada; we mustn't forget Canada). The outbreak…
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Over the next couple of months, we want to keep an eye on inflation numbers. Why? Well, there are two competing theories about what's going to happen with the massive amount of stimulus that's being put into financial markets to deal with…
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Canada has managed to skirt most of the recent economic crises and continue growing. But not anymore. Despite increasing diversification of their economy, Canada is still significantly dependent on oil production and export. The sudden…
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On Thursday, we are expecting the Canadian employment report. This data could highlight the intensity of the damage the stringent measures to fight COVID-19 have taken on the economy. There won’t be any surprise now, if the numbers come…
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The Impact of the Coronavirus Before going into the BOC meeting, we must address the coronavirus, and its impact on slowing down global activities and economic growth. Last week, we saw indices taking a large plunge. S&P 500 lost…
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Many analysts are making the case that the RBA is increasingly likely to cut rates. This is due to the potential economic impact of the COVID-19 outbreak. On the other hand, many are arguing that it's too soon. With this lack of agreement,…
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Canada has largely been able to stay on the sidelines of the global economic uncertainty. Therefore it's likely to not be as much of a beneficiary of the general positive swing lately. But don't tell that to their stock market, which has…
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This is a pretty busy week for the CAD. Tomorrow's rate decision is just the first of several major data points that could move the currency. There is an overwhelming consensus that the BOC will keep rates on hold one more time. But there…
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There are a couple of events on the economic calendar tomorrow to move the Canadian dollar. While Canada has, so far, been sidelined by global uncertainty, it doesn't mean that they will always be. We need to be wary of any signs of a…
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Two major commodity currency countries will be publishing their employment data. And that routinely shakes up the market a bit! New Zealand is especially interesting since they just finished signing a new trade agreement with their…
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