https://www.bnnbloomberg.ca/video/closer-look-at-the-economy-and-currencies~2938868
The Canadian economy does look like it's coming off a bottom: strategist. Karl Schamotta, chief market strategist with Corpay, joins BNN Bloomberg for a closer look at Canada's economy and offers his view on the markets. Add to Playlist.

https://www.bnnbloomberg.ca/video/the-canadian-economy-does-look-like-it-s-coming-off-a-bottom-strategist~2938868
North American leaders face criticism. Fri, Jun 28, 2024 10:00 AM EDT. Add to Playlist. 1. Karl Schamotta, chief market strategist with Corpay, joins BNN Bloomberg for a closer look at Canada's economy and offers his view on the markets.

https://www.cbc.ca/news/business/armstrong-bank-of-canada-economy-recession-1.7239779
Population growth. Another key concern is how the economy adjusts to population growth. New figures released this week show Canada's population surpassed 41 million people in the first quarter of

https://thoughtleadership.rbc.com/canadas-growth-challenge-why-the-economy-is-stuck-in-neutral/
Canadian businesses invest substantially less than in the U.S.—about half as much per worker in aggregate. That underperformance intensified following the 2008-09 global financial crisis and through the oil price collapse of 2015, and worsened following the pandemic as higher interest rates hit the Canadian economy harder than the U.S.

https://www.cbc.ca/news/business/canada-gdp-q4-2023-1.7129323
StatsCan says aside from first year of pandemic, growth in 2023 rose at slowest pace since 2016. Shoppers are seen at a Toronto grocery store on Feb. 2. While consumer spending was up for the

https://www.bcbc.com/insight/oecd-predicts-canada-will-be-the-worst-performing-advanced-economy-over-the-next-decade-and-the-three-decades-after-that/
Other countries are predicted to move ahead of us in making their economies more productive while Canada's economy stagnates. Canada will be the worst performing advanced economy over 2020-2030. The same OECD report offers insights on whether Canadians can look forward to meaningful gains in average living standards in the decades to come

https://www.reuters.com/markets/why-is-canadian-economy-strong-despite-record-pace-rate-hikes-2023-06-12/
Despite the fastest monetary tightening cycle in the country's history, Canada's economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year

https://www.thestar.com/business/the-numbers-don-t-lie-why-the-canadian-economy-is-already-in-much-better-shape/article_10616ad9-b84e-5392-91c0-d0419dbd9d42.html
Considering the economic double-whammy suffered by Canadians — a COVID-19-triggered economic shutdown and a collapse in global oil demand — Canada is recovering sooner than we had reason to

https://ia.ca/economic-publications/posts/2022/july/the-canadian-economy-why-is-it-in-good-shape
It's been pretty resilient over the last few decades and we're in a good spot today. So that's very, very good news. And Canada's economy, when I say it's resilient, it was, among the developed countries, one of the best performing economies through the financial crisis of 2008. It went well through the COVID crisis.

https://www150.statcan.gc.ca/n1/pub/36-28-0001/2022010/article/00001-eng.htm
2022-10-28. This article provides an integrated summary of recent changes in output, consumer prices, employment and household finances. It highlights changes in the economic data during the first half of 2022 and into the summer months. The article also examines how economic conditions have changed as borrowing costs have risen.

https://www150.statcan.gc.ca/n1/pub/36-28-0001/2021010/article/00002-eng.htm
The headline decreases in April and May were -0.9% and -0.5%, respectively. Accommodation and food services fell 11% over this two-month period, while retail volumes were off by 8%. Return to note referrer. Note 6. June's headline increase was 0.6%, bringing economy-wide output to within 2% of its pre-pandemic level in February 2020.

https://www.theglobeandmail.com/business/article-boc-macklem-canada-economy-soft-landing/
Bank of Canada governor Tiff Macklem said the Canadian economy appears to be on track for a soft landing where inflation falls back to the bank's target without a major spike in unemployment.

https://thoughtleadership.rbc.com/canadas-economy-is-beating-expectations-but-for-how-long/
ONTARIO - Economy set to lose steam. Ontario's economy built quite a head of steam in the past couple of years, which continued to power growth in the early months of 2023. Higher interest rates did cool the housing market dramatically and dampen consumer spending, but their broader impact has yet to be felt.

https://capitalmarkets.bmo.com/en/news-insights/markets-plus/research-strategy/2024-canada-economic-outlook-yielding-to-reality/
Although the economy has managed to avoid a recession, it's seeing only very modest growth, which we believe will likely continue before we see some improvement by late 2024. Bottom line, BMO expects the Canadian economy to trail behind the U.S. over the next 18 months. The main reason mostly comes down to the consumer.

