The Bloomberg Nanos Canadian Confidence Index moved below the neutral 50-point mark, declining from 52.81 four weeks ago to 49.86. The change reflected lower expectations for the economy and housing market, while assessments of personal finances and job security remained relatively stable. Overall confidence is below both its 2026 average and its long-term historical average, indicating a more subdued economic...
The annual rate of inflation was unchanged at three per cent in August as a slowdown in rising gas prices was offset by higher rent and travel tour costs, Statistics Canada said Monday. Gasoline costs continued to rise in August but at a slower pace, with prices up 22.8 per cent compared with 25.7 a month earlier, as the conflict...
Canadian consumer confidence eased in early September, with the Bloomberg Nanos Canadian Confidence Index lowering to 50.38 from 53.38 four weeks earlier. The decline was driven by softer expectations for the economy and real estate, while views on personal finances and job security remained comparatively stable.
At Carney’s invitation, the world’s biggest institutional investors are arriving in Toronto to look over opportunities to invest in Canada — opportunities that may not yet be ripe for their taste. About 300 chief executives and senior managers gather Monday evening and Tuesday at the Four Seasons in Toronto. Between them they manage $120 trillion in assets, fifty times the...
With diesel prices skyrocketing due to ongoing global conflicts, filling up the trucks that carry food and goods across Canada has never been more expensive, experts say — and Canadians could be feeling it soon. "It's very bad," Tej Dulat, director of government and public affair with the Canadian Truck Operators Association, told CBC News.
Even as Trump tries to squeeze Canada, Iran war's oil industry impact sends billions to this country's coffers. Canadians are well aware of the damage U.S. President Donald Trump has inflicted on this country by signing off on tariffs targeting about $27.6 billion in Canadian products. But thanks to his unsuccessful management of the Iran war, Trump's other hand is...
Just under three-in-five Canadians rate the country’s economic conditions as “poor” or “very poor”. Vancouver, BC [September 10, 2026] – The gap between Canada’s prime minister and the leader of the Official Opposition on financial matters has grown over the past seven months, a new Research Co. poll has found. In the online survey of a representative national sample, 59%...
Canadian confidence held its score since the last wave of tracking, with the Bloomberg Nanos Canadian Confidence Index at 51.80. Views on personal finances and job security were stronger, reflected in a Pocketbook Index score of 54.83. Expectations for the economy and housing were weaker, leaving the Expectations Index at 48.76 and below the neutral 50-point mark.
Economists weren't ringing any alarm bells after fresh data showed the labour market broke its hot streak with a loss of 42,000 jobs in August. The unemployment rate held steady at 6.4 per cent last month, Statistics Canada said Friday. August’s losses fell short of economists’ expectations for a gain of 15,000 positions. Heading into last month, employers had been...
Canadian consumer confidence showed negative pressure immediately on the escalation of trade tensions with the United States. The forward looking Expectations Sub-indice declined, in a seven day period, from 51.61 to 49.70 points on the 100 point diffusion index. Any score above 50 is positive while a score below 50 is negative. This should be monitored in terms of new trajectory for the trend line.
Statistics Canada reported Friday that the Canadian economy grew by 3.3% on an annualized basis in the second quarter (April to June) of this year, its best performance since 2023 and highest in the G7.
Canada’s economy is strong enough to stand up to Donald Trump. Given the years of self-flagellation that preceded this trade war, you might not have known that. All the talk of lacklustre productivity, of regulatory roadblocks and uncompetitive tax policies, could easily have given you the impression that we’re here for Trump’s taking.
Fresh data from Statistics Canada on Friday suggests the economy was growing at a healthy clip in the second quarter and rumblings of a recession earlier in the year might’ve been overblown. Real gross domestic product rose 3.3 per cent in the second quarter, a tick lower than economists’ expectations. That was the fastest quarterly pace of growth since early...
