Figures, observations and interpretations of economic news.
- More than a Year into Central Banks’ Battle, Inflation Is Easing but Still a Concern
(PDF, 539 KB) - This link will open in a new window.
- April 21, 2023 - Charting a Course to a Bright Future: How Canadian Youth Are
Navigating Education and Employment (PDF, 5.16 MB) - This link will open in a new window.
- April 17, 2023 - A Budget Season for the Books - Four Strong Winds Blew Through the 2023 Fiscal
Plans in Canada’s Provinces (PDF, 449 KB) - This link will open in a new window.
- April 4, 2023 - Federal Budget 2023 Preview: Champagne Taste on a Beer Bottle Budget
(PDF, 404 KB) - This link will open in a new window.
- March 22, 2023 - Ontario Housing Market Outlook: It All Comes Down to Location, Location,
Location (PDF, 2.11 MB) - This link will open in a new window.
- March 6, 2023 - Canadian Residential Real Estate Outlook: The Housing Market Rout
May Not Be as Bad as We Once Feared (PDF, 1.97 MB) - This link will open in a new window.
- February 9, 2023 - For Canada’s Newest Immigrants, The West Is
BestAssessing the Provincial Impacts of Ottawa’s Latest Immigration Target Increase (PDF, 1.76 MB) - This link will open in a new window.
- February 8, 2023 - Desjardins Provincial Outlook: Housing versus Commodities
(PDF, 1.95 MB) - This link will open in a new window.
- January 24, 2023 - Small Businesses: Heavyweights in Quebec’s Economy (PDF, 1.86 MB) - This link will open in a new window.
- January 16, 2023 - What To Watch in 2023It Will Get Worse before It Gets Better
(PDF, 1.82 MB) - This link will open in a new window.
- January 13, 2023
- 2022 Year in ReviewBack to Reality: Soaring Interest Rates, High
Inflation and a Housing Correction
(PDF, 1.86 MB) - This link will open in a new window.
- December 21, 2022 - Federal Fiscal Outlook: Stimulus Cheques and Sanity Checks
(PDF, 1.81 MB) - This link will open in a new window.
- December 15, 2022 - Five Takeaways from Mid-Year Updates in Canada’s Provinces What
to Expect for Provincial Finances During Next Year’s Recession and Beyond (PDF, 1.78 MB) - This link will open in a new window.
- December 14, 2022 - Immigration Nation: Economic Impacts of Federal Immigration Targets
(PDF, 1.77 MB) - This link will open in a new window.
- December 1, 2022 - The Great Resignation: A Distinctly American Phenomenon?
(PDF, 1.80 MB) - This link will open in a new window.
- November 29, 2022 - Back to the Future: What It Would Take to Get a 1990s-Style Recession in Canada
(PDF, 1.75 MB) - This link will open in a new window.
- November 24, 2022 - United States: The 2022 Midterm Elections and the US
EconomyA look at the issues and the potential economic fallout of the November 8 elections (PDF, 1.82 MB) - This link will open in a new window.
- November 2, 2022 - More Money, More Problems
What a Recession Could Mean for Ontario’s Budget Balance (PDF, 1.77 MB) - This link will open in a new window.
- November 1, 2022 - Federal Fiscal Update Preview: Federal Deficits are Smaller Than
Expected but Don’t Get Used to It
(PDF, 1.74 MB) - This link will open in a new window.
- October 28, 2022 - Small Business is Big Business in Ontario Positioning for PostPandemic Prosperity
(PDF, 2.44 MB) - This link will open in a new window.
- October 17, 2022 - All Canada’s provinces to feel fight against inflation, some will go into
recession (PDF, 2.02 MB) - This link will open in a new window.
- October 13, 2022 - Canadian Residential Real Estate Outlook
The Correction Continues, but Affordability Is Set to Improve in 2023 (PDF, 1.87 MB) - This link will open in a new window.
- October 6, 2022 - The Economic Slowdown Is Set to Hit Industry Where It’s Already Hurting
(PDF, 1.70 MB) - This link will open in a new window.
- October 5, 2022 - Hitting the Inflation Mark Means Aiming for a Recession
(PDF, 1.69 MB) - This link will open in a new window.
- September 23, 2022 - Can the US Weather a Recession without a Spike in Unemployment? (PDF, 1.79 MB) - This link will open in a
new window.
- September 20, 2022 - A Recession Seems Likely in Canada and Other Countries (PDF, 1.74 MB) - This link will open in a new
window.
- August 25, 2022 - Update to Our Canadian Residential Real Estate Outlook
A Sharper Correction but with Significant Differences across Provinces (PDF, 1.81 MB) - This link will open in a new window.
- August 11, 2022 - Supply Chains: Is the Worst behind Us? (PDF, 1.75 MB) - This link will open in a new window.
- August 10, 2022 - Recessions: We Don't Always Know Them When We See Them (PDF, 1.87 MB) - This link will open in a new
window.
- July 12, 2022 - Grading the Bank of Canada's Pandemic Response (PDF, 1.76 MB) - This link will open in a new
window.
- July 7, 2022 - Canadian Household Finances: What's Next for Budgets and Balance Sheets? (PDF, 1.90 MB) - This link will
open in a new window.
- July 6, 2022 - China's Economic Slowdown: Root Causes and Implications (PDF, 1.88 MB) - This link will open in a new
window.
- June 30, 2022 - Federal Government Spending: Neither the Sole Cause of, nor Solution to, Our Inflation Woes (PDF, 1.77 MB) - This link will open in a new window.
- June 29, 2022 - The Impact of Inflation on Different Income Levels in Canada (PDF, 1.87 MB) - This link will open in a new
window.
- June 23, 2022 - What Is Greenflation? (PDF, 1.76 MB) - This link will open in a new window.
