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Economic Commentary

Apr 30, 2026

Canada’s economy on pace to rebound in the first quarter

Progress continued in February, with the Canadian economy on track to exceed growth expectations this year. The BDL nowcast for GDP points to a softer first quarter, at just 1.2%.

Economic Commentary

Apr 28, 2026

Use it while you can: The federal government spends its growth-driven fiscal windfall

The federal government presented its Spring Economic Update with improved fiscal and economic conditions and spent most of its available fiscal room, rather than setting any aside as a buffer.

Economic Commentary

Apr 24, 2026

A Solid Start, but Signs of Fatigue Emerging: Retail Sales February 2026

A second straight gain in retail sales masks a softer reality, with underlying momentum fading as consumers face rising cost pressures.

Economic Commentary

Apr 20, 2026

Inflation rises on energy shock, but underlying price pressures muted.

March 2026 inflation grew 2.4% year-over-year compared to 1.8% in February.

Economic Commentary

Apr 10, 2026

Sticky hiring, but wage growth at its highest since 2024: Labour Force Survey March 2025

Canada’s labour market remained stable but subdued in March, as hiring slowed and unemployment held steady, while strong wage growth emerged as the key bright spot amid ongoing economic uncertainty.