Economic News with Clément Gignac and His Team
This week, it was Canadian retail sales’ turn to disappoint, and inflation is getting closer to the Bank of Canada’s target.
This week, U.S. retail sales slow down suddenly at the turn of the year, and inflation seems to be settling in south of the border.
This week, a special edition of the weekly economic review focusing on recent market volatility.
Another year has come to an end and, once again, it was full of surprises.
This week, the global economic story remains quite positive and the U.S. economy starts the year with the creation of 200,000 new jobs.
This week, Canadian retail sales show that the Canadian economy is healthy, and U.S. GDP growth ends the year on a positive note.
This week, the Bank of Canada goes ahead with another hike of its interest rate.
This week, we look at the fate of the North American Free Trade Agreement and U.S. retail sales, which end the year strong.
This week, the global economy is still accelerating as 2017 draws to an end.
This week, the U.S. economy remains in great shape as the Federal Reserve is about to hike its leading rate once again.
This week, Canadian economic growth is slowing down, but there’s no need to worry.
After two consecutive increases to its leading rate in July and September, the Bank of Canada (BoC) left its rate unchanged in October.
This week, we examine the low-volatility environment that is characterising the markets.
This week, the Canadian labour market is in great shape and the U.S. economy is rebounding from the recent hurricanes.
This week, the Bank of Canada adopts a more cautious tone and U.S. GDP growth beats expectations.
Despite the fact that events in North Korea dominated headlines over the summer, a very strong economic story was unfolding in the background: the world economy is in surprisingly decent shape.
While North Korea is dominating the news, a strong economic story is being shaped internationally.
This week, Canadian economic growth is slowing down after having peaked earlier in the summer.
This week, we have an update on the Canadian housing market and are commenting on the ambiguity of U.S. inflation, which is still not gaining traction.
This week, U.S. employment data is skewed by the recent hurricanes and the Canadian economy continues to create jobs.
The world economy has posted synchronized growth since the start of the year, a very positive sign for continuation of the economic cycle. In fact, for the first time in ten years, all OECD countries posted positive growth rates in the second quarter of 2017, led by China and India.
This week, Canadian GDP growth slows at the beginning of the third quarter after a stellar start to the year.
This week : Canadian retail sales keep charging forward, but were led by gasoline sales
This week, U.S. retail sales point to a slowdown in GDP growth in the third quarter.
This week, the loonie bounces back following the rate increase by the Bank of Canada, and Canada continues to create jobs.
This week, Canadian GDP growth in the second quarter shatters expectations and leads us to revise our target on the Canadian dollar.
This week, Canadian retail sales maintain their momentum and U.S. business investment is progressing nicely.
This week: According to the new measures from the Bank of Canada, the Canadian inflation rate, after bottoming out in the last few months, may be due for a hike.
In July, the International Monetary Fund (IMF) published a revision of its world growth forecasts.
This week, soft inflation is weighing on the U.S. dollar
This week, jobs reports brought positive surprises on both sides of the border
This week, the Canadian economy maintains its momentum, and an update on the loonie.
The second quarter of 2017 is behind us, and stock markets are in a flat calm.
In France, the sustained acceleration in economic activity and the strong political majority enjoyed by the new Macron government represent a unique opportunity to
implement significant reforms within the job market.
This week, central banks are pushing the loonie and the Euro higher
This week, the odds of a July rate hike from the Bank of Canada are up.
This week, the Bank of Canada change sits tone and the Fed hikes its leading rate for the second time this year.
This week, Canada adds 54,000 jobs in May, the third highest gain in five years.
This week, Canada’s economic outperformance observed since mid-2016 is about to end, and the U.S. labour market is sending mixed signals.
This week, U.S. GDP growth is revised upward in the first quarter, and growth expands and accelerates in the Eurozone.
This week, Canadian retail sales close the first quarter on a positive note but inflation weakens once again.
In Europe, the European Central Bank (ECB) left its key rate unchanged in April, but indicated that the risks of seeing another slowdown in the economy have diminished in the last few months.
Clément Gignac is Senior Vice-President and Chief Economist at iA Financial Group. He serves as the company’s spokesperson on economic matters.
Contact Clément Gignac’s team
418-684-5000, extension 5364
Sébastien Mc Mahon
418-684-5000, extension 7971
- United States: Marked slowdown in retail sales
- It’s Canadian retail sales’ turn to disappoint
- Financial markets: What should we make of recent turbulence?