- June 21, 2022 - Canada's Housing Market Correction Has Begun. Is It a Good or a Bad Thing? (PDF, 1.83 MB) - This link will
open in a new window.
- June 14, 2022 - Canadian Residential Real Estate Outlook
The Housing Market May Have Begun to Cool, but There's No Need to Panic (PDF, 1.99 MB) - This link will open in a new window.
- June 8, 2022 - BoC Balance Sheet: A Strict Diet of No Bonds (PDF, 310 KB) - This link will open in a new
window.
- May 19, 2022 - 2022 Canadian Budget Overview
Government Revenue Windfall: Who Saved it and Who Spent It (PDF, 342 KB) - This link will open in a new window.
- May 10, 2022 - After Two Years of Growth, North American Stocks Markets Are in the Danger Zone (PDF, 415 KB) - This link
will open in a new window.
- April 28, 2022 - Central Banks Are Clearly No Longer Comfortable with High Inflation
More Interest Rate Hikes Are on the Horizon (PDF, 436 KB) - This link will open in a new window.
- April 26, 2022 - 2022 Ontario Budget Preview: Higher Revenues Put Ontario's Finances in a Good Place Leading into the Budget (PDF, 306 KB) - This link will open in a new window.
- April 25, 2022 - Canada's Auto Market is Out of Balance: Price Pressures Intensify (PDF, 397 KB) - This link will open in a
new window.
- April 5, 2022 - Are US Consumers Ready for the Challenges Ahead? (PDF, 446 KB) - This link will open in a new
window.
- April 11, 2022 - Spending Promises Will Have an Impact on the Federal Fiscal Outlook (PDF, 303 KB) - This link will open in a
new window.
- March 29, 2022 - Is the Trend in Wages Different in Europe, the United States and Canada? (PDF, 395 KB) - This link will
open in a new window.
- March 16, 2022 - Flirting with a Flat Yield Curve (PDF, 300 KB) - This link will open in a new window.
- March 15, 2022 - Public Finances Face Numerous Post-Pandemic Challenges (PDF, 301 KB) - This link will open in a new
window.
- March 15, 2022 - Economic Impact of the Invasion in Ukraine (PDF, 342 KB) - This link will open in a new
window.
- February 24, 2022 - Is the Canadian Dollar Undervalued? (PDF, 468 KB) - This link will open in a new window.
- February 22, 2022 - Beware of Anticipating Too Many Interest Rate Hikes
They Are Not a Miracle Cure (PDF, 347 KB) - This link will open in a new window.
- January 19, 2022 - What to Watch Out For in 2022
Post-Pandemic Progress... We Hope! (PDF, 364 KB) - This link will open in a new window.
- January 7, 2022 - Quebecers' Rising Debt at the Beginning of the Pandemic Affected Some Borrowers More than Others (PDF, 373 KB) - This link will open in a new window.
- January 6, 2022
- A Look Back at 2021
Vaccination Boosted the Economy, but Inflation Sprung up Much More than Expected (PDF, 376 KB) - This link will open in a new window.
- December 17, 2021 - Was the Improvement in Quebecers' Financial Situation during the Pandemic Widespread? (PDF, 372 KB) - This
link will open in a new window.
- December 2, 2021 - Are Supply Chain Problems Jeopardizing Economic Growth? (PDF, 353 KB) - This link will open in a new
window.
- November 19, 2021 - Is Higher Inflation Widespread in the United States? (PDF, 423 KB) - This link will open in a new
window.
- November 12, 2021 - How Has the Pandemic Affected Canadians' Financial Situation across the Country? (PDF, 365 KB) - This link
will open in a new window.
- November 1, 2021 - How Should Inflation Caused by Supply Problems Be Managed? (PDF, 412 KB) - This link will open in a new
window.
- October 26, 2021 - What Does the Future Hold for Canada's Oil Industry? (PDF, 460 KB) - This link will open in a new
window.
- October 19, 2021 - The U.S. Job Market: A Recovery Where Underemployment and Labour Shortage Coexist (PDF, 479 KB) - This
link will open in a new window.
- September 24, 2021 - The Job Market for Canadians 55+
Older Canadians Are Working Longer (PDF, 503 KB) - This link will open in a new window.
- September 7, 2021 - How Has the Equilibrium Unemployment Rate Evolved in the Administrative Regions of Quebec? (PDF, 528 KB) - This link will open in a new window.
- September 2, 2021 - Canada's Economic Recovery Is Well Underway... but There Are Still Many Obstacles (PDF, 396 KB) - This link
will open in a new window.
- August 25, 2021 - Low, Stable and Predictable Inflation Is Still a Winning Strategy in the Long Run (PDF, 349 KB) - This link
will open in a new window.
- June 29, 2021 - Will Canada's Housing Market Lose Steam Any Time Soon? (PDF, 2.02 MB) - This link will open in a new
window.
- June 10, 2021 - How Is Quebec's Economy Faring One Year into the Pandemic? (PDF, 311 KB) - This link will open in a new
window.
- June 9, 2021 - The U.S. Auto Industry's Problems (PDF, 407 KB) - This link will open in a new window.
- June 3, 2021 - Green Technologies and Metals (PDF, 348 KB) - This link will open in a new window.
- May 6, 2021 - Economic Structure of Major Urban Systems in Quebec and Canada (Part 2)
Quebec may not have many big urban centres, but it has assets (PDF, 431 KB) - This link will open in a new window.
- April 29, 2021 - Canada's Major Urban Systems: Drivers of Growth (Part 1)
Many Similarities, Some Differences (PDF, 498 KB) - This link will open in a new window.
- April 22, 2021 - What to Make of Current Inflationary Pressures? (PDF, 435 KB) - This link will open in a new
window.
