Canada is one of our closest neighbors and a major trading partner, so its fortunes have a big bearing on our economy. To help you understand how its economy is performing and what we think will happen across the borders in the future, our highly experienced Kiplinger Letter team will update you on the latest news (Subscribe to The Kiplinger Letter or get a free issue). Here’s the latest forecast…
The Canadian economy is heading toward a slowdown, but not a recession, which is good news for cross-border trade with the U.S., since Canada is America’s no. 2 trade partner.
Recent data show that Canada’s GDP rose by 0.5% in January from the previous month, and early February data show a similar pace of growth.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Canada’s job market continues to add jobs, keeping the jobless rate at a record low.
Several factors will weigh on Canada’s economy this year. The prevalence of variable-rate mortgages means interest costs for Canadian households have risen relatively quickly. Firms have also indicated that they expect a decline in future sales as consumers start to feel the full impact of higher interest rates on their finances.
The Bank of Canada has likely reached the end of its rate-hiking cycle, making it the first major central bank to do so in the face of slowing economic growth.
This forecast first appeared in The Kiplinger Letter. Since 1925, the Letter has helped millions of business executives and investors profit by providing reliable forecasts on business and the economy, as well as what to expect from Washington. Subscribe to The Kiplinger Letter or get a free issue. In the letter you will get regular updates on the Canadian economy and on the general world economy, so you know what is going on outside of the U.S.
Read more
-
-
Time to Book a Trip: Prices for Vacation Rental Homes Are Dropping
Book a vacation rental home as prices drop amidst rising interest in hotels. Here's how booking a rental can save you money on your accommodations.
-
Congress Examines Nonprofit Hospital Tax Exemption Kiplinger Tax Letter
Tax Letter Providing community benefit is just one of many requirements.
-
Mixed Bag on Business Costs as Manufacturing Costs Fall, Oil is Headed Up: Kiplinger Economic Forecasts
Economic Forecasts Mixed bag on business costs as manufacturing and gas prices fall, but oil is up: Kiplinger Economic Forecasts
-
Text-Generating AI Faces Major Legal Risks: Kiplinger Economic Forecasts
Economic Forecasts Major legal risks to text-generating artificial intelligence: Kiplinger Economic Forecasts
-
Farmers Face Lower Costs, Greater Weather Risks: Kiplinger Economic Forecasts
Economic Forecasts Farmers Face Lower Costs, Greater Weather Risks: Kiplinger Economic Forecasts
-
New Emissions Limits to be Introduced: Kiplinger Economic Forecasts
Economic Forecasts New emissions limits to be introduced: Kiplinger Economic Forecasts
-
Shortages Galore Threaten Ability to Power, Heat and Cool Our Homes: Kiplinger Economic Forecasts
Economic Forecasts Shortages of transformers, heat pumps and air conditioning units are threatening our ability to power, heat and cool our homes.
-
Safety Rights for Key California Workers Could Be Tightened: Kiplinger Economic Forecasts
Economic Forecasts Safety Rights for Key California Workers Could Be Tightened: Kiplinger Economic Forecasts
-
Car Makers Look To Cut the Cost of Recalls: Kiplinger Economic Forecasts
Kiplinger Economic Forecasts Faulty software costs car manufacturers $500m in recalls. What are they turning to and what could that mean for you?
-
Tablet Sales Slump After Pandemic Surge: Kiplinger Economic Forecasts
Economic Forecasts Tablet sales slump after the pandemic surge, but it’s not all bad news for the sector: Kiplinger Economic Forecasts
