ANDERSEN ECONOMIC REPORT: JUNE 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 U.S. economy continues to outperform expectations, driven by strong consumer spending, a resilient labour market, and robust business investment in technology and AI. Payroll gains remain positive, layoffs are historically low, and real-time indicators show little sign of slowdown. The U.S. economy is still expanding at a healthy pace despite global headwinds.
Canada
- Canada’s economy has entered a technical recession, with two consecutive quarters of declining real GDP. Business investment, consumer spending, and residential construction are all softening, and while higher oil prices offer regional relief, they aren’t enough to reverse broader weakness. Interest rate cuts are increasingly likely as policymakers respond to slowing growth.
International
- Global commodity markets remain heavily influenced by Middle East developments, with oil prices rising sharply following the largest supply shock in decades. Cost pressures are spreading across transportation, manufacturing, and agriculture. A negotiated resolution could ease inflation and support growth, while prolonged conflict risks sustaining elevated commodity prices and triggering recessions in vulnerable regions.
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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