- April 20, 2021 - From One Generation of Young Quebecers to Another (Part 2)
It Is Hard to Pick a Winner When Weighing the Advantages and Drawbacks (PDF, 510 KB) - This link will open in a new window.
- January 29, 2021 - From One Generation of Young Quebecers to Another (Part 1)
Are the Current Factors and Conditions Better for One Generation than Another? (PDF, 496 KB) - This link will open in a new window.
- January 28, 2021
- A Look Back At 2020: COVID-19 Is Testing the Resilience of the Economy and Markets (PDF, 354 KB) - This
link will open in a new window.
- December 21, 2020 - Overview of Quebec's Capital Regions for 2020–2021 (PDF, 1,75 MB) - This link will open in a new
window.
- November 4, 2020 - Overview of Quebec's Urban Areas for 2020–2021 (PDF, 1,78 MB) - This link will open in a new
window.
- October 28, 2020 - The November 3 Election and the U.S. Economy
Part Two: Economic Issues and the Candidates' Platforms (PDF, 433 KB) - This link will open in a new window.
- October 27, 2020 - The November 3 Election and the U.S. Economy
Part One: Economic Overview of Donald Trump's First Term (PDF, 432 KB) - This link will open in a new window.
- October 22, 2020 - Quebec's Non-residential Real Estate Market: The Extent of the COVID-19 Jolt (PDF, 328 KB) - This link will
open in a new window.
- October 15, 2020 - Overview of Quebec's Manufacturing Regions for 2020–2021 (PDF, 1.80 MB) - This link will open in a
new window.
- October 7, 2020 - Desjardins Leading Index: A Better Tool for Predicting Quebec's Economic Cycles (PDF, 437 KB) - This link
will open in a new window.
- September 30, 2020 - Quebec and Its Regions: Evolution, Comparisons and Experiences Abroad (Part 3)
From Regional to Territorial Development (PDF, 449 KB) - This link will open in a new window.
- September 25, 2020 - Overview of Quebec's Resource Regions for 2020–2021 (PDF, 1.80 MB) - This link will open in a new
window.
- September 23, 2020 - Quebec Exports: Does Technology Have a Bigger Role? (PDF, 402 KB) - This link will open in a new
window.
- September 10, 2020 - Economic Overview of Quebec's Regions in 2020 and 2021 (PDF, 1.83 MB) - This link will open in a
new window.
- September 3, 2020 - Quebec and Its Regions: Evolution, Comparisons and Experiences Abroad (Part 2)
A Comparative Review of Various Indicators Reveals Changes (PDF, 442 KB) - This link will open in a new window.
- June 23, 2020 - Quebec and Its Regions: Evolution, Comparisons and Experiences Abroad (Part 1)
Government Actions from the Late 1950s to Present Day (PDF, 430 KB) - This link will open in a new window.
- June 11, 2020 - Economic Crisis Tied to the COVID-19 Pandemic
Despite Many Risks, We Can Remain Rather Optimistic about the Recovery (PDF, 397 KB) - This link will open in a new window.
- April 30, 2020 - Quebec: Employment by Sector during COVID-19 (PDF, 325 KB) - This link will open in a new
window.
- April 20, 2020 - What Will Happen to Quebec's Unemployment Rate in the Coming Months? (PDF, 338 KB) - This link will open in a
new window.
- April 7, 2020 - Canada's Labour Market in a Temporary Tailspin (PDF, 308 KB) - This link will open in a new
window.
- April 6, 2020 - Is Quebec's Potential Economic Growth Still around 1.5%? (PDF, 1.76 MB) - This link will open in a new
window.
- March 9, 2020 - Canada Will Not Escape the Distortion in Global Trade Arising from the Agreement between China and the United States
The Negative Effects in the Country Will, However, Be Quite Limited (PDF, 315 KB) - This link will open in a new window.
- February 25, 2020 - The Structural Transformation of Quebec and Other Provincial Economies in the Last 60 Years (PDF, 505 KB) - This link will open in a new window.
- February 6, 2020 - Overview of Quebec's Regions: What to Expect in 2020? (PDF, 465 KB) - This link will open in a new
window.
- January 31, 2020 - Brexit Is Coming... but the Uncertainty Will Continue (PDF, 353 KB) - This link will open in a new
window.
- January 30, 2020 - China's Financial System: More Vulnerable but Remains Resilient (PDF, 342 KB) - This link will open in a new
window.
- January 24, 2020 - The International Financial System Isn't Sheltered from Climate Change
Central Banks Start to Prepare by Developing Stress Tests and Economic Scenarios (PDF, 342 KB) - This link will open in a new window.
- January 15, 2020 - Financial Situation of Quebecers: Improvement in Some Indicators (PDF, 310 KB) - This link will open in a new
window.
- January 13, 2020
- A Look Back at 2019
The Trade War Triggers a Synchronized Slowdown (PDF, 337 KB) - This link will open in a new window.
- December 16, 2019 - Montreal's Economy Is the Driving Force Behind Quebec's Economy Once Again (PDF, 339 KB) - This link will
open in a new window.
- December 12, 2019 - Quebec's Economy Soars: Several Factors Explain the Current Resilience (PDF, 398 KB) - This link will open in
a new window.
- December 9, 2019 - Canada: No Real Signs of a Recession
Still, Growth Should Continue at a Moderate Pace (PDF, 365 KB) - This link will open in a new window.
- December 2, 2019 - Few Indicators Point to a U.S. Recession (PDF, 680 KB) - This link will open in a new
window.
- November 27, 2019 - Quebec from 1960 to Today: In Search of Prosperity (Part 2)
Avenues to Prepare for the Future (PDF, 398 KB) - This link will open in a new window.
- November 27, 2019 - Less Leeway for Central Banks
Is There Anything Else for Them to Do? (PDF, 383 KB) - This link will open in a new window.