- The world’s major economies continue to expand
- U.S. GDP growth ends the year on a positive note
- New Bank of Canada interest rate hike
- Questioning the future of NAFTA
- This week, the global economy is still accelerating as 2017 draws to an end.
- United States: continued positive economic conditions
- Canada consumption growth is slowing down
- Stock markets: low volatility and much optimism
- Canada: a very strong month for the labour market
- The Bank of Canada maintains its monetary policy
- After peaking this summer, the Canadian economy cools down
- Canada: our analysis of the housing market
- United States: Hurricanes weighing on the jobs report
- Canadian GDP growth slows at the beginning of the third quarter
- Canadian retail sales kept charging forward in July
- United States: Retail sales suggest a slowdown to third quarter GDP growth
- A new Bank of Canada hike leads to a stronger loonie
- Canada: Faster growth than south of the border since mid-2016
- Canada: Retail sales maintain their momentum
- Canada: Canadian core inflation seems to be bottoming out
- The U.S. dollar stumbles on soft inflation
- Employment reports: more good news from both sides of the border
- Canada: The Bank of Canada is pushing the loonie higher
- Canada: the loonie is taking off
- Canada: Expectations of an imminent rate hike increase
- Bank of Canada: Will there be a rate hike over the next few quarters?
- Canadian employment numbers shatter expectations
- The recent outperformance of the Canadian GDP continues but should soon come to an end
- United States: GDP growth revised upward in the first quarter
- Canadian retail sales close the first quarter on a positive note
- Canadian job growth is below expectations
- Canadian growth is led by real estate in the first quarter
- Equities and bonds: divergent signals
- Bank of Canada: Leading rate unchanged, but caution remains
- United States: New drop in the unemployment rate
- United States: Consumer confidence jumps
- Highlights of the 2017 federal budget
- United States: The first rate hike of 2017
- When can we expect the next rate hike?
- Canada: Strong growth in the fourth quarter, but the devil is in the details
- Employment: Canada’s full-time job creation numbers surprise to the upside and the U.S. labour market maintains its momentum
- Canadian retail sales for December are lacklustre
- U.S. inflation is accelerating
- Canada: Employment beats expectations for a second month in a row
- U.S. employment exceeds expectations, but salary growth rates slower
- United States: the strength of the dollar weighs on growth
- United States: Trump takes the helm today
- Our diversified fund positioning strategy
- Monetary policy: The Fed hikes its leading rate for the first time this year
- Third consecutive monthly increase in Canadian retail sales
- OPEC agrees to curb its oil production
- What is the impact of the interest rate hike on bond funds?
- U.S. elections: Impact of Trump win
- The post-election repricing process continues
- A larger deficit than expected and a disappointing jobs report
- The U.S. economy is gaining momentum
- The Bank of Canada downgrades its outlook
- United States: Retail sales continue their momentum
- Canada: The energy sector rebounds faster than expected in July
- Central banks are in the spotlight and inflation weakens in Canada
- Housing at the top of list of risks for the Canadian economy
- The Canadian jobs report exceeds expectations but the details leave something to be desired
- The U.S. economy grows closer to full employment
- Positive surprises from housing and business investment spending in the U.S.
- Low interest rates: We answer your questions
- What should we think about the speculation surrounding oil and market optimism?
- A second consecutive strong jobs report in the U.S. but a sour jobs report in Canada
- Labour market down in Canada, particularly in manufacturing, but up in the U.S.
- Market reaction following the Brexit referendum
- Update on June market activity
- Has the time come to dive into the European stock market?
- A positive surprise from the Canadian labour market
- The first quarter ends on a disappointing note for the Canadian economy
- The Bank of Canada keeps its key interest rate on hold and assesses the impact of the Fort McMurray wildfires on growth in the second quarter
- Will the U.S. Federal Reserve hike its monetary policy as early as June?
- U.S. sales point to strong start of second quarter
- Job creation is lackluster in Canada and slows slightly in the U.S.
- Canadian GDP growth should exceed 3% in the first quarter
- Oil prices are rising despite the failure to reach an agreement on a production freeze
- The Bank of Canada maintains cautious optimism
- The Canadian labour market: Regaining its footing
- The Canadian economy: In like a lion
- The Federal Government moves ahead with a fiscal stimulus
- The Federal Reserve takes a more dovish tone
- The Canadian labour market misses the mark, but manufacturing is sending a positive signal
- The Canadian dollar is on the rebound
- A look at the deficits announced by the Canadian government
- The price of oil pushes higher with geopolitical developments
- United States: The good news keeps on coming
- A few words on the markets and on job creation
- Canadian growth driven by a rebound in the manufacturing sector
- An edition entirely dedicated to the financial markets
- Our start-of-year analysis of economic activity
- Will the loonie bottom out?