Canadian confidence is climbing the wall of worry. The Bloomberg Nanos Canadian Confidence Index stands at 52.81, up from 52.55 four weeks ago and within sight of its twelve-month high of 54.19. The advance is one of expectation rather than experience. Only 13 per cent of Canadians say they are better off than a year ago, while 35 per cent say they are worse off.
Another mill is closing in British Columbia, affecting about 400 workers in the industry that has taken a repeated beating from tariffs, global competition and a lack of fibre. Domtar announced Thursday that it is permanently closing its Howe Sound pulp mill along with the Bayview Fibre chipping facility in Port Mellon on B.C.'s Sunshine Coast. Company president Luc Theriault...
Canada’s economy is evolving, which will bring both positive and negative change. But transitions — such as moving toward a low-carbon economy, shifting trade relationships or the rise of AI — can disrupt specific workers in specific places. In some instances, people in affected sectors will keep their jobs or move into new, often similar, roles. But for those who...
Jobs and the economy still top the unprompted list of national concerns at 19.6 per cent, easing from 20.6 four weeks ago, while inflation has slipped to 10.1 from 11.6. The mover is Trump and relations with the United States, up to 11.4 per cent from 8.4, now second only to the economy; environment (7.6%), health care (7.5%) and housing...
Canadian economic sentiment has improved modestly, but confidence remains restrained. The Bloomberg Nanos Canadian Confidence Index moved to 53.38 changing from 51.43 four weeks earlier, driven by both household finances and expectations for the economy and housing market. Canadians remain cautious with more saying the economy is more likely to weaken rather than strengthen, and with Canadians more likely to...
Canada is staring down the barrel of yet another tariff threat from U.S. President Donald Trump, and pretty much everyone is telling Prime Minister Mark Carney to be super careful about making any more “concessions” to the United States. In this case, pretty much everyone is right. The government has tried making nice with the Trump administration on a string...
Canadian consumer confidence was largely unchanged in early August, according to the latest Bloomberg-Nanos Canadian Confidence Index. The index stood at 53.0, compared with 52.65 four weeks earlier and 52.81 the previous week. The reading remains above the neutral threshold of 50, indicating that positive assessments continue to slightly outweigh negative ones.
Canada's job market took a leap toward recovery in July, adding 75,000 jobs, but economists say there's still a long road ahead before the Bank of Canada considers tightening policy. Statistics Canada said on Friday the unemployment rate fell to its lowest level in two years to 6.4 per cent. Economists in a Reuters poll ahead of the release predicted...
KPMG’s study of major players in the country’s economy showed broad support for the Carney government’s agenda, including streamlining approval processes and construction of a new West Coast oil pipeline.
As the affordability crisis and overall inflation continues to impact Canadians across the country, a new national survey from Narrative Research showed 76 per cent said the cost of food and groceries had the biggest impact on their household finances. Forty-seven per cent said gas is also a significant financial pressure, followed by mortgage and rent at 33 per cent...
Feds pledging major investments to grow Canada's food processing industry. Inside their demonstration plant in Benmiller, Ont., Martin VanderLoo and Graham Markham are working to prove a point: Canada can generate a big economic boost and strengthen its food sovereignty by processing more food at home. The two men are focused on soybeans, a legume that Canada grows millions of...
Canada's economy grew by 0.3 per cent in May, continuing the country's growth for a second straight month and putting the economy on track for a solid second quarter, according to Statistics Canada. The increase topped Statistics Canada's own initial estimate for 0.1 per cent growth in the month. The agency says 13 of 20 industrial sectors — including construction...
Toronto will be teeming with movie stars in the middle of September as the city holds one of the world’s most prestigious film festivals. This year, the Hollywood types will be joined by some of the biggest names in global finance.
Canadians are shaking off months of economic pessimism as worries about weak growth and higher energy prices fade. The Bloomberg Nanos Canadian Confidence Index rose to 52.55 in the week ended July 24, up from the recent trough of 46.31 at the beginning of April. A reading above 50 indicates net positive views.