- November 26, 2019 - A Global Recession on the Horizon? Signs Are Still Scarce (PDF, 363 KB) - This link will open in a new
window.
- November 22, 2019 - Is the Federal Reserve's Balance Sheet Increase Quantitative Easing? (PDF, 343 KB) - This link will
open in a new window.
- October 23, 2019 - Is the U.S. Job Market Beginning to Show Signs of Weakness? (PDF, 388 KB) - This link will open in a
new window.
- October 2, 2019 - The Drop in Interest Rates Is Beginning to Stimulate the U.S. Housing Market (PDF, 438 KB) - This link
will open in a new window.
- September 17, 2019 - Five Years of Negative Rates in Europe and It's Far from Being Over! (PDF, 391 KB) - This link will open in
a new window.
- September 10, 2019 - Recent Developments in the Canadian Housing Market Reignite Concerns (PDF, 445 KB) - This link will open in
a new window.
- August 29, 2019 - Global Warming: What Are the Economic Implications?
An Overview of the Estimated Costs of Climate Change Found in Scientific Literature (PDF, 373 KB) - This link will open in a new window.
- August 21, 2019 - Business Investment Will Have to Pick Up in Quebec and Ontario (PDF, 375 KB) - This link will open in a new
window.
- August 13, 2019 - The Evolution of Global Value Chains and Their Economic Implications (PDF, 1.82 MB) - This link will open in
a new window.
- May 14, 2019 - The Diversification of Quebec's Exports Does Not Prevent Them from Slowing Down (PDF, 1.88 MB) - This link
will open in a new window.
- May 7, 2019 - Canada's International Trade Facing Numerous Challenges (PDF, 2.17 MB) - This link will open in a new
window.
- May 3rd, 2019 - Euro Zone: An Alarming Slowdown (PDF, 1.86 MB) - This link will open in a new window.
- March 28, 2019 - The Federal Reserve Should Soon Provide More Details on the Cuts to Its Balance Sheet
What Will That Change? (PDF, 1.86 MB) - This link will open in a new window.
- March 19, 2019 - Labour Shortages in Quebec and Ontario: Which Regions and Economic Sectors Are Most Affected? (PDF, 1.87 MB) - This link will open in a new window.
- March 13, 2019 - Is Higher Consumer Spending Growth in Canada Still within Reach? (PDF, 1.82 MB) - This link will open in a
new window.
- March 7, 2019 - Western Canada's Oil Prices Could Hold On to Their Recent Gains (PDF, 1.83 MB) - This link will open in
a new window.
- March 6, 2019 - Quebec: Consequences of Demographic Change for the Real Estate Market
In the Long Term, Where Will Prices Head in the Different Regions? (PDF, 1.92 MB) - This link will open in a new window.
- February 28, 2019 - In This Time of Uncertainty, Careful Not to Confuse Economic Slowdown with Recession (PDF, 1.86 MB) - This
link will open in a new window.
- January 30, 2019 - United States: Just Steps Away from Energy Independence (PDF, 1.84 MB) - This link will open in a new
window.
- January 24, 2019
- A Look Back at 2018: Strong Economic Growth despite Increased Volatility (PDF, 1.86 MB) - This link
will open in a new window.
- December 20, 2018 - Business Debt
Is It Really Better to Reduce It? (PDF, 1.94 MB) - This link will open in a new window.
- December 17, 2018 - Quebec from 1960 to Today: In Search of Prosperity (Part 1)
We've Come a Long Way, with More Solid Foundations (PDF, 1.96 MB) - This link will open in a new window.
- December 3rd, 2018 - Upward Pressure on Business Costs in Quebec (PDF, 1.86 MB) - This link will open in a new
window.
- November 29, 2018 - Volatility May Remain High, but the Stock Markets Could Bounce Back (PDF, 1.86 MB) - This link will open in
a new window.
- November 29, 2018 - A Natural Gas Market in Transition (PDF, 1.86 MB) - This link will open in a new window.
- November 27, 2018 - Canada's Population Growth Exceeds Expectations (PDF, 1.81 MB) - This link will open in a new
window.
- November 26, 2018 - Global Economy in the Decades to Come
India and China Could Be the Two Biggest Economic Powers by the Next 20 Years (PDF, 1.85 MB) - This link will open in a new window.
- November 1st, 2018 - China and U.S. Protectionism
Should We Expect a Sharp Slowdown in China's Economy? (PDF, 1.87 MB) - This link will open in a new window.
- October 31st, 2018 - United States: Midterm Elections and U.S. Economy
Will the November 6 Congressional Elections Influence the Economy? (PDF, 1.86 MB) - This link will open in a new window.
- October 24, 2018 - Quebec's Net Migration With Other Provinces Is Improving (PDF, 1.83 MB) - This link will open in a new
window.
- October 11, 2018 - Is the Threat of Inflation Already Scaring the United States?
Part 2: Inflation Expectations in the United States – Households and Forecasters (PDF, 1.83 MB) - This link will open in a new window.
- October 3rd, 2018 - Is the Threat of Inflation Already Scaring the United States?
Part 1: Inflation Expectations in the United States – Businesses and Markets (PDF, 1.84 MB) - This link will open in a new window.
- October 1st, 2018 - Rate Hikes Are Starting to Have a Slight Impact on Canadian Households (PDF, 1.80 MB) - This link will open
in a new window.
- September 27, 2018 - Is GDP the Only Way to Measure Economic Performance?
(PDF, 2.00 MB) - This link will open in a new window.
- September 27, 2018 - The Sharp Increase in Wages May Contribute to Greater Inflation in Canada (PDF, 1.83 MB) - This link will
open in a new window.
- August 8, 2018 - Bond Yields Should Continue Their Uptrend (PDF, 1.87 MB) - This link will open in a new
window.
