Canada’s consumers are alive and kicking and on track to post the strongest back-to-back quarterly gains in retail sales volumes in a decade (chart 1). The last time we saw 5%+ quarterly annualized ...

In September, retail and wholesale activity signaled a further contraction in consumption. Retail sales dropped for the fifth consecutive month, this time by -1.5% y/y (vs -1.2% expected, -0.8% ...

The main market driver this morning comes to us from the Eurozone where a sharp weakening in the PMIs has prompted accelerated bets on ECB policy easing. Pricing for the December 12 th ECB meeting ...

Eat, shop, and not necessarily in that order. American Thanksgiving on Thursday and the 1pmET (NYSE) and 2pmET (bond market) closes the day before will likely mean that most of the week’s developments ...

Budget balance forecasts: $4.6 bn (1.0% of nominal GDP) in FY25—an improvement of $4.2 bn versus Budget 2024 (chart 1). Net debt: revised down by $4 bn in FY25; as a share of nominal output, net debt ...

Listen nowPerspectives podcast: Why Canadians are approaching this holiday spending season with ‘caution’ ...

On Thursday of last week—the day before the Economic Package presentation—the credit rating agency Moody’s changed Mexico’s credit rating outlook from stable to negative. The statement indicates that ...

Budget balance projections: -$11 bn (-1.8% of nominal GDP) in FY25, -$9.2 bn (-1.5%) in FY26 (all figures after deposits into Generations Fund)—a slight deterioration from Budget 2024 projections; a ...

Stocks are mostly higher and sovereign bond yields mostly lower so far this morning. NA equity futures and European cash markets are broadly higher. Sovereign bonds are mostly bid with yields ...

On Wednesday, November 20 th, DANE published the import data for September 2024. Imports reached USD 5.16 bn CIF, a level lower than that of August 2024 (-6.7% m/m) but registering a growth of 4.4% in ...

Indigenous economic power is seeing “hockey-stick growth” and is an opportunity, Indigenomics Institute CEO tells Scotiabank ...

The central bank (BanRep) released their survey of economists’ expectations for November. Inflation expectations reflect the downside surprises of the last two months, showing lower inflation for the ...