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 ...

Tariff man skewers CAD, MXN, RMB A baker’s dozen of musings on Trump’s tariff threats FOMC minutes should be a stale snoozer US confidence, home sales data will seem stale now BoC speech spoke about a ...

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 ...

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 ...

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% ...

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 ...

Canada’s consumers are alive and kicking and on track to post the strongest back-to-back quarterly gains in retail sales volumes in a decade (chart 1). The last time we saw 5%+ quarterly annualized ...

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 ...

Listen nowPerspectives podcast: Why Canadians are approaching this holiday spending season with ‘caution’ ...

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 ...