- July 31st, 2018 - Despite the Downsides of a Number of Cryptocurrencies, the Underlying Technology Continues to Show Its Potential (PDF, 1.86 MB) - This link will open in a new window.
- July 19, 2018 - Industrial Real Estate Is Booming in Montreal and Quebec CMA's (PDF, 1.81 MB) - This link will open in a new
window.
- July 18, 2018 - The Rise in Protectionism and the Prospect of a Global Trade War (PDF, 1.92 MB) - This link will open in a
new window.
- July 10, 2018 - Is Higher Volatility in Emerging Country Currencies Something to Worry About? (PDF, 1.85 MB) - This link
will open in a new window.
- July 4, 2018 - India: On the Cusp of Rapid Growth and Several Challenges
A Trading Partner That Could Turn into a Major World Player (PDF, 1.84 MB) - This link will open in a new window.
- June 28, 2018 - The European Debt: No Cause for Alarm Yet
But an Economic Shock Could Lead to Volatility (PDF, 1.86 MB) - This link will open in a new window.
- June 19, 2018 - Quebec's Trade with the European Union
For exports, geographic diversification should intensify (PDF, 1.82 MB) - This link will open in a new window.
- May 30, 2018 - No True Price Drops for Existing Homes in Canada (PDF, 1.73 MB) - This link will open in a new
window.
- April 27, 2018 - The U.S. Budget Situation: Much Worse despite Economic Growth
Decisions by the Trump Administration and Congress Come with a Big Price Tag (PDF, 1.82 MB) - This link will open in a new window.
- April 25, 2018 - Will the Drop in the Unemployment Rate Drive Inflation Up in Canada? (PDF, 1.76 MB) - This link will open in
a new window.
- April 17, 2018 - Mexico's Economy: Calm Within the Storm
The Future Remains Highly Uncertain (PDF, 1.82 MB) - This link will open in a new window.
- April 12, 2018 - Questioning Inflation Targets
Japan's Recent Experience Provides New Insight (PDF, 1890 KB) - This link will open in a new window.
- March 20, 2018 - The New Trans-Pacific Partnership: Smaller, but Just as Ambitious (PDF, 1885 KB) - This link will open in a
new window.
- March 16, 2018 - A 10-Year Yield Slightly Over 3% Would Not Be Disastrous for the U.S. Stock Market (PDF, 1.82 MB) - This
link will open in a new window.
- March 1st, 2018 - Wage Growth in Quebec is Taking Off (PDF, 1.84 MB) - This link will open in a new window.
- January 24, 2018
- A Look Back at 2017: The True Beginning of the Post-Financial Crisis Era
A Few Economic and Financial Highlights (PDF, 1878 KB) - This link will open in a new window.
- December 20, 2017 - Snapshot of External Debt in Emerging and Developing Countries (PDF, 1935 KB) - This link will open in a new
window.
- December 5, 2017 - A Look at Household Assets in Quebec: Their Room for Manoeuvre is There Sufficient? (PDF, 1879 KB) - This
link will open in a new window.
- November 29, 2017 - Are the Provinces Catching Up? (PDF, 1852 KB) - This link will open in a new window.
- November 16, 2017 - The Causes and Consequences of Low Wage Growth in Canada (PDF, 2008 KB) - This link will open in a new
window.
- October 27, 2017 - Where Do We Stand With Major Macroeconomic Imbalances? (PDF, 1878 KB) - This link will open in a new
window.
- October 26, 2017 - Lack of Clear Indication on Future Key Interest Rate Changes Is Hurting Bank of Canada Communications (PDF, 1902 KB) - This link will open in a new window.
- October 23rd, 2017 - Who Will be the Next Chair of the Federal Reserve? (PDF, 1868 KB) - This link will open in a new
window.
- October 18, 2017 - Is the Period of Lacklustre U.S. Inflation Winding Down? (PDF, 1949 KB) - This link will open in a new
window.
- September 26, 2017 - Impact of Falling Residential Market Prices on Quebec's Household Financial Situation (PDF, 1900 KB) - This
link will open in a new window.
- September 18, 2017 - How High Will Bond Yields Go?
Part 1: Real Yields and the Neutral Rate (PDF, 1898 KB) - This link will open in a new window.
- September 13, 2017 - Is Low Global Inflation Coming to an End? (PDF, 1907 KB) - This link will open in a new
window.
- September 11, 2017 - Several Indebted Households in Quebec Are Vulnerable to an Interest Rate Hike (PDF, 1908 KB) - This link will
open in a new window.
- September 5, 2017 - The Financial Position of Quebec Households (PDF, 1920 KB) - This link will open in a new
window.
- August 28, 2017 - Will Quebec's Weak Inflation Persist? (PDF, 1870 KB) - This link will open in a new window.
- August 14, 2017 - Will Inflation Eventually Pick Up in Canada? (PDF, 1904 KB) - This link will open in a new
window.
- August 8, 2017 - Three Years of Negative Interest Rates in Europe
Are Hard Times in the Offing? (PDF, 1902 KB) - This link will open in a new window.
- June 29, 2017 - 2017 Has Been a Good Year for Investors Thus Far (PDF, 1886 KB) - This link will open in a new
window.
- June 21st, 2017 - The Bottom Line on Canadian Wage Growth
(PDF, 1889 KB) - This link will open in a new window.
- June 1st, 2017 - Do Economic Cycles Have an Expiry Date?
When Will the Next Global Recession Arrive? (PDF, 429 KB) - This link will open in a new window.
- May 16, 2017 - Canada: Many Detours Ahead for the Auto Industry (PDF, 394 KB) - This link will open in a new
window.
