TEC Canada is pleased to provide the Andersen Monthly Economic Report exclusively to our members to offer professional updates on the current economic environment in Canada, the USA, and globally. As the former assistant chief of the Bank of Canada’s research department, Dr. Peter Andersen provides valuable economic insight to help you make better business decisions.
August 2025 PREVIEW:
Canada | Economic weakness | Declining exports & investment | Regional disparity
Canada’s economy has shown signs of recent weakness, with declining exports, soft business investment, and a slowdown in home building likely contributing to a GDP contraction. However, conditions are expected to stabilize and level out across most regions, except for Ontario, which remains more vulnerable due to its high exposure to trade pressures and reliance on manufacturing.
United States | Slower growth | Weaker job gains | Positive GDP outlook
Recent data suggests the U.S. economy may be shifting toward slower growth, with significantly weaker job gains and downward revisions to previous months pointing to more cautious hiring. However, despite this softening in labor market momentum and business sentiment, hard data indicators remain positive with a 2.5% real GDP growth predicted in Q3.
International | Commodity pressure | Weaker demand | Canadian export opportunities
Global commodity markets are being weighed down by rising tariffs, oversupply, and fears of a broader economic slowdown, leading to weaker demand across key sectors. Prices for oil, copper, and natural gas remain under pressure, while U.S. lumber prices have risen, creating export opportunities for Canadian producers to tap into non-U.S. markets.
Excited to explore the full August 2025 Andersen Economic Report? As a valued member of TEC Canada, you can access the complete report under the ‘Resources’ section of the TEC Canada App!
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