Economy

Daily Synopsis: July 6, 2026

Retail Insider -
RioCan gains from slow construction, Sephora introduces low-sensory store experience, Beer Store loses 'sabotage' real estate lawsuit, Flying Tiger opening at Vaughan Mills this week, 60 grocers receive Foodland Ontario award, and other news.

Canadian economy rebounds in April with GDP growth: Statistics Canada

Mario Toneguzzi -
Real gross domestic product (GDP) grew 0.5% in April, after contracting 0.1% in March.

Canadians feeling effects of recession before it was confirmed: Harris & Partners

Mario Toneguzzi -
95.2% of Canadians say rising costs have impacted their finances.

Canada’s Counter-Tariffs Result in Temporary Price Increases

Craig Patterson -
In 2025, Canada imposed counter-tariffs on US imports, causing a notable increase in retail prices. The analysis reveals that these price hikes were short-lived, largely dependent on retailers' expectations and transparency with consumers.

Food Inflation Cools, But Canada’s Grocery Pain Is Far From Over

Sylvain Charlebois -
Canada’s food inflation slowed in April, but grocery affordability pressures continue as structural costs and global risks weigh on consumers.

Canadian GDP rises slightly in February: Statistics Canada

Mario Toneguzzi -
Real gross domestic product (GDP) was up 0.2% in February, with goods-producing industries driving the growth for the second consecutive month.

Canadian GDP to rebound in the first two quarters of 2026: CFIB

Mario Toneguzzi -
Canadian economy grew 1.6% in Q1 2026 and is expected to increase to 1.6% in Q2.

Canadian GDP on the rise in January, retail sector up: Statistics Canada

Mario Toneguzzi -
The retail trade sector expanded 0.8% as six of its nine subsectors were up in January

Rising Grocery Prices in Canada Are Changing Consumer Behaviour

Sylvain Charlebois -
Rising grocery costs are forcing Canadians to change how they shop, revealing deeper structural challenges in food affordability.

Bank of Canada holds interest rates as Middle East conflict fuels oil-driven inflation risks and weak growth outlook

Mario Toneguzzi -
After expanding by 2.4% in the third quarter of last year, GDP in Canada contracted 0.6% in the fourth quarter.

GDP in decline in Q4: Statistics Canada

Mario Toneguzzi -
Real gross domestic product GDP declined 0.2% in the fourth quarter of 2025, after rising 0.6% in the third quarter.

Retail sector GDP on the rise in November: Statistics Canada

Mario Toneguzzi -
Food and beverage retailers (+2.5%) rebounded in November, reflecting higher beer, wine and liquor retailing activity, following the conclusion of a work action in British Columbia on October 26 that had disrupted activity since September 2.

Canadian economy to grow in Q1 2026: CFIB

Mario Toneguzzi -
CFIB’s estimates and forecasts in partnership with AppEco suggest the Canadian economy grew by 0.6% in the fourth quarter of 2025 and is expected to grow by 3.4% in Q1 2026.

Canada Could Lose 4,000 Restaurants in 2026

Sylvain Charlebois -
Despite growth on paper, Canada’s restaurant sector faces rising costs, shrinking margins, and accelerating closures heading into 2026.

Retail sector drags on Canadian economic growth: Statistics Canada

Mario Toneguzzi -
The 0.7% contraction in the month was due to declines in most subsectors.

Canadian economy falls but retail sector bucks the trend: Statistics Canada

Mario Toneguzzi -
Retail expanded by 0.9% in August, says Statistics Canada.

Canadian economy expected to see slow growth in Q3-Q4: CFIB

Mario Toneguzzi -
CFIB's estimates suggest the Canadian economy grew by 0.8% in Q3 2025 and will continue growing at a slow pace of 0.2% in Q4

Canadian economy contracts in Q2: Statistics Canada

Mario Toneguzzi -
The contraction in the second quarter was driven by significant declines in the export of goods, said Statistics Canada.

Canadian business leaders call on government to ‘act with urgency’ to avoid a recession: KPMG

Mario Toneguzzi -
Given ongoing trade uncertainty, 76 per cent of business leaders are bracing for the worst and taking steps to prepare for a Canadian recession, says KPMG.

Retail trade largest detractor for GDP growth: Statistics Canada

Mario Toneguzzi -
Statistics Canada said real gross domestic product (GDP) grew 0.4% in January, following a 0.3% increase in December.

A cloud of uncertainty looms: Conference Board of Canada

Mario Toneguzzi -
The Conference Board says Canada’s GDP is forecast to increase by 1.5 per cent in 2025 before increasing a further 1.9 per cent in 2026.

Canadian economy to see reasonable growth in Q1 2025, tariff threat looms: CFIB

Mario Toneguzzi -
The CFIB says the Canadian economy will moderate at 2.5% growth in Q1 2025.

Economists Optimistic for a Better Second Half of 2021 for Retailers in Canada Pending Severity of Pandemic’s Fourth Wave [Feature]

Sean Tarry -
If the COVID-19 virus can be contained and containment measures are removed, so too are barriers to spending.
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