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Economic review and insights
Economic review and insights
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
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
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
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
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
by Minh Dang
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
by Minh Dang
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
by Minh DangThe 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
by News RoomThe release of the S&P Global Canada Services PMI for January 2026 presents a challenging start to the year for the broader economy. While the manufacturing sector showed early signs of stabilization this month, the service sector, which accounts for the vast majority of Canadian employment, saw its
by Minh DangThe release of the S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) for January 2026 marks a significant turning point for the staffing and recruitment sector. After an eleven-month period of contraction, the index rose to 50.4, up from 48.6 in December. This move above
by Minh DangThe Canadian labor market in early 2026 is grappling with a series of localized shocks and long-term structural shifts. While significant capital investments in aerospace and port infrastructure offer promising growth, these are currently balanced against immediate layoffs in the automotive sector and a cooling trend in manufacturing and
by Minh Dang