What drives Canada's economy?

What drives Canada's economy? Each row traces a chain of real events that moved employment, currency, GDP, and interest rates in Canada.

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MAR 1 – MAR 31, 2026
🇨🇦 full-time employment decline
▲ JOBS
🇨🇦 demand decline
▼ JOBS

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FEB 1 – FEB 28, 2026
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 job decline
▲ JOBS
JAN 1 – JAN 31, 2026
🇺🇸 tariff rise
▼ TRADE
🇺🇸 treasury yield rise
▲ TREASURY YIELD
🇨🇦 inflation rise
▲ TREASURY YIELD
DEC 1 – DEC 31, 2025
🛢️ oil production rise
🌍 oil price decline
▼ TRADE
🇨🇦 business decline
▼ JOBS
🇨🇦 cost and wage rise
▼ JOBS
🇨🇦 economic decline
▼ JOBS
🌍 tariff rise
▼ TRADE
🌍 trade policy uncertainty
▼ TRADE
🇯🇵 rate hike expectation rise
🇯🇵 yield rise
🌍 bond demand decline
▲ TREASURY YIELD
🇨🇦 interest rate rise signal
▲ TREASURY YIELD
NOV 1 – NOV 30, 2025
🇨🇦 growth rise
▲ TREASURY YIELD
🇺🇸 oil inventory rise
🌍 oil price decline
▼ INFLATION
🇨🇦 public spending rise
🇨🇦 deficit rise
▲ TREASURY YIELD
🇺🇸 economic data release
🇺🇸 yield rise
▲ TREASURY YIELD
🇨🇦 wage rise
▲ INFLATION
🌍 tariff rise
▼ TRADE
OCT 1 – OCT 31, 2025
🇺🇸 trade restriction threat
🌍 trade friction rise
▼ ECONOMIC GROWTH
🇺🇸 tariff rise
▼ INTEREST RATE
🇨🇦 job market slowdown
▼ INTEREST RATE
🇨🇦 recreation, education, and reading inflation rise
▲ INFLATION
🇨🇦 household operations inflation rise
▲ INFLATION
🇨🇦 vegetable price rebound
🇨🇦 grocery inflation rise
🇨🇦 food inflation rise
▲ INFLATION
🇺🇸 tariff policy uncertainty
▼ ECONOMIC GROWTH
🇺🇸 tariff rise threat
🇨🇳 rare earth export control
🇺🇸 tariff rise
▼ TRADE
🇺🇸 tariff rise
▼ TRADE
🇺🇸 tariff imposition
▼ TRADE
🇺🇸 tariff rise
🇨🇦 demand decline
▼ JOBS
🇺🇸 tariff rise
▼ DEMAND
🇺🇸 tariff rise
▼ MANUFACTURING
🇨🇦 tariff rise
▼ MANUFACTURING
🇨🇦 unemployment decline
▲ WAGES
SEP 1 – SEP 30, 2025
🇺🇸 tariff rise
🇨🇦 economic contraction
▼ INTEREST RATE
🇨🇦 job decline
▲ JOBS
🇨🇦 export collapse
🇨🇦 economic decline
▼ INTEREST RATE
🇨🇦 gasoline price decline moderation
▲ INFLATION
🇺🇸 tariff rise
▲ JOBS
🇺🇸 tariff rise
▼ TRADE
🇷🇺 oil supply disruption
🌍 oil price rise
▲ EXPORTS
🇨🇦 tariff rise
▼ MANUFACTURING
🇺🇸 tariff rise
▼ MANUFACTURING
🇺🇸 demand decline
▼ MANUFACTURING
🌍 input cost rise
▼ MANUFACTURING
🌍 demand decline
▼ MANUFACTURING
🇨🇭 gold import decline
▼ TRADE
🇿🇦 gold import decline
▼ TRADE
🇪🇺 pharmaceutical import decline
▼ TRADE
AUG 1 – AUG 31, 2025
🇨🇦 inflation drop
▼ INTEREST RATE
🇮🇳 russian oil import continuation
🇺🇸 tariff rise
▼ MANUFACTURING
🇨🇦 program expense rise
▲ PUBLIC SPENDING
🇮🇳 russian oil import continuation
🇺🇸 tariff rise
▼ TRADE
🇨🇦 loan loss provision decline
▲ PROFITS
🇨🇦 interest income rise
▲ PROFITS
