Economic Indicators

Back to reality: Canada’s GDP slips in August

Details on the first monthly pullback since October 2016

By Staff, with files from The Canadian Press |October 31, 2017

3 min read

Expect losses for the loonie

All signs point to downside ahead for the loonie. “The Canadian dollar is still mispriced,” says Benjamin Tal, deputy chief economist at CIBC World Markets, in a weekly economics report. “Too many factors are pointing in unison to one direction: a lower loonie.” Read: What’s next for economy and loonie First off, he notes the […]

By Staff |October 27, 2017

2 min read

StatsCan data offer insight on your immigrant-client’s income

StatsCan census data from 2016, released this week, shed light on your immigrant clients’ financial status, as summarized in an economics report by Scotiabank economist Marc Desormeaux. For example, immigrant incomes in 2014 were 86% of Canadian-born workers’ earnings, he finds. Last year, a StatsCan report revealed that, one year after immigration, the median employment […]

By Staff |October 27, 2017

2 min read

Small business optimism up slightly in October: CFIB

Small business owners’ outlook improved in October after declining for four straight months thanks to improved sentiment in the agriculture, resources and retails sectors, according to the monthly index from the Canadian Federation of Independent Business (CFIB). The organization’s Business Barometer is based on a national survey of 727 small business owners. The index moved […]

By Staff |October 26, 2017

2 min read