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.
February 2025 PREVIEW:
Canada | Economic Headwinds | Housing Market Divide | Mixed Recovery
Canada’s economy faces headwinds from tariffs, prompting expected rate cuts and a weaker dollar. The housing market remains uneven, with declines in Ontario and B.C. but growth in Alberta and Saskatchewan. Strong rental construction contrasts with a sluggish condo market. Despite these challenges, inflation remains low, and retail sales are improving, though Canada continues to lag U.S. growth.
United States | Strong Momentum | Investment Boost | Policy Uncertainty
The U.S. economy continues to show strong momentum, driven by steady job growth, high consumer and business confidence, and resilient industrial production. Corporate cash flow remains robust, and proposed tax cuts could further boost investment, though trade policy uncertainties persist.
Commodities | Market Volatility | Safe-Haven Stability | Rising Costs
Commodity markets remain volatile amid tariffs and U.S. dollar fluctuations, with oil and natural gas prices swinging and industrial metals reacting to trade policy shifts. Gold remains stable as a safe-haven asset, while tariffs on Canada and Mexico could push up U.S. lumber and building material costs.
Excited to dive into the full February 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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