Canadian Chamber of Commerce | Economics | @QueensU alum
Ottawa
Joined September 2010
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I've written a blog with my colleague Tania Chaar on the top economic trends we're monitoring @ExportDevCanada. It's going to be a pivotal year in our COVID-19 recovery. I hope you find some value in our look-ahead piece! edc.ca/en/blog/edc-six-trend…
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@ExportDevCanada's Canadian Economic Recovery Tracker was released this morning. -2% below pre-pandemic levels. Most indices hold steady as a rise in COVID-19 cases temporarily sets back recovery. edc.ca/en/guide/edc-canadian…
I have a lot to say about this man. We've done some great work during his time at EDC. Steve is a talented professional who can send a good GIF in the process. He lifts his team up and doesn't take himself too seriously when in fact he is a brilliant individual. Good luck Steve!
Some personal news:
After four years as Deputy Chief Economist, this is my last week at EDC.
I’m proud of my work and what the Economics team has accomplished during my tenure.
Several initiatives are worth celebrating, including these to, highlight a few:
#CdnEcon
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@ExportDevCanada's Canadian Economic Recovery Tracker was updated today. A minor improvement from March but the third wave has slowed progress. Read the full report: edc.ca/en/guide/edc-canadian… #cdnecon
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Great weather, great jobs report. Things are looking up but the outlook still remains uncertain... #CdnEcon
Good news #CdnEcon in February rebounded by 259,000 net new jobs (+1.4%), after falling by 266,000 over the previous two months.
But still a long way to go: ~600k fewer people working than pre-pandemic & 406k working less than half of their usual hours www150.statcan.gc.ca/n1/dail…
Canada’s overall exports grew by 1% in December, with growth in goods (1.5%) and a decline in services (-1.9%). Here are the winners and losers in merchandise trade for 2020. #CdnEcon
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Canada’s economic recovery starts the new year with little momentum. See our latest release at edc.ca/en/guide/edc-canadian… – at Ottawa, Ontario
...As promised, here's that latest reading of @ExportDevCanada's Canadian Economic Recovery Tracker (CERT).
Our CERT index continues its saw-tooth pattern due to rising COVID cases and lockdowns. As of January 8, it remains 24% pre-COVID levels. edc.ca/en/guide/edc-canadian… #CdnEcon
Choppy economic recovery ahead. @ExportDevCanada Economics released our updated recovery tracker this morning which is now -24% below pre-COVID-19 levels as of Dec. 4. Take a look at our latest release. edc.ca/en/guide/edc-canadian… #CdnEcon
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Organic is good for you and for business. Demand for organics in Canada is growing quickly—more than 8% annually for the past four years. Take a look at our latest research. edc.ca/en/guide/canada-organ… #CdnEcon
@ExportDevCanada Economics released our Autumn Global Export Forecast today. Cdn trade has been resilient but not immune from the effects of COVID-19. Take a look at the trade outlook for 2020/2021. edc.ca/en/guide/global-expor… – at Ottawa, Ontario
Recovery in reverse gear? The spike in COVID-19 cases drove our Canada Economic Recovery Tracker (CERT) down to -19% below pre-COVID-19 levels. Take a look at what else is driving it. edc.ca/en/guide/edc-canadian… #cdnecon
@ExportDevCanada Economics released a new Canadian Economic Recovery Tracker (CERT), which offers insights from 11 high-frequency indicators, to track progress on Canada’s recovery from COVID-19: edc.ca/en/guide/edc-c… – at Ottawa, Ontario
Happy Canada Day! It's also the day #CUSMA enters into force. With new trading rules for North America, this provides much needed certainty to Cdn exporters. Great to join @simisara980 on Mornings with Simi to discuss the new agreement. lnkd.in/evmtV2x #CdnEcon
Really insightful thread from @alizhd on implications of reduced consumer spending and increase in savings during an economic downturn. #CdnEcon – at Ottawa, Ontario
Something really interesting is happening in the 🇨🇦economy. Canadians are paying down debt and starting to save money even though interest rates at almost zero. This usually happens when there's a financial asset price bubble; in case of 🇨🇦, it's the housing bubble.
Thread 👇
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@ExportDevCanada released results from our COVID-19 survey. Read the full report: edc.ca/en/guide/covid-19-can…
...Here are key findings from @ExportDevCanada research panel survey:
1. COVID-19 impacts are wide-reaching.
~Three-quarters of respondents report a negative impact on their sales, while a much smaller share have seen a positive impact.
Few companies are unaffected.
#CdnEcon
This morning, @ExportDevCanada Economics released our updated Global Economic Outlook. Several negative revisions to the 2020 outlook, with a strong rebound in 2021. Access the full report: bit.ly/2ydn4Xf #CdnEcon
This is both hilarious and shocking at the same time. The recent release of the IMF World Economic Outlook this morning shows Canada contracting -6.2% in 2020. The price of oil is definitely a contributor to the downside. #cdnecon
Just saw that Old Navy is having a clearance sale with a ton of items starting at $2.99. Fun. But you know what's cheaper than every item on the Old Navy clearance page? A barrel of Canadian oil, at $2.76 this morning. Flip flops, a barrel of oil? I can't decide...
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@ExportDevCanada Economics released our Economic Outlook (as of Mar. 12) this morning.
edc.ca/en/guide/global-econo…
Necessary COVID-19 counter measures will tip the world economy into recession. Economic impacts will mostly impact H1 2020. Upward momentum from 2019 has dissipated.