Manufacturing Sales Drop in September Leads to Fourth Consecutive Quarterly Decline

Canadian Economics    November 15, 2024

Manufacturing sales fell for a second consecutive month in September, weighing on sales in the third quarter of 2024 overall. Lower sales of petroleum and coal were the largest driver of the drop in September. Lower energy prices were partly to blame, though weak global demand for energy also played a role.

Quick take  •  2-min read
Kiefer Van Mulligen

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More of the Same: Job Growth Stalls in October

Canadian Economics    November 8, 2024

In October, job gains stalled following two months of growth. While inflation is largely under control, the economy is subdued and confidence among businesses and consumers has yet to recover. With nearly a third of Canadians residing in households that struggled to meet their financial needs in October, reviving Canada’s sluggish labour market is crucial.

Quick take  •  3-min read
Liam Daly

Business Confidence Still Searching for Rhythm

Canadian Economics    November 7, 2024

The Index of Business Confidence has yet to experience a significant bounce back after declining for nine consecutive quarters between 2021 and 2023. In October, the Index decreased by 2.4 points, reversing a 2.1-point increase seen in July. More than 30 per cent of survey respondents pointed to seven key factors that are adversely affecting their planned investment expenditures.

Quick take  •  3-min read
Jake Lenarduzzi

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