How lowering the number of non-permanent residents will impact Canada’s economy

How lowering the number of non-permanent residents will impact Canada’s economy

 April 05, 2024 |Nathan Janzen
Federal government efforts to limit non-permanent resident arrivals will likely slow the pace of gross domestic product growth in 2025 and beyond. However, per-capita GDP, the unemployment rate, broader inflation pressures, and interest rate expectations...
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Market Comment - April

 April 04, 2024 |Paul Belous, CIM - Senior Portfolio Manager
The first quarter has come to a close and it has been a very strong one for markets. The U.S. Federal Reserve and the Bank of Canada have both held interest rates with the conversation still leading toward possible cuts. Earnings and growth for corporations...
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End of Quebec public sector strike boosts Canadian GDP in January

End of Quebec public sector strike boosts Canadian GDP in January

 March 28, 2024 |Claire Fan, Economist | Royal Bank of Canada

We continue to look for the Bank of Canada to start cutting interest rates in June.

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U.S. Fed still expecting rate cuts but risks tilted to slower pace

U.S. Fed still expecting rate cuts but risks tilted to slower pace

 March 20, 2024 |Nathan Janzen

All but two FOMC participants continue to expect interest rate cuts this year.

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PIM Portfolio Update

 March 19, 2024 |Paul Belous, CIM - Senior Portfolio Manager
Today we await the Federal Reserve decision which is more then likely to hold steady on rates. The surprise has been the economy still going strong in the U.S. which may lead the Federal Reserve to stretch the timing of a rate cut decision out even further...
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Bumpy recovery for Canada’s housing market

Bumpy recovery for Canada’s housing market

 March 18, 2024 |Robert Hogue
February offered valuable clues on the direction Canada’s housing market is taking. Improving sentiment among buyers and sellers—no doubt stoked by growing expectations the Bank of Canada’s next move will be a rate cut—halted the series of monthly price...
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A Growing Problem: How to align Canada’s immigration with the future economy

 March 13, 2024 |Benjamin Richardson & Cynthia Leach

The mismatch in immigrants' skills and the labour market’s long-term needs, along with pressure on the country’s infrastructure capacity is leading to negative economic outcomes.

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BoC holds rates steady in March

BoC holds rates steady in March

 March 07, 2024 |Claire Fan, Economist, Royal Bank of Canada

The Bank of Canada (BoC) held the overnight rate unchanged for a fifth consecutive meeting, extending a pause that started after the last hike in July last year. 

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Market Commentary - March

 March 01, 2024 |Paul Belous, CIM - Senior Portfolio Manager
North American stock markets continued their upward trend in February. We finally started to see the rally move into other areas rather than the seven stocks that have been receiving all the attention. I do feel the excitement around the Federal Reserve...
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Proof Point: Weak productivity is threatening Canada’s post-pandemic wage growth

 February 28, 2024 |Nathan Janzen
Canadian wage growth has been unusually high, but looks more modest when measured against surging inflation and relative to acute labour shortages earlier in the pandemic recovery. Now lagging productivity in Canada (along with a softening labour market...
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