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Updated Publications
Commodities Quick-Take
Idiosyncratic factors are driving divergences in energy commodities. Oversupplied crude oil markets are weighing on the price outlook, while robust LNG demand has been bidding up natural gas. Base metals prices have been pressured higher following sharp tariff-induced selloffs earlier this year. Still-sluggish global demand will likely be offset by ongoing supply concerns, keeping metals prices on the firm side in 2026.
November 27, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
It's hard to write anything these days without addressing the impact of tariffs, but this quarter bubbled up many other issues for our Q&A. The effects of the U.S. government shutdown, signals from the labor market and the Fed's next interest rate move are also examined. For Canada, policy shifts are in the spotlight, with the federal budget, immigration and the Bank of Canada's move to the sidelines all addressed.
November 25, 2025
Latest Research
Global Trade Disrupted: Early Impacts of U.S. Tariffs
The dramatic increase in U.S. tariffs in 2025 has led to volatility in the trade data that makes it difficult to analyze trends. Despite these distortions, there is early evidence that underlying growth in U.S. imports has slowed.
November 05, 2025
Updated Publications
Global Quarterly Economic Forecast
Despite all the twists and turns in U.S. trade policy, our forecast for the global economy is broadly unchanged from our June view. Ditto for the U.S. economy, at least on the surface. Consumers have pulled back as the labor market has cooled, but that has been offset by strong business investment. The Fed is expected to cut interest rates further to support the labor market that has cooled further than previously believed.
September 18, 2025
Latest Research
Canadians Need to Think Strategically on Electric Vehicles and China
Technological and production cost reduction advancements by Chinese automakers and battery manufacturers present an opportunity for Canada to diversify its electric vehicle supply chains through strategic partnerships. This could help Canada's auto industry to accelerate innovation, reduce production costs and increase the variety of EV models offered to consumers.
September 08, 2025
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Updated Publications
Updated Publications
Commodities Quick-Take
November 27, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
November 25, 2025
Updated Publications
Global Quarterly Economic Forecast
September 18, 2025
Updated Publications
G-7 Inflation Update: Energy Prices Erode Spending Power
May 20, 2022
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Updated Publications
Commodities Quick-Take
November 27, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
November 25, 2025
Updated Publications
Global Quarterly Economic Forecast
September 18, 2025
Updated Publications
G-7 Inflation Update: Energy Prices Erode Spending Power
May 20, 2022
View more updated publications
Latest Research
Latest Research
Global Trade Disrupted: Early Impacts of U.S. Tariffs
November 05, 2025
Latest Research
Canadians Need to Think Strategically on Electric Vehicles and China
September 08, 2025
Latest Research
Tails We Win, Heads You Lose
September 02, 2025
Latest Research
China’s Economy Under Tariffs
July 16, 2025
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Next
Latest Research
Global Trade Disrupted: Early Impacts of U.S. Tariffs
November 05, 2025
Latest Research
Canadians Need to Think Strategically on Electric Vehicles and China
September 08, 2025
Latest Research
Tails We Win, Heads You Lose
September 02, 2025
Latest Research
China’s Economy Under Tariffs
July 16, 2025
View more latest research
Commentaries
Commentaries
U.S. Cuts Its First Trade Deal With UK – More Symbolic than Economic
May 08, 2025
Commentaries
Update on U.S. Steel and Aluminum Tariffs
February 12, 2025
Commentaries
China Stimulus Announcements (September 2024)
September 26, 2024
Commentaries
OPEC+ Extends Cuts and Plans for Production Increases
June 03, 2024
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Commentaries
U.S. Cuts Its First Trade Deal With UK – More Symbolic than Economic
May 08, 2025
Commentaries
Update on U.S. Steel and Aluminum Tariffs
February 12, 2025
Commentaries
China Stimulus Announcements (September 2024)
September 26, 2024
Commentaries
OPEC+ Extends Cuts and Plans for Production Increases
June 03, 2024
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