Current economic data from the RBC Consumer Spending Tracker reveals a Canadian consumer base that is increasingly prioritizing essential expenditures and experience-based services over discretionary physical goods. While overall cardholder spending has remained resilient, the composition of that spending suggests a shifting landscape for the national labour market.
Shifts in
The latest Ivey PMI data reveals a complex picture: while the headline activity remains in expansionary territory, the underlying labor data suggests a sector that is becoming increasingly lean.
The seasonally adjusted Ivey PMI for March landed at 57.5, a slight increase from February’s 56.6. This represents
The first-quarter Bank of Canada Business Outlook Survey offers a nuanced portrait of a Canadian economy in transition, where a resilient private sector is navigating the complex interplay of geopolitical tension and shifting inflationary pressures. For the staffing industry, the latest data suggests a stabilization of the labor market, as
The first-quarter Bank of Canada Business Outlook Survey offers a nuanced portrait of a Canadian economy in transition, where a resilient private sector is navigating the complex interplay of geopolitical tension and shifting inflationary pressures. For the staffing industry, the latest data suggests a stabilization of the labor market, as
Current economic data from the RBC Consumer Spending Tracker reveals a Canadian consumer base that is increasingly prioritizing essential expenditures and experience-based services over discretionary physical goods. While overall cardholder spending has remained resilient, the composition of that spending suggests a shifting landscape for the national labour market.
Shifts in
The latest Ivey PMI data reveals a complex picture: while the headline activity remains in expansionary territory, the underlying labor data suggests a sector that is becoming increasingly lean.
The seasonally adjusted Ivey PMI for March landed at 57.5, a slight increase from February’s 56.6. This represents
The Canadian services sector continues to operate in a high-pressure environment, yet the latest data suggests a gradual, if arduous, climb toward stability. The S&P Global Canada Services PMI rose to 47.2 in March, up from 46.5 in February. While this marks the fifth consecutive month
The Canadian manufacturing sector stands at a crossroads, with the latest data suggesting a period of watchful equilibrium rather than a definitive shift in direction. After two months of modest growth that offered hope for a sustained recovery, the S&P Global Canada Manufacturing PMI landed at 50.0
Data released Tuesday by Statistics Canada indicates that the Canadian economy began the year on a firmer footing than previously anticipated. Real gross domestic product edged up 0.1 percent in January, a modest but meaningful reversal following a slight contraction that closed out 2025. This early momentum appears to
The Canadian economy began the year with a quiet but firm step forward, navigating a landscape defined by temporary industrial pauses and a persistent tug-of-war between high interest rates and consumer resilience. Data released for January reveals a 0.1 percent increase in gross domestic product, a figure that, while
The Bank of Canada’s decision to maintain the overnight rate at 2.25% underscores a period of strategic observation as the national economy navigates a series of external supply shocks. By holding steady, the central bank is attempting to balance the risks of a cooling domestic economy against the
