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, ...

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 ...

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 ...

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% ...

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 ...

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 ...

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 ...

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 ...

Steven Van Wyk is a corporate director and the former Group Chief Information Officer (CIO) of HSBC Bank PLC. Throughout his 40-year career, he held senior-level domestic and international information ...