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.

March 2026 PREVIEW:

Canada | Weaker Growth | Weak Investments | Provincial Divergence

2026 is expected to be a tough year for Canada’s economy, with the growth gap versus the U.S. widening as the U.S. pulls ahead on AI-driven momentum while Canadian business investment remains weak. Ontario and B.C. face structural headwinds (tariff-disrupted manufacturing and trade volatility in resource sectors), while Alberta is positioned to lead national performance, driven by stronger employment growth.

United States | AI-led Momentum | Softening Risks | Geopolitical Conflicts

Before the February 28 Iran escalation, the U.S. economy was on solid footing and trending stronger into early 2026, with growth supported by resilient consumer demand and steady labour conditions. The main upside driver was investment, especially the AI-led tech cycle, while cost pressures were present but still well below prior-year peaks.

International | Conflict and Commodity Risks | Energy Prices | Supply and Transit Disruption

The Iran conflict is raising global risk and uncertainty across commodity markets, with energy prices leading the move as traders price in supply and transit disruption. Knock-on effects are rippling through energy-linked inputs like fertilizer and LNG, and while a multi-week outage is largely expected, a prolonged shutdown would lift prices much further even though copper has stayed resilient on tight supply.

Excited to explore the full March 2026 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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