The note aims to provide some rough rules of thumb derived from our macroeconometric model for estimating the impact of potential tariffs on the economy, inflation, interest and exchange rates in ...

Scotiabank supports CNIB’s Come to Work program that provides training, career coaching and other job supports ...

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

The final estimate for Q3-2024 GDP showed an upward revision to 1.6% y/y in real terms, from 2.1% in Q2, surpassing consensus, which expected no changes from the flash estimate of 1.5%. By sectors, ...

This report has been prepared by Scotiabank Economics as a resource for the clients of Scotiabank. Opinions, estimates and projections contained herein are our own as of the date hereof and are ...

The US Thanksgiving holiday starts to dry up liquidity via American clients today if it hasn’t already done so somewhat already this week. That cautions against reading too much into movements across ...

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 ...

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 ...

Canadian CPI, m/m %, October, NSA: Actual: 0.4 / 2.0 Scotia: 0.4 / 2.0 Consensus: 0.3 / 1.9 Prior: -0.4 / 1.6 ‘Core’ gauges, m/m % SAAR: Trimmed mean CPI: 4.1 Weighted median CPI: 3.4 Avg of TM and WM ...

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% ...