Scotiabank Forecast: The Tale of Two Economies on Two Different Tracks | Metals Mine

  • Scotiabank Forecast: The Tale of Two Economies on Two Different Tracks

    From scotiabank.com

    The Canadian economy hit a clear soft patch at the start of 2026, as confirmed by last week’s national accounts release. GDP was essentially flat in Q1, coming in below all expectations and pointing to softer underlying demand pressures. This aligns with earlier signals from the labour market, including weak hiring and a rise in unemployment at the start of the year. That said, the headline weakness should be interpreted with caution. The Q1 print was affected by several temporary factors that materially distort the signal. Large swings in gold imports should be largely ignored, as should the sharp pullback in ... (full story)

Comment Options
Czyker26
45 hr ago
Permalink
Look, just LOOK at the Jap Yen on a Monthly Futures chart. No matter what they say or do The YEN has been in a free fall since 2012.....
This thing needs to get to .40 before the Futures market wakes up and starts buying the F out of it !!!!!!!
Reply
  • Story Stats

  • Related Stories