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The Keystone Pursuit of Balance: Our Analysis of the Manitoba Budget 2024
The Manitoban economy will weaken in 2024 before strengthening in 2025. Budget 2024-25 depicts a similar economic situation for the province compared to our latest provincial forecast. An array of new programs were put in place by Wab Kinew’s NDP government to help Manitoba mitigate some of the risks that could result in a severe downturn.
Featured Insights
Manufacturing Sales Buoyed by Higher Petroleum and Coal Prices in February
Canadian Economics April 15, 2024
High borrowing costs and cooler demand will likely weaken sales this year, though growth will pick up as the grip of monetary policy loosens. Month to month, real GDP growth in the manufacturing sector has been uneven, though the diversity of the industry’s subsectors has likely helped to keep growth from falling sharply in the face of higher interest rates.
Quick take • 2-min read
Kiefer Van Mulligen
The Bank of Canada Keeps Rates Steady for Another Announcement
Canadian Economics April 10, 2024
The housing market continues to pose an upside risk to the Bank of Canada’s inflation goals. The Bank has expressed concerns that if financial conditions improve, rejuvenated demand for housing, paired with the limited developments in housing supply, could exert significant upward pressure on inflation.
Quick take • 4-min read
Walter Bolduc
Chill Lingers in the Labour Market as Winter Recedes
Canadian Economics April 5, 2024
Little excitement as torpor prevails in Canada’s labour market. In the face of high interest rates, firms are navigating lower demand for goods and services. Hiring in the economy has slowed and weaker labour demand is translating into subdued employment growth.
Quick take • 3-min read
Liam Daly
Featured Publications
Recent Releases
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