- The taper has Come!
- Economic News for the week ending December 13, 2013
- Economic News for the week ending December 6, 2013
- Discover our new Web page about the economy and the financial markets
- Economic News for the week ending November 29, 2013
- Economic News for the week ending November 22, 2013
- Economic News for the week ending November 15, 2013
- Economic News for the week ending November 8, 2013 (available in French only)
- Playing with fire
- An update on oil prices and U.S. monetary policy
- North American labour markets are headed in opposite directions and the Bank of Canada puts the spotlight back on housing
- Germany avoids a recession, Japan is not so lucky
- U.S. retail sales exceed expectations and China is still slowing down
- Good news for the job markets in Canada and the U.S.
- Canadian growth falters, American growth thrives
- Canadian retail sales fall and inflation stabilizes in the U.S.
- Oil prices tumble and U.S. retail sales retreated slightly
- Canadian labour market rebounds while Germany is at the brink of a recession
- No economic growth in Canada in July and the labour market rebounds in the U.S.
- Canadian retail sales stop progressing and an upward revision to Q2 U.S. GDP growth
- Spotlight on the European Central Bank
- Inflationary pressures are fading in the U.S. and China keeps on slowing down
- Canadian housing market sending mixed signals and U.S. retail sales bouncing back
- A soft jobs report in Canada, momentum building in the U.S. and the European Central Bank is on the move
- Positive signs in North America and still not much inflation in Europe
- Canadian retail sales exceed past expectations and the U.S. Housing Market is in full rebound mode
- Job Creation Stronger Due to Correction, and Eurozone Stagnation
- Bank of Canada Not Impressed by Inflation and Economy Picking Up in the U.S.
- Job losses at home and quantitative easing coming to an end in the U.S.
- More than 200,000 jobs created for a fifth consecutive month in the U.S. and stabilisation in China
- Canadian household balance sheets on the mend and sharp downward revision of the U.S. economy in the first quarter
- U.S. inflation is settling in, but the Fed remains unimpressed
- Housing starts are still progressing in Canada and the rebound in retail sales continues in the U.S.
- Employment reports: negative in Canada, but positive in the U.S.
- The weather effects are very real in North America and the Japanese experiment continues
- Loss of momentum for Canadian retail sales and some signs of life in the U.S. housing market
- U.S. inflation returns to target and European recovery loses momentum
- Upswing of housing starts and sharp fall of full-time work
- Growth as expected in Canada and mixed news in the U.S
- The U.S. housing market continues to pull back
- The Bank of Canada holds still, American consumers make up for lost time and China is slowing down
- The Canadian housing market in a soft landing and the Federal Reserve looking hard at the labour market
- Positive employment reports on both sides of the border and the ECB stays put
- Household consumption is pushing the U.S. GDP higher and German business confidence hurt by the Ukraine conflict
- Tough week for the loonie and first U.S. policy rate hikes likely for spring 2015
- The Canadian housing market is losing breadth and China expects a lot from 2014
- Employment zigzags in Canada and weather to blame for the slowdown in the last few months
- Canadian economic growth remains stronger than expected and U.S. GDP growth is revised to the downside
- The weather keeps dragging down data in North America while Japan is losing momentum
- Canada aims for a balanced budget in 2015-16 and another look at emerging countries
- Employment: a positive report in Canada and one that raises questions in the U.S.
- U.S. growth fueled by the private sector
- The dollar below 90 cents and disappointing growth in China
- The Canadian housing market in a soft landing
- Five savings resolutions for 2014
- Jobs creation and trade deficit are quite a letdown in Canada
- 2015: A year of ups and downs
- Canada: An uneven housing market
- Signs point to a stronger economy
- The U.S. economy continues to show growth
- Impact of the Liberal platform on the Canadian economy at a glance
- Has the Canadian dollar bottomed?
- Jobs creation in Canada: ups and downs
- A promising third quarter spells the end of the "recession"
- Canadian retail sales keep on growing
- The Fed Stays the Course
- The next meeting of the Fed has everyone’s attention
- Is Canada truly in a recession?
- Are we moving into a bear market?
- Uncertainty lingers regarding a possible Fed rate hike in September
- Canada: Is this truly a recession?
- The Bank of Canada cuts its leading rate once more
- Decline in Canadian jobs and update on Greece
- Are we already in a recession in Canada?
