TEC Canada is pleased to provide the Andersen Monthly Economic Report exclusively to our members. 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.
Labour productivity is performing poorly in Canada. It has declined for 7 of the last 8 calendar quarters. The latest report for mid-2022 shows it standing 1.3% below the 4th Quarter of 2019.
On a regional basis, the unemployment rate increased in 16 states in August and was stable in 34 states, and the District of Columbia.
The USD surge puts debt servicing/ repayment pressure on low and middle- income countries in Asia and Latin America, which have borrowed heavily as a result of the pandemic and its fallout.
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