Bloomberg: The #BankofCanada is almost universally expected to hold rates steady this week, but markets are now almost fully pricing in an increase by October after data showed unexpected strength in the #labormarket. #BOC #cdnecon

Strong jobs report from StatCan this morning. Employment rose 54k in November, and unemployment fell to 6.5%, down 0.6 points from its peak.

More details here: https://www150.statcan.gc.ca/n1/daily-quotidien/251205/dq251205a-eng.htm #cdnecon

Canadian oligarchs gonna oligarch.

You know, oligarch priorities...

Canadians are gouged at Weston grocery stores, whilst the Thomson family spins it in the media that this is fine and Canadians should STFU... whilst they bid on baubles.

Why not take those millions and help Canadians?

https://www.ctvnews.ca/business/article/thomson-weston-families-win-hudsons-bay-charter-auction-retailer/

#cdnpoli #polcan #cdnecon

Bill Slater, president of local 2724, said they knew layoffs were coming because of the introduction of the electric arc furnaces, but U.S. President Donald Trump’s tariffs accelerated the job losses. #CdnEcon #Cdnpoli www.thetrillium.ca/news/governm...

Algoma Steel laying off more t...

Today's data: GDP growth for the third quarter of 2025. Positive growth of 0.6% compared to Q2 (annualized rate of 2.6%). A strong report overall, headline growth beat expectations.

Details from StatCan here: https://www150.statcan.gc.ca/n1/daily-quotidien/251128/dq251128a-eng.htm #cdnecon

2 BMO: The #travel #services #surplus was little changed as #Canadians spent less money abroad (in both #U.S. and non-U.S. destinations) but #international #travellers (including #students) spent less money in #Canada #cdnecon #trade

1 BMO: Canada’s #services #trade account improved to a $0.5 bln #surplus in Q3, from a $0.7 bln deficit in Q2, largely on a bigger surplus in commercial services. 🧵 #Canada #cdnecon #currentaccount

“ #Spain got here from a starting point, only a few years ago, resembling Canada’s current position – that is, stuck in the #growth and #productivity doldrums.” www.theglobeandmail.com/opinion/arti... #Canada #cdnecon

Opinion: Spain has become an e...

🤔 Rosenbluth Lecture featuring James Galbraith: North America in the world economy. https://youtu.be/EIc9jOHRFy4?si=nbGePteiW2ugTT3I via CCPA #cdnecon #usecon #cdnpoli #uspoli #ai #llm #aihype #econ #canlab #labour #labor

An important step for internal trade! The “Canadian Mutual Recognition Agreement” signed yesterday could yield real economic gains: https://www.ctvnews.ca/canada/article/new-trade-deal-to-chop-red-tape-knock-down-trade-barriers-across-canada/

For some analysis on what MR means, see this by me and Ryan Manucha: https://macdonaldlaurier.ca/liberalizing-internal-trade-through-mutual-recognition-a-legal-and-economic-analysis/ #cdnecon #cdnpoli

Today's data: inflation 📈 https://www150.statcan.gc.ca/n1/daily-quotidien/251117/dq251117a-eng.htm

Consumer prices rose 2.2% since October 2024. But since it matters what you buy, experiences vary. Lower-income, single renters faced highest increases. Relevant to understand affordability concerns. #cdnecon #cdnpoli

“The #Nobel laureate #economist, a native of #Guelph, Ont., believes the success formula for a thriving #economy is #freetrade, #competition and a #skilled #workforce.” #Canada #cdnecon www.thestar.com/business/can...

Here's what Canada can learn f...

The federal budget hopes to boost growth by ~0.7%/yr (+3.5% by 2030). Even if we exceed U.S. growth by that much, we won't regain our pre-2015 position until 2050.

My latest for @TheHubCanada on our long-term challenge ahead: https://thehub.ca/2025/11/12/is-budget-2025-enough-to-reverse-canadas-economic-decline/ #cdnecon #cdnpoli

“The common thread in this onslaught of new #legislation is the dangerous #centralization of #power within the #PrivyCouncilOffice (to host the #FederalMajorProjects initiative) and in #provincial #cabinet offices.” www.thestar.com/opinion/cont... #cdnecon #Canada #MarkCarney #Ontario #RingofFire

Mark Carney is flooding the zo...

2 CIBC: While the composition of #jobs wasn't as strong as in the prior month ( #fulltime positions actually fell in October), that doesn't do too much to detract from the stronger than anticipated headline reading. #cdnecon

1 CIBC: The #Canadian #labour market's post summer surge continued into Oct, w a 67K gain in jobs much > the consensus forecast (-5K) & enough to bring the #unemployment rate back below 7%. #Job gains were strong in the wholesale & retail, transportation + info & recreation sectors 🧵 #cdnecon

It was billed as an investment budget—and in its framing, it’s right about the problem. But on the numbers, it offers more continuity than change.

My contribution to @TheHubCanada’s roundup on Budget 2025: https://thehub.ca/2025/11/05/more-continuity-than-change-the-hub-reacts-to-mark-carneys-big-spending-budget/ #cdnecon #cdnpoli

2 BMO: “There is no path back to balance in the forecast from these levels, and #deficits persist above $50 billion by FY29/30, or around 1.5% of GDP, even when the #economy returns to sturdy potential growth” #Canada #budget #cdnecon

1 BMO: The #FY25/26 #budget #deficit is estimated at $78.3 billion (2.5% of GDP), about in-line with what was expected, before narrowing somewhat to $65.4 billion (2.0% of GDP) for FY26/27. 🧵 #cdnecon #federalbudget

2 BMO: “We’ll stop short of calling it transformational; and we’ll also stop short of pulling the fiscal alarm.” #Canada #federalbudget #cdnecon