🇺🇸 job market cooling
🇺🇸 rate cut expectation
🇺🇸 yield rise
▲ TREASURY YIELD
🇨🇦 government debt issuance rise
▲ TREASURY YIELD
🇨🇦 energy cost decline
▼ INFLATION
🇺🇸 policy rate cut
▲ TREASURY YIELD
🇨🇦 manufacturing decline
▼ JOBS
🇺🇸 tariff rise
▼ DEMAND
🇨🇦 inflation drop
▼ INTEREST RATE
🇺🇸 tariff rise
▼ JOBS
🇺🇸 tariff rise
▼ MANUFACTURING
🇺🇸 tariff rise
▼ TRADE
JUL 1 – JUL 31, 2025
🇨🇦 tariff rise
▲ EXPORTS
🇺🇸 tariff rise
▼ TRADE
🇺🇸 tariff rise
▼ DEMAND
🇺🇸 tariff rise
▼ JOBS
🇨🇦 tariff rise
▼ TRADE
🇨🇦 trade friction rise
▼ TRADE
🇨🇦 machinery import decline
▼ TRADE
JUN 1 – JUN 30, 2025
🇨🇦 economic contraction
▼ JOBS
🇺🇸 tariff threat rise
▼ ECONOMIC GROWTH
🌍 tariff strain
▼ MANUFACTURING
🇨🇦 interest rate expectation shift
▲ TREASURY YIELD
🇨🇦 carbon tax removal
▼ INFLATION
🌍 treasury yield rise
▲ TREASURY YIELD
🇨🇦 bond issuance rise
▲ TREASURY YIELD
🇺🇸 hiring slowdown
🇺🇸 job decline
🇺🇸 yield rise
▲ TREASURY YIELD
🇺🇸 tariff rise
▼ JOBS
🇺🇸 tariff rise
▲ JOBS
🇺🇸 tariff rise
▼ MANUFACTURING
🇨🇦 debt issuance rise
▲ TREASURY YIELD
🇨🇦 policy rate hold
▲ TREASURY YIELD
🇨🇦 wildfire
▼ OIL OUTPUT
🇺🇸 tariff rise
🌍 trade tension rise
▲ TREASURY YIELD
MAY 1 – MAY 31, 2025
🇺🇸 tariff expectation rise
▲ EXPORTS
🇨🇦 wildfire
▼ OIL OUTPUT
🇨🇦 carbon tax cut
▼ INFLATION
🇺🇸 rating downgrade
🇺🇸 deficit rise
▲ TREASURY YIELD
🇺🇸 tax policy uncertainty
▼ DEMAND
🇨🇦 energy cost decline
▼ INFLATION
🇨🇳 tariff decline
🇺🇸 tariff decline
🌍 sentiment improvement
🇺🇸 yield rise
▲ TREASURY YIELD
🇺🇸 tariff rise
▼ JOBS
🇺🇸 tariff rise
▲ JOBS
🇺🇸 lending rate hold
▲ TREASURY YIELD
🇨🇦 bond issuance rise
▲ TREASURY YIELD
🇺🇸 tariff rise
▼ TRADE
🇨🇦 tariff rise
▼ TRADE
🇨🇦 services activity contraction
▼ JOBS
🇺🇸 tariff rise
🇨🇦 demand decline
▼ JOBS
🇨🇦 deficit rise
▲ TREASURY YIELD
🇨🇦 public spending rise
▲ TREASURY YIELD
🇨🇦 economic growth decline
🇨🇦 lending rate hold
▲ TREASURY YIELD
🇺🇸 tariff rise
▼ DEMAND
🇨🇦 job growth slowdown
▲ JOBS
APR 1 – APR 30, 2025
🇨🇦 expected public spending rise
▲ TREASURY YIELD
🇨🇦 bond issuance rise
▲ TREASURY YIELD
🇨🇦 interest rate pause
▲ TREASURY YIELD
🇺🇸 tariff rise
🇨🇳 tariff rise
🇺🇸 tariff rise
🇨🇳 tariff rise
▲ TREASURY YIELD
🇪🇺 tariff rise
🇺🇸 tariff rise
🇨🇳 tariff rise
🇺🇸 tariff rise
▲ TREASURY YIELD
🌍 recession fear decline
▲ TREASURY YIELD
🇨🇦 labor market decline
▲ TREASURY YIELD
🇨🇦 inflation persistence
▲ TREASURY YIELD
🇺🇸 tariff rise
▼ TRADE
🇨🇦 retail sales rise
▲ INFLATION
🇨🇦 tariff rise
▼ TRADE
MAR 1 – MAR 31, 2025
🇺🇸 tariff fear
▼ DEMAND
🇺🇸 tariff imposition
▲ INFLATION
🇨🇦 sales tax holiday end
▲ INFLATION
🇨🇦 sales tax holiday expiration
▲ INFLATION
🇺🇸 tariff tension
▲ TREASURY YIELD
🇨🇦 tariff rise
▼ TRADE
🇺🇸 tariff rise
🇨🇳 tariff rise
🇺🇸 tariff rise
▼ TRADE
🇨🇦 interest rate cut
▲ TREASURY YIELD
🇨🇦 services activity decline