- May 11, 2017 - Canadian Mortgage Interest Rates Could Rise a Few Percentage Points in the Coming Years (PDF, 429 KB) - This
link will open in a new window.
- May 4, 2017 - Is the U.S. Auto Market at Risk? (PDF, 419 KB) - This link will open in a new window.
- April 20, 2017 - Canada: Consumers Remain the Cornerstone of Growth (PDF, 383 KB) - This link will open in a new
window.
- April 10, 2017 - Will the British Economy's Stunning Resilience Last?
The Start Signal for Brexit Negotiations Is Given (PDF, 423 KB) - This link will open in a new window.
- March 29, 2017 - Is the Reflation Trend Strong and Widespread?
An Issue for Future Monetary Policy Evolution and Movement by the Major Currencies (PDF, 435 KB) - This link will open in a new window.
- March 21, 2017 - Is the Bank of Canada Running Out of Arguments? (PDF, 365 KB) - This link will open in a new
window.
- March 16, 2017 - What should bond market investors expect from the Federal government's Debt Management Strategy? (PDF, 411 KB) - This link will open in a new window.
- March 13, 2017 - Can the U.S. economy accelerate sustainably?
Donald Trump's pledge to get U.S. real GDP to 4% growth faces several constraints (PDF, 381 KB) - This link will open in a new window.
- March 9, 2017 - Canadian goods exports to the United States
Problems in some sectors and regions muddy the picture (PDF, 473 KB) - This link will open in a new window.
- March 3, 2017 - Canada: Business investment in 2017 poised to disappoint once again (PDF, 313 KB) - This link will open
in a new window.
- February 28, 2017 - Gas prices may have seen their trough, but 2017 should not be too painful (PDF, 393 KB) - This link will
open in a new window.
- February 22, 2017 - Protectionism: A brake on economic growth (PDF, 394 KB) - This link will open in a new window.
- February 17, 2017 - Another surge for the bitcoin
Why? (PDF, 410 KB) - This link will open in a new window.
- February 14, 2017 - Despite the increase in public investment, monetary policy can still be solicited in Canada (PDF, 375 KB) - This link will open in a new window.
- February 6, 2017 - Strong Canadian job creation: fact or fiction? (PDF, 401 KB) - This link will open in a new
window.
- February 1, 2017
- 2016: What to take away from a year full of surprises? (PDF, 402 KB) - This link will open in a new
window.
- December 21, 2016 - Will the next global crisis once again be tied to excessive debt? (PDF, 354 KB) - This link will open in a
new window.
- December 15, 2016 - Monetary policies after the crisis
Part 2: Limiting distortion (PDF, 419 KB) - This link will open in a new window.
- December 8, 2016 - Is low business productivity really an issue?
Estimation problems may be muddying the picture (PDF, 275 KB) - This link will open in a new window.
- December 5, 2016 - Monetary policies after the crisis
Part 1: Refocusing on the medium term (PDF, 410 KB) - This link will open in a new window.
- November 7, 2016 - The November 8 elections and the U.S. economy
Part 3: Economic and financial consequences (PDF, 512 KB) - This link will open in a new window.
- November 4, 2016 - Economic growth: in search of a new momentum
First component: determining the causes of the current quasi-stagnation
Second component: identify new levers of growth, here and elsewhere, in order to act more sustainably (PDF, 614 KB) - This link will open in a new window.
- November 3, 2016 - The November 8 election and the U.S. economy
Part 2: Economic issues and the candidates' proposals (PDF, 520 KB) - This link will open in a new window.
- November 2, 2016 - Bank of Canada's mandate renewed
Why the option to raise the inflation target was not retained (PDF, 377 KB) - This link will open in a new window.
- October 26, 2016 - The November 8 election and the U.S. economy
Part 1: The Obama administration's record on the economy (PDF, 633 KB) - This link will open in a new window.
- October 20, 2016 - Are bond markets about to pay the price for their complacency? (PDF, 704 KB) - This link will open in a new
window.
- October 12, 2016 - The helicopter money
How does it work and how much would it take? (PDF, 636 KB) - This link will open in a new window.
- October 6, 2016 - Some optimism still seems appropriate regarding North America's stock markets (PDF, 346 KB) - This link
will open in a new window.
- September 26, 2016 - South America: Soon to see some light at the end of the tunnel?
Opportunities for bold investors (PDF, 413 KB) - This link will open in a new window.
- September 8, 2016 - The financial situation of Quebec households
The picture differs widely with borrower age (PDF, 419 KB) - This link will open in a new window.
- August 25, 2016 - The many barriers to interprovincial trade could lessen with the new Canadian Free Trade Agreement (PDF, 334 KB) - This link will open in a new window.
- August 23, 2016 - Brexit: Is the trade agreement between Canada and the European Union under threat?
There could be a new agreement between Canada and the United Kingdom (PDF, 309 KB) - This link will open in a new window.
- July 28, 2016 - Monetary policies post-Brexit (PDF, 388 KB) - This link will open in a new window.
- July 8, 2016 - Brexit: The economic, political and financial fallout
One more uncertainty in an already shaky global situation (PDF, 447 KB) - This link will open in a new window.
- June 27, 2016 - What means are available to slow the housing market in some parts of Canada?
Solutions exist elsewhere in the world (PDF, 384 KB) - This link will open in a new window.
- June 22, 2016 - Simulation results: How vulnerable are Quebecers to an interest rate increase? (PDF, 747 KB) - This link will
open in a new window.
- June 2, 2016 - When weak economic growth rhymes with high inflation
Some exceptions to consider (PDF, 380 KB) - This link will open in a new window.
- May 26, 2016 - Business transition: the issue at home and elsewhere
Quebec's prosperity also relies on a strong, high-quality next generation (PDF, 442 KB) - This link will open in a new window.
