Canada’s inflation picture remained superficially calm in November. Headline CPI held at 2.2 percent year over year, right in line with the Bank of Canada’s target and comfortably below the levels that dominated much of the past two years. But beneath that stability, the composition of inflation

As Canada transitions into 2026, the latest Quarterly Canadian Outlook from RBC Economics underscores a nuanced economic environment that is cautiously optimistic but fundamentally reshaped by structural shifts. At first glance, the data signal resilience: per-capita GDP is on track to grow in 2025 for the first time in

Canada’s September trade data delivered a sharp and headline-grabbing swing back into surplus. On the surface, the move from a $6.4 billion deficit in August to a modest $153 million surplus looks dramatic. Underneath, the details tell a more nuanced and more constructive story: what we are

The latest Ivey Purchasing Managers Index for November landed below the neutral threshold at 48.4, signaling contraction in overall business activity after a string of months above 50. This marks the first clear downshift in business sentiment since the mid-year rebound, and it carries important implications for the

The Bank of Canada entered the final stretch of the year with a widely anticipated decision to hold the policy rate at 2.25 percent. This keeps the benchmark at the lower edge of the neutral range and signals that the long adjustment phase that began in mid 2024 is

November data from the S&P Global Canada Services PMI make for a sobering read. After a brief return to growth in October, the services sector plunged well into contraction territory, with the headline Business Activity Index collapsing to 44.3. That reading marks the weakest since mid-year

Canada’s manufacturing sector entered November with another month of contraction as the national PMI slipped to 48.4 from 49.6 in October, according to S&P Global. The headline figure has now spent a long stretch below the 50 threshold that separates expansion from contraction, and the

Canada’s move to join the Security Action for Europe initiative signals one of the most significant industrial and labour shifts in years. The decision aligns with a broader strategy to rebuild military capacity, strengthen sovereignty, and position Canadian industries inside one of the fastest growing defence markets in the