Commentaries
December 12, 2024
Canadian Household Balance Sheet (2024 Q4)
Canadian household wealth increased for the fourth consecutive quarter, driven by gains in financial assets. Further growth is anticipated in Q4 as North American equity markets continue to reach new record highs. An additional tailwind should come from rising home prices as consecutive 50-basis-point cuts from the Bank of Canada fuel a re-acceleration in housing activity.
November 29, 2024
Canadian Quarterly GDP (Q3 2024)
Canadian economic growth came in as expected in 2024 Q3. And even though the headline print doesn't look encouraging, the underlying fundamentals remain strong. The lifeblood of the economy is the Canadian consumer, and they have been carrying the weight over 2024. As interest rates continue to fall alongside a wave of government stimulus over the coming months, we are looking for consumer spending to keep lifting GDP through at least the first half of 2025.
October 11, 2024
Bank of Canada Business Outlook Survey and Canadian Survey of Consumer Expectations (2024 Q3)
According to the Bank of Canada Business Outlook Survey (BOS), Canadian business sentiment remained below its historical average though it saw a slight improvement in the third quarter of 2024. The BOS indicator, a statistical summary of survey results, was -2.33 in 2024 Q3 (vs. -2.88% in 2024 Q2).