- May 16, 2016 - Should we be worried about major Canadian government budget deficits? (PDF, 346 KB) - This link will open in
a new window.
- May 12, 2016 - Update: Quebec households' financial situation
Debt and asset value have both increased over the last 15 years (PDF, 443 KB) - This link will open in a new window.
- May 9, 2016 - Mexican economy: Its stability contrasts with the rest of Latin America
A NAFTA partner that could become more important (PDF, 363 KB) - This link will open in a new window.
- May 5, 2016 - Is cash going the way of the dodo? (PDF, 396 KB) - This link will open in a new window.
- May 2, 2016 - Servicing Canada's economic transition (PDF, 356 KB) - This link will open in a new window.
- April 15, 2016 - Water: abundant, and scarce
Water quality and availability present both challenges and economic opportunities (PDF, 428 KB) - This link will open in a new window.
- April 14, 2016 - Could inflation accelerate sharply due to the weak Canadian dollar? (PDF, 464 KB) - This link will open in a
new window.
- March 7, 2016 - A primer on parliamentary budget offices
Public agencies established around the world to provide independent and impartial budget analysis (PDF, 402 KB) - This link will open in a new window.
- March 3, 2016 - The negative rates experiment doesn't look successful
Central banks would be better served by other policy tools (PDF, 332 KB) - This link will open in a new window.
- March 1, 2016 - Choppy waters in the global economy are holding Quebec’s exports in check (PDF, 432 KB) - This link will open
in a new window.
- February 24, 2016 - Would an entry in bear market territory be justified for the U.S. equity market? (PDF, 385 KB) - This
link will open in a new window.
- February 23, 2016 - The federal government has some leeway in terms of budget deficits (PDF, 405 KB) - This link will open in a
new window.
- January 21, 2016 - The growing weight of China and the emerging economies (PDF, 385 KB) - This link will open in a new
window.
- January 19, 2016 - Investment by Quebec businesses: An overview of determinants and outlooks (PDF, 422 KB) - This link will open
in a new window.
- January 13, 2016 - Medium-term issues and forecasts (PDF, 395 KB) - This link will open in a new window.
- January 12, 2016
- U.S. monetary policy: back to normal... in experimental mode (PDF, 322 KB) - This link will open in a new
window.
- December 15, 2015 - Quebec’s condo market is still in surplus
New construction and prices will keep adjusting (PDF, 583 KB) - This link will open in a new window.
- December 10, 2015 - The energy sector continues to struggle
Should monetary and fiscal policy be even more stimulating in Canada? (PDF, 456 KB) - This link will open in a new window.
- December 7, 2015 - Good news: growth in the number of businesses is accelerating in Canada (PDF, 285 KB) - This link will
open in a new window.
- November 25, 2015 - Asia: Issues for the medium term, challenges and opportunities (PDF, 419 KB) - This link will open in a
new window.
- November 12, 2015 - Will the slowdown in the housing market also affect Toronto and Vancouver? (PDF, 427 KB) - This link will
open in a new window.
- November 9, 2015 - The Chinese economy's uncertain future
A development model that has reached its limits (PDF, 423 KB) - This link will open in a new window.
- November 2, 2015 - The first three quarters of 2015 have been difficult, but investors may come out all right in the end (PDF, 410 KB) - This link will open in a new window.
- October 29, 2015 - Business investment: Forging alliances abroad to create wealth here at home (PDF, 582 KB) - This link
will open in a new window.
- October 26, 2015 - Comparative study of magnitudeand length of economic cycles
Quebec not always in synch with Canada (PDF, 562 KB) - This link will open in a new window.
- September 22, 2015 - The manufacturing sector in the 21st century: beyond the factory
A veritable revolution is under way (PDF, 667 KB) - This link will open in a new window.
- September 16, 2015 - Ten years after the peak of the U.S. housing bubble
A 10-graph analysis (PDF, 429 KB) - This link will open in a new window.
- September 15, 2015 - Where is Europe heading?
Medium-term issues (PDF, 467 KB) - This link will open in a new window.
- September 2, 2015 - A recession in Canada?
What are the implications for markets? (PDF, 460 KB) - This link will open in a new window.
- July 29, 2015 - Negative interest rates: Will Canada be spared? (PDF, 456 KB) - This link will open in a new
window.
- July 9, 2015 - Medium-term issues and forecasts
Central banks will remain cautious when raising their key rates (PDF, 389 KB) - This link will open in a new window.
- June 25, 2015 - What should we make of the negative interest rates that we now see in many countries? (PDF, 439 KB) - This link will open in a new window.
- May 27, 2015 - The central banks still have some ammo left
But doing more would likely involve breaking some taboos and require government collaboration (PDF, 414 KB) - This link will open in a new window.
- May 21, 2015 - The internationalization of Quebec SMEs: exchange rate issues (PDF, 581 KB) - This link will open in a
new window.
- May 14, 2015 - Business investment in Quebec and Ontario: Improvement in sight? (PDF, 417 KB) - This link will open in a
new window.
- April 28, 2015 - Why has growth flagged in international trade?
A lot of hope rests on liberalizing trade (PDF, 466 KB) - This link will open in a new window.
- April 27, 2015 - Canada–European Union Comprehensive Economic and Trade Agreement
An overview of the agreement, trade and advantages (PDF, 539 KB) - This link will open in a new window.
- April 22, 2015 - Financial position of households in Quebec and Ontario (PDF, 590 KB) - This link will open in a new
window.
- April 7, 2015 - Five factors that could persuade the Bank of Canada to cut rates (PDF, 446 KB) - This link will open in a
new window.
- March 25, 2015 - Is the oil price plunge damaging the U.S. economy? (PDF, 411 KB) - This link will open in a new
window.
- February 27, 2015 - Where will oil prices go now?
