Europe
October 28, 2026
How Much Can Europe Help Canada Diversify Its Trade?
In terms of building trade and financial ties with the EU, Canada starts from a modest position. Despite a stronger investment relationship, Canada currently supplies only around 1% of EU goods and services imports. Although the benefits of the CETA free trade agreement between Canada and the EU have (gradually) emerged, regulatory barriers, geography and established commercial relationships with other trading partners continue to limit progress.
October 14, 2026
France’s Bond Warning: Higher Yields Meet Fiscal Doubt
France's government bond yields have risen more sharply than those of the United States and many other developed economies during the recent sell-off. The underperformance reflects growing concern about political uncertainty and a weak fiscal outlook.
March 27, 2025
The Times They Are A-Changin’: Germany and the E.U.’s Economic Outlook
After two years of weak growth, Germany and much of the E.U. looked to be set for another tepid year in 2025. However, Germany’s incoming government looks to be going beyond added defense outlays and funding much-needed infrastructure investment. Our new outlook incorporates the increased German public investment spending linked to the new infrastructure fund.
February 12, 2025
Update on U.S. Steel and Aluminum Tariffs
The White House has announced the restoration of Section 232 Tariffs on Steel and Aluminum that were originally imposed in 2018. The rate on steel will return to the 25% implemented in 2018, while the rate on aluminum will rise to 25%, from 10% previously.
September 25, 2024
From Laggard, to Leader, and Back Again: Germany’s Malaise
Germany’s economic growth has underperformed the broader euro area for its longest stretch since the collapse of communism in eastern Europe led to German reunification. The current malaise is also the result of a supply shock but different from the last period of underperformance. It is expected to be less lasting too, and fade in 2025.
