Confidence Continues Its Upward Climb

Canadian Economics    July 24, 2025

As it approaches its next policy decision, the Bank of Canada will need to carefully weigh a complex set of macroeconomic indicators. Moderating inflation, coupled with some labour market softening in the first half of the year, suggests that slack is gradually emerging in the economy.

Quick take  •  3-min read
Loubna Zebiri

No Summer Lift for Business Confidence

Canadian Economics    July 16, 2025

Business confidence remains deeply subdued. The Index of Business Confidence decreased by 1.5 points this quarter, falling to its lowest level outside of the pandemic. Although less steep compared to last survey’s double-digit decline, the downward trend still reinforces a broader sense of caution.

Quick take  •  3-min read
Jake Lenarduzzi

CPI Growth Picks up in June as Some Tariff Impacts Appear

Canadian Economics    July 15, 2025

Canada’s inflation rate rose in June, even as the headline figure remained below the Bank of Canada’s 2 per cent target. The repeal of Canada’s carbon tax continued to keep headline inflation down, bringing gasoline prices sharply lower than at the same time last year. However, rent price growth, which had been decelerating due to weaker population growth, picked up slightly in June.

Quick take  •  2-min read
Kiefer Van Mulligen

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