Updated Publications
May 19, 2026
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
As the conflict in the Middle East extends deeper into the year, this quarter's Q&A focuses on what it means for the global economy, inflation and interest rates. We also take a look at the risks creeping into private credit, job creation and where things stand on U.S. tariffs and the upcoming USMCA review. For Canada, we tackle whether various government policy initiatives can move the needle on investment and the struggling housing sector and potential economic impacts from the World Cup games.
May 12, 2026
Commodities Quick-Take
Energy markets have diverged sharply. Crude oil prices remain elevated amid persistent supply disruptions related to the U.S-Iran conflict. Meanwhile, North American natural gas prices are comparatively subdued despite global LNG tightness. Base metals are finding a floor despite macro headwinds. Uneven global demand and restrictive financial conditions are being offset by increasingly binding supply constraints, particularly for copper and aluminum, helping keep prices on the firm side into 2026.