https://www.reuters.com/markets/view-canadas-economy-unexpectedly-contracts-q2-cementing-rate-pause-expectations-2023-09-01/
Canada's economy was down 0.2% on an annualized basis in the second quarter, lower than analysts' expectations, on declines in housing investment and smaller inventory accumulations, Statistics

https://www.morganstanley.ca/content/dam/mscanada/2022-ca-site-rebuild/reports/ENG-MSWM-Canada-Investment-Strategy-2024-Outlook-Jan-3rd.pdf
In 2023, the Canadian economy surprisingly held up to the extraordinary rate hikes by the BoC, the wildfires that impacted a number of provinces, and numerous union strikes. As we look ahead, the housing market may a dominant source of risk to consumption if mortgage rates remain at current levels for the next few years when the majority of

https://www.fraserinstitute.org/article/canadas-economy-is-not-booming-its-stagnating
In the latest example of a recurring theme, federal Finance Minister Chrystia Freeland, speaking during a recent event in Quebec City, touted Canada's economic growth, the "strongest" in the G7, and said she's "never been more optimistic about the future" of the Canadian economy. In other words, the economy is booming. It's hard to overstate the misleading nature of this

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-canadian-economy-going-nowhere-bmo-macro-strategist/
BMO's Canadian rates and macro strategist Benjamin Reitzes's latest report is titled "Canadian economy going nowhere": "Just ahead of the holidays, Statscan revealed that Canadian GDP

https://www150.statcan.gc.ca/n1/pub/36-28-0001/2022003/article/00004-eng.htm
Economic growth strengthens as exports and investment continue to recover. Real gross domestic product rose 1.6% in the fourth quarter, after advancing 1.3% in the third. Inventory buildups contributed substantially to growth in late 2021 as stockpiles rose in manufacturing and wholesaling (Chart 1).

https://globalnews.ca/news/9803771/canada-gdp-april-2023/
"The bigger picture is that the Canadian economy is managing to keep its head above water in the face of many challenges," he said. BMO revised up its GDP expectations for the second quarter

https://financialpost.com/news/mortgage-crunch-hits-canada-economy
The FOMC is expected to leave its rate unchanged at 5.25 to 5.50 per cent, but investors will watching for guidance on the year ahead. The European Central Bank announces its decision on rates Thursday. Central bank watchers in Canada will be watching Bank of Canada governor Tiff Macklem when he speaks at the Canadian Club of Toronto Friday.

https://www.morganstanley.ca/content/dam/mscanada/2022-ca-site-rebuild/reports/ENG-MSWM-Canada-Investment-Strategy-2024-Outlook-FINAl-Clean.pdf
• Our base-case scenario for the Canadian economy is a soft-landing in 2024, but we see risks skewed to downside , as tighter monetary policy weighs on growthEmployment, housing, and a. potential global recession are the biggest threat s to our outlook for Canadian growth, inflation, and interest rates.

https://www.investopedia.com/articles/investing/042315/fundamentals-how-canada-makes-its-money.asp
Canada has the ninth-largest economy in the world as of 2022, with a GDP of $2.14 trillion in USD. International trade, including both exports and imports, is a large component of Canada's economy

https://financialpost.com/fp-work/big-stay-takes-hold-canada-economic-concerns-deepen
"If job seekers are less optimistic about the economic situation, they may hold off on exploring the unknown with a new employer, especially if their existing position is tolerable," said Bernard. In April, net job security plunged to 44.9 per cent, its lowest level since May 2020, according to a Nanos Research Group poll for Bloomberg News.

https://financialpost.com/executive/posthaste-which-party-will-be-better-for-canadas-economy-theres-one-that-may-have-a-marginally-better-plan
Given Canadian indecision, we will likely have a minority government, but CIBC chief economist Avery Shenfeld believes neither major political party, if elected, will rock the boat — especially in comparison to countries like the United States and the United Kingdom where the main political parties are poles apart on key issues.

https://www.bnnbloomberg.ca/statistics-canada-reports-wholesale-sales-up-2-4-in-april-1.2085411
The Canadian economy does look like it's coming off a bottom: strategist VIDEO SIGN OUT Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 2.4 per cent to $83.3 billion in April.

https://www.broadbentinstitute.ca/bc_economy_in_2030
A successful economy in 2030 will be made possible by building adaptability into every strategy we develop. An approach that supports us to more quickly identify shifts, then collaborate to make adjustments and leverage shared capabilities toward joint economic wins, will open the future up to us in BC.