- First quarter in U.S. less difficult than initially expected
- Two U.S. Federal Reserve key lending rate hikes still expected for 2015
- The Bank of Canada reviews household debt and U.S. retail sales rebound
- The jobs reports shatter expectations on both sides of the border
- Negative growth in North America in the first quarter
- United States: Housing starts surge and rate hike unlikely in June
- U.S. retail sales fail to rebound as expected and eurozone growth broadens beyond Germany
- Employment is down in Canada but rebounding in the U.S.
- Downturn on both sides of the border in the first few months of 2015
- A balanced budget in Ottawa and an update on oil
- The Bank of Canada surprises with its optimistic outlook
- Still optimistic about the U.S. economy
- No growth in Canada since November and consumer confidence rebounds in the U.S.
- Europe: Growth is accelerating
- Jobs creation is limited to Quebec and Ontario and the Fed is less patient
- Canadian housing starts are tumbling and the U.S. labour market keeps charging forward
- The Bank of Canada opts for the status quo in March and keeps its key interest rate at 0.75%.
- More uncertainty around Canadian monetary policy and 2.2% growth of U.S. economy in Q4
- Greece is under enormous pressure and the U.S. economy has not been meeting expectations since mid-January
- More rate cuts expected in Canada
- Volatility surrounding oil prices and rather positive job reports for both Canada and the U.S.
- Statistics Canada sharply revises down jobs creation for 2014 and the U.S. economy is still rolling
- The Bank of Canada causes quite a surprise and QE arrives in Europe
- Difficult year-end for Canadian stock market
- The Canadian housing market is slowing down and U.S. retail sales are below expectations
- Expected low prices in 2015 and faltering of Canadian labour market
- Year of the great synchronization
- The Canadian economy steals the show
- Economic and Market Overview
- Europe at the forefront
- Little volatility, despite the uncertainty
- Dawn of the Trump era
- A story of central banks
- Brexit, the Fed, and forest fires
- First quarter portends an eventful year
- The Fed (finally) makes its move
- A quarterly overview of the economy and financial markets with Clément Gignac (July 2013)
- Encouraging signs from the south and worries to the east
- Europe gets out the printing press
- Polar vortex and geopolitical tension
- Towards a synchronized world recovery in 2014?
- From Greece to China to the Fed!
- Re-evaluating risks
- Oil dominates the headlines
- Oil: temporary price drop or long-term trend?
- Post-Mortem 2017 and Financial Outlook 2018
- September 2017 webinar - Economy and capital markets
- June 2017 webinar - Economy and capital markets
- March 2017 webinar - Economy and capital markets
- December 2016 webinar - Economy and capital markets
- September 2016 Webinar - Economy and capital markets
- Special webinar - Brexit update
- June 2016 Webinar - Economy and capital markets
- March 2016 Webinar - Economy and capital markets
- Special Webinar : An update on the economy and recent market developments
- Quarterly Webinar by Clément Gignac - December 2013
- Economic synchronicity and financial volatility
- A quarterly overview of the economy and financial markets, with Clément Gignac (September 2013)
- Economic & Financial Market Outlook - June 2013
- A quarterly overview of the economy and financial markets, with Clément Gignac (April 2013)
- Economy & Capital Markets - April 2013
- Despite world economic uncertainty, Wall Street soars to new heights!
- Revue économique et perspectives - mars 2013 (French only)
- A quarterly overview of the economy and financial markets, with Clément Gignac (February 2013)
- Economic review and viewpoint - February 2013
- Quaterly Webinar by Clément Gignac - December 2014
- Quaterly Webinar by Clément Gignac - September 2014
- Secular Stagnation or the Natural Order of Things?
- Quarterly Webinar by Clément Gignac - June 2014
- Quarterly Webinar by Clément Gignac - March 2014
- December 2015 Webinar - Economy and capital markets
- Economy and capital markets - September 2015
- Special Webinar : An update on the economy and recent market develop
- Economy and capital markets – June 2015
- Economy and capital markets – April 2015
- An Update on Oil
- The Bank of Canada presses pause
- A second rate hike in Canada!
- The Canadian economy surprises!
- Bank of Canada changes its tune
- Markets send contradictory signals
- Political uncertainty in the air
- Rise in expectations of the Fed
- Trump and OPEC: Disruptive events!
- Protectionism is back
- Preliminary agreement within OPEC
- Are bond rates too low?
- Fed changes its tone
- Economic activity rebounds in emerging countries
- A more optimistic tone in Canada
- No U.S. recession in sight
- Financial markets are restless
- The Search for Inflation
- Canadian economy shows resilience
- Europe comes out of recession!
