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Economic Journal

Economic review and insights

Economic Journal

Economic review and insights

Economic Journal   -   Mar 10, 2026 GDP edged lower in Q4 2025, but as usual, details matter
GDP edged lower in Q4 2025, but as usual, details matter

The Canadian economic landscape in late 2025 and early 2026 presents a complex dichotomy between headline contraction and resilient underlying demand. While the 0.6% annualized decline in fourth-quarter GDP initially suggests a cooling economy, the internal mechanics point toward a stabilization that has significant implications for the labor market

Economic Journal   -   Mar 10, 2026 Services sector still subdued although slightly better as sporting events are expected
Services sector still subdued although slightly better as sporting events are expected

The latest economic data for February 2026 suggests that the Canadian service sector is navigating a persistent, though slightly moderating, downturn. While manufacturing has shown signs of stabilization, the services industry (a critical driver of the national economy) remains in contraction territory. The S&P Global Canada Services PMI

Encouraging inflation trends for staffing although a storm is brewing
Economic Journal   -   Mar 19, 2026 Encouraging inflation trends for staffing although a storm is brewing

The latest Consumer Price Index (CPI) report from Statistics Canada, released this week, presents a complex narrative for staffing firms and recruiters. While the headline inflation rate cooled significantly to 1.8% in February, down from 2.3% in January, this downward trend is widely viewed as a "calm

by Minh Dang
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Economic Journal   -   Mar 19, 2026 Encouraging inflation trends for staffing although a storm is brewing
Encouraging inflation trends for staffing although a storm is brewing

The latest Consumer Price Index (CPI) report from Statistics Canada, released this week, presents a complex narrative for staffing firms and recruiters. While the headline inflation rate cooled significantly to 1.8% in February, down from 2.3% in January, this downward trend is widely viewed as a "calm

by Minh Dang
Economic Journal   -   Mar 10, 2026 GDP edged lower in Q4 2025, but as usual, details matter
GDP edged lower in Q4 2025, but as usual, details matter

The Canadian economic landscape in late 2025 and early 2026 presents a complex dichotomy between headline contraction and resilient underlying demand. While the 0.6% annualized decline in fourth-quarter GDP initially suggests a cooling economy, the internal mechanics point toward a stabilization that has significant implications for the labor market

by Minh Dang
Economic Journal   -   Mar 10, 2026 Services sector still subdued although slightly better as sporting events are expected
Services sector still subdued although slightly better as sporting events are expected

The latest economic data for February 2026 suggests that the Canadian service sector is navigating a persistent, though slightly moderating, downturn. While manufacturing has shown signs of stabilization, the services industry (a critical driver of the national economy) remains in contraction territory. The S&P Global Canada Services PMI

by Minh Dang
Economic Journal   -   Mar 04, 2026 Manufacturing sector expands for the second consecutive month
Manufacturing sector expands for the second consecutive month

The manufacturing landscape in Canada is signaling a definitive shift as of March 2026. After a protracted period of contraction throughout much of 2025, the S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) rose to 51.0 in February, up from 50.4 in January. This marks the

by Minh Dang
Economic Journal   -   Feb 27, 2026 Balancing tariffs and talent: the evolving outlook for Canadian employers
Balancing tariffs and talent: the evolving outlook for Canadian employers

Stats Canada just released their Q1 survey on business conditions. While businesses are grappling with persistent economic hurdles, there is a visible shift toward cautious optimism that suggests a potential stabilizing of hiring intentions as the year progresses. Labour shortages remain a primary concern for Canadian employers. One-quarter of businesses

by Minh Dang
Economic Journal   -   Feb 24, 2026 Tariffs, CUSMA and the Canadian Labour Market
Tariffs, CUSMA and the Canadian Labour Market

The US Supreme Court ruling on the International Emergency Economic Powers Act (IEEPA) highlights a critical distinction for the Canadian economy: while legal victories in Washington offer symbolic relief, the preservation of the Canada-United States-Mexico Agreement (CUSMA) remains the primary determinant of stability for the labour and staffing sectors. The

by Minh Dang
Economic Journal   -   Feb 19, 2026 Inflation is cooling, but wage expectations are still high
Inflation is cooling, but wage expectations are still high

The recent release of January’s Consumer Price Index (CPI) data offers a nuanced perspective on Canada's inflationary environment, revealing a headline growth rate that edged lower to 2.3% from 2.4% in December. This cooling occurred despite significant tax-related distortions that theoretically should have pushed the

by Minh Dang
Economic Journal   -   Feb 14, 2026 How softening spend is shaping 2026 hiring
How softening spend is shaping 2026 hiring

The latest data from the RBC Consumer Spending Tracker reveals a notable shift in Canadian economic momentum as the country enters early 2026. Following a period of resilient, promotion-driven activity in late 2025, cardholder spending has begun to soften, signaling a transition from post-pandemic recovery to a more measured phase

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