In a moment when many had braced for economic softening, a new report from BMO offers a more optimistic (if still cautious) note: Canadian consumers, across the income spectrum, stepped up in the second quarter, helping to prop up growth even as other parts of the economy faltered.
The report,
Canada’s Ivey Purchasing Managers Index surged to 59.8 in September (seasonally adjusted), signaling a strong rebound in procurement activity. Above 50 indicates expansion, and September’s jump suggests many organizations resumed or accelerated buying after a sluggish summer. Among the sub-indices, employment nudged back above the 50 threshold,
In a moment when many had braced for economic softening, a new report from BMO offers a more optimistic (if still cautious) note: Canadian consumers, across the income spectrum, stepped up in the second quarter, helping to prop up growth even as other parts of the economy faltered.
The report,
Canada’s Ivey Purchasing Managers Index surged to 59.8 in September (seasonally adjusted), signaling a strong rebound in procurement activity. Above 50 indicates expansion, and September’s jump suggests many organizations resumed or accelerated buying after a sluggish summer. Among the sub-indices, employment nudged back above the 50 threshold,
Canada’s economy is entering a new phase: one that feels neither like a downturn nor a recovery, but something in between. The latest Financial Markets Monthly from RBC, titled “Central Banks Cut as Trade Walls Rise,” offers a clear signal: the era of steady expansion has given way to
STM strike impacts
Montreal’s lifeline is running on a drip. Since September 22, the Société de transport de Montréal (STM) has been operating a pared-back, rotating strike by roughly 2,400 maintenance workers, with sharply limited metro and bus service on Mondays, Wednesdays and Fridays through October 5. On
July GDP data
After months of contraction, Canada’s economy inched forward in July. Real gross domestic product rose by 0.2 percent, slightly better than Statistics Canada’s early estimate, and a welcome reprieve after a spring defined by tariff shocks, wildfires, and slowing global demand. For staffing firms
RBC card spending data
Canada’s consumers appear to be stepping more lightly as summer fades, and hiring firms are growing cautious. New data from a consumer‐spending tracker by RBC reveals that while spending remains overall positive, growth has decelerated. At the same time, labour market indicators—including the
Bank of Canada - interest rates cut
When the Bank of Canada lowered its policy interest rate by 25 basis points to 2.50 percent on September 17, 2025, it was more than just arithmetic. It marked the country’s first rate cut in six months, and while modest in
