Theo Argitis (@theoargitis) / X

BREAKING NEWS: Canada's economy grew by an annualized 3.3% in second quarter, fastest pace since 2023. StatsCan also revises Q1 numbers to 0.3% growth. Remember concerns about technical recession. Yeah, there wasn't one. The rebound in growth was driven by exports and investment

StatsCan released latest foreign direct investment data this morning (for Q2) that reinforces two trends in the numbers in the Trump 2.0 era: lower Canadian FDI abroad vs historical average (particularly into US). And higher FDI into Canada vs historical average. (The chart

For all those citing declines in the Canadian dollar as evidence of the gravity of the trade war on Canada. In fact, the Canadian dollar has hardly budged over the past five days. In fact, we've seen a slight gain against USD. It's the US dollar that has taken a hit against all

BREAKING NEWS: Canada adds 75k jobs in July, well ahead of expectations. Unemployment rate falls to 6.4% from 6.5%. Since April, total employment is up by 181k. Third straight month of good employment numbers out of Canada, more than fully reversing a weak start to the year.

Theo Argitis

@theoargitis

Jul 31

BREAKING NEWS: StatsCan data out this morning shows Canada's economy looking very strong at the start of summer. GDP up 0.3% in May and (preliminary) 0.2% gain in June. Overall, GDP tracking annualized growth of 3.4% in Q2 - which would be strongest quarterly gain in three years.

18