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.

March 17, 2026 Global Quarterly Economic Forecast The Middle East conflict has not just lifted oil prices, but forecast uncertainty is even snaking its way into other areas like food security for some nations. The economic fallout hinges on duration. Our baseline outlook assumes a short-lived conflict, implying a temporary impact on inflation and growth; a prolonged escalation would materially worsen the global outlook.

November 27, 2025 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.

May 20, 2022 G-7 Inflation Update: Energy Prices Erode Spending Power