Canadian consumer confidence remained modestly positive in late July. The Bloomberg Nanos Canadian Confidence Index registered 52.55, slightly above its level four weeks earlier. Assessments of personal finances and job security were stronger, with the Pocketbook Index at 54.84, while views on the economy and housing market were more restrained, with the Expectations Index at 50.27. Overall sentiment remained above...
A generation that expected to enjoy a higher standard of living than its parents instead risks inheriting slower growth, fewer opportunities, and permanently diminished prosperity.
U.S. Trade Representative Jamieson Greer grew up in a mobile home in Paradise, Calif. He insists that it wasn’t in a mobile home park, it was just a mobile home. That should tell you something about the man charged with implementing Donald Trump’s trade policies.
The annual rate of inflation eased back below three per cent in June as motorists paid less to fill up the gas tank, Statistics Canada said Monday. Inflation slowed to 2.8 per cent in June, down from the recent high of 3.2 per cent in May and a tick lower than most economists were expecting. The agency pointed to a...
Canadian consumer confidence eased this week, with the Bloomberg Nanos Canadian Confidence Index declining to 51.43 from 52.65 the previous week. The index remains below its 2026 high of 54.19 and well below the peak recorded in 2021.
Peter Nicholson: Thanks, Chris. Since the events of July 2 we have quite a bit more information on the agreement between Canada and Alberta over the rules that are going to govern both the pipeline and oil sands production developments. I think there is a growing recognition that a pipeline shouldn’t be a “field of dreams” – that it is...
The Bank of Canada is holding its policy rate at 2.25 per cent and says that it expects the Canadian economy to improve, despite flatlined growth over the past 18 months. But there are big caveats. Although the economy is showing signs of improvement and inflation is easing, the BOC’s new monetary policy report released today warns that uncertainty driven...
A better start to the youth summer jobs market helped the economy record steady employment gains in June, Statistics Canada said Friday. Employers added 18,000 jobs last month, the agency said, mostly in part-time and private sector work. That pushed the unemployment rate down a tenth of a point to 6.5 per cent, back to where it stood in January...
The research gauged the views of Canadians on Prime Minister Mark Carney’s job of handling the economy.
Canada’s economic confidence has remained broadly stable. The Bloomberg-Nanos Canadian Confidence Index stood at 51.24, slightly higher than four weeks earlier and just above the neutral benchmark. Views on personal finances and job security were largely unchanged, while expectations for the economy and housing have improved modestly.
Foreign investors including pension funds, insurance companies and hedge funds are buying Canada’s federal bonds in record amounts, easing the cost of funding Prime Minister Mark Carney’s expensive nation-building projects but potentially introducing more volatility to Canada’s debt market.
The Canadian economy was back in growth mode to start the second quarter, rebounding from a mild contraction in the first three months of 2026. Statistics Canada said Tuesday that real gross domestic product rose 0.5 per cent in April, the fastest growth rate for the economy since July 2025. The result topped StatCan's early estimate for 0.4 per cent...
It's going to be a blockbuster kind of week for the Canadian economy. The deadline to renew CUSMA will (almost assuredly) swoosh by on Wednesday, accompanied by a chorus of commentary and recriminations. Before we get there, we will get the latest GDP numbers for April on Tuesday. The economy has been struggling to find its footing. We experienced back-to-back...
Canadian economic sentiment remains stable. The Bloomberg‑Nanos index stood at 50.88, up from 50.70 four weeks earlier and close to neutral. Current conditions eased slightly, with the pocketbook measure at 51.82, while expectations rose to 49.93. Overall levels remain below the longer-term average of 54.73 and the recent peak of 54.19, suggesting a broadly balanced but somewhat cautious economic outlook.
What’s worse: That Donald Trump wants to break off trade with Canada, or that the U.S. president doesn’t want us to trade with anybody else? Never before as a country have we been so outraged into collective retaliation as we have by America’s rejection of us, its closest trading partner. But whatever we may think of America’s political trajectory, the...