▼ JOBS
🇺🇸 tariff rise
▼ PROFITS
🇨🇦 trade policy uncertainty
🇨🇦 export order decline
▼ JOBS
🇺🇸 tariff rise
▼ MANUFACTURING
🇨🇦 services activity decline
🇨🇦 job decline
🇨🇦 unemployment rise
▼ JOBS
🇨🇦 labor force decline
▲ JOBS
🇨🇦 labor force decline
🇨🇦 unemployment rise
🇨🇦 job decline
▲ JOBS
🇨🇦 inflation drop
▲ TREASURY YIELD

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FEB 1 – FEB 28, 2025
🇨🇦 growth concern
▼ INTEREST RATE
🇺🇸 tariff threats
▼ PROFITS
🇺🇸 tariff rise
🌍 oil price rise
▲ INFLATION
🌍 natural gas price rise
▲ INFLATION
🇺🇸 tariff rise
🌍 oil price rise
🇨🇦 inflation rise
▲ TREASURY YIELD
🌍 gas cost rise
▲ INFLATION
🇺🇸 rate hike expectation rise
🇺🇸 yield rise
▲ TREASURY YIELD
🇨🇦 job market improvement
▲ TREASURY YIELD
🇲🇽 tariff rise
🇺🇸 tariff rise
🇨🇦 currency depreciation
▲ EXPORTS
🇺🇸 tariff expectation
▲ EXPORTS
🇨🇦 trade decline
▼ TRADE
JAN 1 – JAN 31, 2025
🇺🇸 financial policy tightening
▲ TREASURY YIELD
🇨🇦 tax break
▼ INFLATION
🇺🇸 job growth
🇺🇸 yield rise
▲ TREASURY YIELD
🇨🇦 currency depreciation
▲ EXPORTS
🇺🇸 tariff fear
▲ EXPORTS
🇨🇦 deficit rise
▲ TREASURY YIELD
🇨🇦 political resignation
▲ TREASURY YIELD
🇨🇦 political uncertainty rise
▲ TREASURY YIELD
DEC 1 – DEC 31, 2024
🇨🇦 interest rate rise
▼ DEMAND
🇺🇸 interest rate outlook shift
▲ TREASURY YIELD
🇨🇦 unemployment rise
▼ INTEREST RATE
🇨🇦 unemployment rise
▼ INTEREST RATE
🇨🇦 economic growth decline
▼ INTEREST RATE
🇨🇦 interest rate cut
▲ TREASURY YIELD
🇨🇦 credit loss provision rise
▼ PROFITS
🇨🇦 new business rise
▲ JOBS
🇨🇦 expense rise
▼ PROFITS
🇨🇦 impairment charge rise
▼ PROFITS
🇨🇦 tax rise
▼ PROFITS
NOV 1 – NOV 30, 2024
🇨🇦 PMI reading strength
▲ INFLATION
🇨🇦 unemployment data resilience
▲ INFLATION
🇨🇦 retail sales rise
▲ INFLATION
interest rate outlook shift
▲ TREASURY YIELD
🇺🇸 production decline
▼ PROFITS
🇺🇸 cost rise
▼ PROFITS
🇺🇸 presidential election possibility
🇺🇸 yield rise
▲ TREASURY YIELD
OCT 1 – OCT 31, 2024
🇨🇦 interest rate cut
▼ INFLATION
🇨🇦 unemployment rise
▼ INTEREST RATE
🇨🇦 consumption decline
▼ INTEREST RATE
🇨🇦 interest rate decline
🇨🇦 inflation drop
▼ TREASURY YIELD
🇨🇦 labor market weakening
▼ INTEREST RATE
🇨🇦 unemployment rise
▼ TREASURY YIELD
🇨🇦 consumption decline
▼ TREASURY YIELD
🇨🇦 interest rate cut likelihood rise
▲ TREASURY YIELD
🛢️ oil production expectation rise
🌍 oil price decline
▼ INFLATION
🇨🇳 stimulus decline
🌍 energy cost decline
▼ TRADE
🇺🇸 input cost rise
🇺🇸 inflation rise
▲ TREASURY YIELD
🛢️ oil production expectation rise
🌍 oil price decline
▼ TRADE
🇺🇸 interest rate expectation shift
▲ TREASURY YIELD
🇨🇦 demand decline
▼ JOBS
🇨🇦 interest rate decline
▼ INFLATION
🇨🇦 business activity rise
▲ JOBS
SEP 1 – SEP 30, 2024
🇨🇦 petrol price decline
▼ INFLATION
🇨🇦 inflation drop
🇨🇦 treasury yield decline