Three major trends are possible in a complex environment (PDF, 493 KB) - This link will open in a new window.
- February 16, 2015 - Medium-term issues and forecasts
Getting used to a more moderate pace of economic growth (PDF, 386 KB) - This link will open in a new window.
- January 14, 2015
- Can we expect wages to accelerate in the United States?
A key factor for the Federal Reserve in 2015 (PDF, 442 KB) - This link will open in a new window.
- December 17, 2014 - Quebec's more optimistic demographic outlook does not reverse the forecast downtrend for economic growth
Fortunately, other levers could partially make up for this
- December 16, 2014 - Can the United States prevent the global economy from slowing down? (PDF, 424 KB) - This link will open in a new window.
- December 10, 2014 - The possible consequences of weaker economic growth potential in Canada (PDF, 400 KB) - This link will open in a new window.
- December 9, 2014 - Weaker currency and lower oil prices: the winning provinces (PDF, 431 KB) - This link will open in a new window.
- November 26, 2014 - Special study: Economic history of Quebec over the past six decades (PDF, 748 KB) - This link will open in a new window.
- November 25, 2014 - The internationalization of Quebec SMEs
A necessity for making Quebec more productive, more entrepreneurial and more prosperous (PDF, 527 KB) - This link will open in a new window.
- October 16, 2014 - Employment in Canada: The establishment survey has been much less volatile since 2012 (PDF,
366 KB) - This link will open in a new window.
- September 26, 2014 - The rental market is doing fine in Quebec and Ontario (PDF, 476 KB) - This link will open in a new window.
- August 27, 2014 - The Canadian economy's growth potential enters a new era (PDF, 410 KB) - This link will open in a new window.
- August 20, 2014 - Medium-term issues and forecasts
Several factors will limit how far up interest rates can go (PDF, 385 KB) - This link will open in a new window.
- June 27, 2014 - The U.S. job market's long trek back (PDF, 413 KB) - This link will open in a new window.
- June 12, 2014 - Interest rate sensitivity and the real estate market (PDF, 449 KB) - This link will open in a new window.
- May 26, 2014 - Several factors behind Quebec's high gas prices (PDF, 451 KB) - This link will open in a new window.
- May 7, 2014 - Simulation results: If residential property prices were to decline, what impact would this have on the financial position of Quebec's
households? (PDF, 622 KB) - This link will open in a new window.
- May 6, 2014 - Risk of financial crisis in emerging countries
Despite the recent lull, concerns persist (PDF, 508 KB) - This link will open in a new window.
- April 9, 2014 - Will the bull market continue? (PDF, 421 KB) - This link will open in a new window.
- April 2, 2014 - Despite the recent increase in inflation, Canada is still dealing with disinflationary pressures (PDF, 484 KB) - This link will open in a new window.
- March 3, 2014 - Personal bankruptcies climb back up in Quebec: Is this the beginning of an upward trend? (PDF,
520 KB) - This link will open in a new window.
- February 28, 2014 - Where are the participation and unemployment rates heading in the United States? (PDF, 482
KB) - This link will open in a new window.
- February 24, 2014 - Medium-term issues and forecasts
The effects of demographic changes will be increasingly felt (PDF, 378 KB) - This link will open in a new window.
- January 8, 2014
- The state of mind of U.S. consumers (PDF, 435 KB) - This link will open in a new window.
- November 28, 2013 - Will Canadian export growth meet expectations? (PDF, 407 KB) - This link will open in a new window.
- November 25, 2013 - The limits of currencies like Bitcoin (PDF, 412 KB) - This link will open in a new window.
- November 21, 2013 - The Quebec office building market: a slowdown has begun (PDF, 506 KB) - This link will open in a new window.
- November 19, 2013 - How will the Federal Reserve manage to reduce the blur? (PDF, 424 KB) - This link will open in a new window.
- October 29, 2013 - Quebec's non-residential real estate market is solid
Investments set to continue rising (PDF, 603 KB) - This link will open in a new window.
- October 17, 2013 - Will Canada benefit from the housing recovery in the United States? (PDF, 437 KB) - This link will open in a new window.
- September 27, 2013 - Long-term major asset class returns
After a lost decade, the stock market seems to offer better opportunities
- September 25, 2013 - Is the economy threatened by rising interest rates? (PDF, 461 KB) - This link will open in a new window.
- September 20, 2013 - Tying monetary policy to unemployment: Is the game worth the candle? (PDF, 436 KB) - This link will open in a new window.
- August 14, 2013 - Do higher bond and mortgage rates pose a threat to the recovery of the U.S. housing market?
(PDF, 487 KB) - This link will open in a new window.
- July 16, 2013 - Trend for the Canadian dollar
Gains at first, followed by more difficult times (PDF, 114 KB) - This link will open in a new window.
- July 10, 2013 - Issues and forecasts for the medium term
Increases in key interest rates are nearing (PDF, 62,8 KB) - This link will open in a new window.
- June 20, 2013 - U.S. energy revolution: We can't ignore the consequences (PDF, 128 KB) - This link will open in a new window.
- June 11, 2013 - The trade deficit weighs down Quebec's economy (PDF, 126 KB) - This link will open in a new window.
- May 22, 2013 - Is the cost of living rising faster than the official inflation rate? (PDF, 157 KB) - This link will open in a new window.
- April 2, 2013 - Canada loses steam: How will the Bank of Canada react? (PDF, 125 KB) - This link will open in a new window.
- March 5, 2013 - Weak inflation could persist several more months (PDF, 128 KB) - This link will open in a new window.
- February 19, 2013 - Is Canada's labour market too robust? (PDF, 113
KB) - This link will open in a new window.
- February 7, 2013 - New features for the Desjardins Leading Index (PDF, 202 KB) - This link will open in a new window.
- January 16, 2013