ANDERSEN ECONOMIC REPORT: APRIL 2026 PREVIEW
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.
Excited to explore the full 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!
REPORT KEY INSIGHTS
United States
- The US economy remains resilient with 2.6% year-over-year WEI growth, but gasoline near $4/gallon (up from $2.81 in January) is squeezing consumers fast
- Fed rate hike concerns are growing, with no housing relief in sight and the oil shock still working its way through the economy
Canada
- Canada is borderline recession with 84,000 jobs lost in February, manufacturing in decline, and population shrinking for the first time since 1946
- Oil provinces (AB, SK, NL) are the only buffer against full contraction, but even Alberta’s upside is limited by new Venezuelan crude competition in US markets
International
- Copper is down ~10% in a month on softening Chinese demand and a stronger USD, with gold, silver, and palladium also retreating
- Aluminum and lumber are bucking the trend, rising on energy costs, supply constraints, and seasonal demand
TEC MEMBERS ALSO GET
The TEC CEO Confidence Index is calculated from responses to a set of six questions about the current and future state of the U.S. economy, revenue and profitability projections and hiring and investment plans. Measured over time, the Index reflects trends in the U.S. economy and leads both GDP and changes to employment.
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