🇨🇦 bond yield decline
▲ JOBS
🇨🇦 inflation drop
▼ INTEREST RATE
🇨🇦 economic growth
▲ TREASURY YIELD
AUG 1 – AUG 31, 2024
🇨🇦 wage rise
▲ PUBLIC SPENDING
🇨🇦 wage rise
🇨🇦 public spending rise
🇨🇦 economic growth
▲ TREASURY YIELD
🇨🇦 wage rise
▲ INFLATION
🇨🇦 wage rise
▼ MANUFACTURING
🇨🇦 wage rise
🇨🇦 inflation rise
▼ MANUFACTURING
🌍 geopolitical turmoil rise
▼ MANUFACTURING
🇨🇦 inflation rise
▼ MANUFACTURING
JUL 1 – JUL 31, 2024
🇨🇦 inflation drop
▼ INTEREST RATE
🇺🇸 election probability shift toward trump
🇺🇸 treasury yield rise
▲ TREASURY YIELD
🌍 gasoline price decline
▼ INFLATION
🇨🇦 interest rate rise
▼ JOBS
🇨🇦 interest rate rise
▲ JOBS
🇨🇦 demand decline
▼ JOBS
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 factory activity decline
🇨🇦 manufacturing decline
▼ ECONOMIC GROWTH
🇨🇦 factory activity decline
🇨🇦 manufacturing decline
▼ INTEREST RATE
🇨🇦 factory activity decline
▼ MANUFACTURING
JUN 1 – JUN 30, 2024
🇨🇦 economic growth
▲ TREASURY YIELD
🇨🇦 inflation rise
▲ TREASURY YIELD
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 demand decline
▼ MANUFACTURING
MAY 1 – MAY 31, 2024
🇨🇦 interest income rise
▲ PROFITS
🇺🇸 lending rate hold
🇺🇸 inflation persistence
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 loan loss reserve rise
▼ PROFITS
🇺🇸 regulatory penalty
▼ PROFITS
🇨🇦 rate cut expectation decline
▲ TREASURY YIELD
🇨🇦 interest rate rise
▼ DEMAND
🇨🇦 wage rise
▲ INFLATION
🇨🇦 operating cost rise
▼ PROFITS
🇨🇦 input cost rise
▲ INFLATION
APR 1 – APR 30, 2024
🇨🇦 insurance cost rise
▲ INFLATION
🇨🇦 wage rise
▲ INFLATION
🇨🇦 spending stagnation
▼ ECONOMIC GROWTH
🇺🇸 inflation rise
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 quantitative tightening
▲ TREASURY YIELD
🇺🇸 treasury yield rise
▲ TREASURY YIELD
MAR 1 – MAR 31, 2024
🇺🇸 food cost rise
🇺🇸 producer cost rise
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 aircraft sales seasonality
▼ TRADE
FEB 1 – FEB 29, 2024
🇺🇸 job market slowdown
🇺🇸 bond yield decline
🌍 gold price rise
▲ EXPORTS
🇨🇦 interest rate rise
▲ PROFITS
🇺🇸 transportation services rise
🇺🇸 inflation rise
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 interest rate cut delay
▲ TREASURY YIELD
🇨🇦 currency appreciation
▼ TRADE
🇨🇦 production halt
▼ TRADE
🇨🇦 interest rate rise
▼ DEMAND
🇺🇸 us economic strength and hawkish fed signals
▲ TREASURY YIELD
JAN 1 – JAN 31, 2024
🇨🇦 high borrowing costs
▼ ECONOMIC GROWTH
🇨🇦 gas cost rise
▲ INFLATION
🇺🇸 inflation rise
🇺🇸 rate hike expectation rise
▲ TREASURY YIELD
🇨🇦 interest rate rise
▼ DEMAND
🇨🇦 rate cut expectation decline
▲ TREASURY YIELD
🇨🇦 consumer sentiment decline
▼ DEMAND
🇨🇦 consumer sentiment decline
🇨🇦 demand decline
▼ JOBS
🇺🇸 interest rate rise expectation
▲ TREASURY YIELD

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