- The Fed makes waves
- China takes a break
- A soft patch
- Chypre's turn
- Canadian and American Economies: Role Reversal
- A marked desynchronization
- U.S. economy accelerates
- Mid-Year Review of World Economy
- Canadian household balance sheets improve
- What to think of the Canadian job market?
- Towards quantitative easing in Europe?
- Clearing skies
- Polar vortex or loss of momentum?
- Emerging countries: back to 1997-1998?
- Tapering time has come
- Spotlight on the Fed!
- Canada: There is reason to be optimistic but we must still be cautious!
- All signs point to a Fed rate hike in December
- More monetary stimulation on the horizon?
- Fed maintains uncertainty
- The wind is rising in China ...
- Greece yet again…
- Risky to bet against the Fed?
- Renewed tension in Greece
- Spotlight on monetary policy
- Some political respite in Europe
- More Monetary Easing
- U.S. push to boost NATO spending could affect Canada's infrastructure spending: Economist
- With QE tapering in sight, how high can long-term interest rates go?
- After the recovery, investing in the expansion (French only)
- Bank of Canada is getting with reality on inflation
- For Canada, immigration is a key to prosperity
- U.S. economy: The patient is ready to get up and run again
- Canada's weak market reflects Keystone, not the economy
- U.S. shale oil boom could re-write the Canadian economy's oil story
- The loonie's flight is about to lose altitude
- In search of sustainable competitiveness
- Federal tax cuts: The timing couldn't be better for Central Canada
- The U.S. economy grows more than expected but consumer confidence disappoints
- Central Canada gets much-needed break from oil price drop
- 2014 Fundex National Business Conference
- Continued U.S. economic resurgence bodes well for market returns
- Sinking loonie masking the dire state of Canada's competitiveness
- Japan can look to Quebec for a solution to its work force problem
- The case for spending on Central Canada's infrastructure
- Latest jobs report a bad sign for Quebec's budget hopes
- Economy in a healthy transition to an investment-fuelled turnaround
- The Canadian model: How euro zone can find more economic stability
- The VRSP solution: How Canadians can save more for their retirement
- Quebec's budget plan threatened by a demographic time bomb
- Canada's non-energy exporters need to seize their currency opportunity
- Anticosti Island shale oil could revitalize Quebec economy
- Volatility masks opportunity in U.S. economic renaissance
- Quebec's child care program: How social innovation can create wealth
- How do you count jobs? Quebec leaders can't agree
- Why foreigners have lost their taste for Canada's bonds
- Canadian dollar: Purchasing power parity points to 85-86 cents
- L'économique en 2014 vue par Clément Gignac (French only)
- How Shinzo Abe is quietly bringing Japan's economy back to life
- Canada’s ‘atrocious’ growth figures show potential risk of recession
- What the new Fed tightening cycle means for investors
- The U.S. economy revisited: A southern tailwind for Canada
- Ending central bank forward guidance: What it means for the markets
- Canada needs to push forward with labour market reforms
- Falling oil price putting pressure on the Canadian prosperity model
- Clément Gignac invited to join the prestigious Washington-based Conference of Business Economists
- Speech before the Club des actuaires de Québec (French only)
- Colloque GFMG 2013 (Novermber 2013, French only)
- Dîner conférence CFA Québec (September 2013, French only)
- Economic Reviews & Capital Markets - September 2013
- La compétitivité de l'Europe selon le Forum Économique Mondial (August 2013, French only)
- Fundex 2013 National Business Conference (July 2013)
- CIA 2013 Annual Meeting (June 2013)
- Canada's competitiveness, An update from the World Economic Forum (March 2013)
- Opinion - A view on the Canadian Dollar
- Conjoncture économique, Compétivité et défi démographique (French only)
- Conference call on market volatility
- Perspectives économiques et financières - Séminaire sur les placements CARRA (French only)
- Economy, Capital Markets & Strategy - 2014 National Business Conference
- Environnement Économique - Sommet immobilier de Québec (French only)
- Cercle Finance Québec et Association des économistes québécois, Section de la Capitale Nationale - Le 24 Avril 2014 (French only)
- Benefits Alliance conference, Toronto
- Conférence à l'IGF Québec (French only)
- Sommet immobilier de Montréal (French only)
- Club Mont-Royal (French only)
- Presentation at the 2014 IAVM Conference
- Presentation at Institut National d'Optique (French only)
- Economic review and capital markets – Luncheon of March 31, 2015 (French Only)
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