The Bank of Canada removed its forward guidance in January and clearly signalled an imminent tightening of monetary policy. Assuming a swift end to...
Tony Stillo
Recent Posts
Canada | 2022 Themes: Economic recovery delayed not derailed
Posted by Tony Stillo on Dec 13, 2021
Canada’s full economic recovery from the pandemic has been delayed, notderailed. The economy continues to benefit from reopening amid highvaccination...
Canada | Can households handle higher interest rates?
Posted by Tony Stillo on Dec 8, 2021
Canada entered the pandemic with historically elevated household debt, and a C$193bn surge in mortgage borrowing during the pandemic has raised...
Canada | Leading parties open wallets in pandemic election bid
Posted by Tony Stillo on Sep 20, 2021
Canada will likely usher in another minority government when voters hit the polls on Sept 20, led by either the incumbent Liberals or the...
Canada | Economy stumbles, but is still poised for robust recovery
Posted by Tony Stillo on Sep 15, 2021
We remain bullish on the outlook for the Canadian economy over the next two years despite a surprising contraction in Q2. However, increased Delta...
Canada | Bank of Canada eyes shift to average inflation targeting
Posted by Tony Stillo on Aug 26, 2021
There’s a close race as the Bank of Canada weighs sticking with its successful flexible inflation targeting (FIT) or switching to average inflation...
Canada | Excess savings seem big, but are smaller than you think
Posted by Tony Stillo on Jul 14, 2021
Canadian Households accumulated C$184bn in gross excess savings between Q1 2020 and Q1 2021. That pool likely expanded as tighter health restrictions...
Canada | How the climate plan makes progress - but still falls short
Posted by Tony Stillo on Jun 24, 2021
Raising Canada’s federal carbon levy to C$170/tonne by 2030 will make solid progress but fall short on the country’s ambitious new pledge to cut...
Canada | Recovery Tracker pauses, but health index climbs higher
Posted by Tony Stillo on Jun 17, 2021
The Canada Recovery Tracker (CRT) dipped 0.1ppt to 90.9 in the week ended May 28, its first decline in five weeks. Four of seven subcomponents...
US | Rising health conditions are fostering economic vitality
Posted by Tony Stillo on Jun 14, 2021
With the spread of Covid-19 in the US slowing considerably and vaccinations continuing at a healthy pace, consumers are gradually spending again on...