Few dogs are better suited to the moment. Dachshunds are compact enough for urban life, distinctive enough for Instagram or TikTok and packed with personality.

Why Does Everyone Have a Dachshund Now?

Celebrity owners, TikTok and apartment living have turned the once-specialist hunting dog into one of the world’s hottest breeds.

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Uncertainty about US President Donald Trump’s trade policy is curbing Canadian business investment and consumer spending, though firms see the economy avoiding a bad recession, central bank surveys show.

Firms See Canada Escaping Worst Tariff Outcomes, Survey Shows

Uncertainty about US President Donald Trump’s trade policy is curbing Canadian business investment and consumer spending, though firms see the economy avoiding a bad recession, central bank surveys sh...

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Canadians say they’re ramping up their boycott of US travel and products in response to US President Donald Trump’s tariffs, and the country’s central bank is taking notice. “I won’t be going to the US anytime soon,” one respondent told the bank. “I don’t feel good about spending my money there.”

‘I Won’t Be Going’: Canadians Explain Their US Boycott to the Central Bank

Canadians say they’re ramping up their boycott of US travel and products in response to US President Donald Trump’s tariffs, and the country’s central bank is taking notice.

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Canadian retail sales grew at the fastest pace this year in June, according to an official estimate, bouncing back from a slowdown in May. *June sales likely +1.6% m/m *May sales -1.1% and April +0.4% *2Q sales estimate +0.4% q/q, the weakest quarterly pace in a year

Canadian Consumer Spending Loses Steam in Second Quarter

Canadian retail sales grew at the fastest pace this year in June, according to an official estimate, bouncing back from a slowdown in May.

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Canadian consumer prices accelerated for the first time in four months and underlying price pressures were firmer, likely keeping the central bank from cutting interest rates on July 30. *CPI +1.9% y/y in June, up from 1.7% in May *The index +0.1% m/m last month *Core rates +3.05%, up from 3%

Canada Inflation Accelerates, Cementing July Rate Pause

Canadian consumer prices accelerated for the first time in four months and underlying price pressures were firmer, likely keeping the central bank from cutting interest rates later this month.

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The Canadian economy shrugged off tariff uncertainty, adding the most jobs in six months with the unemployment rate falling for the first time since January. *Employment +83,100 in June *Jobless rate fell 0.1 pp to 6.9% *Part-time work made up 84% of job gains *Private +47,000; public +23,000

Canada Unexpectedly Adds 83,100 Jobs, Biggest Gain of 2025

The Canadian economy shrugged off tariff uncertainty as the labor force added the most jobs in six months and the unemployment rate surprisingly fell, supporting another interest rate pause from the B...

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It seems that nothing Canada has tried so far has shielded it from the threats of Donald Trump. Love this quote from @karl-schamotta.bsky.social: “There was hope that there was light at the end of the tunnel — unfortunately it appears that light is a train.”

Trump’s 35% Tariff Bulldozer Tests Carney’s Strategy of Avoiding Conflict

It seems that nothing Canada has tried so far has shielded it from the threats of Donald Trump.

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Canadians are committed to ditching US travel, taking the fewest number of car trips there in the year’s first half since at least 2017, excluding the pandemic. *Canadians returned from 8m trips in 1H, vs. 11m in 2024 *Canadian return trips by car from the US -33% y/y in June *And by air -22% y/y

US Sees 33% Drop in Car Trips by Canadians as Summer Travel Starts

Canadians are committed to ditching US travel, taking the fewest number of car trips there in the year’s first half since at least 2017, excluding the pandemic.

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A growing number of migrants in the US are heading north, even as Canada adopts increasingly restrictive immigration policies of its own. *Saint-Bernard-de-Lacolle crossing saw asylum claims jumped by more than 400% y/y, first six days of July *Claims +128% in June; +82% so far this year

Trump Immigration Crackdown Sends More Asylum Seekers North

A growing number of migrants in the US are heading north to seek asylum, even as Canada adopts increasingly restrictive immigration policies of its own.

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Canada should become a world leader in producing and processing raw materials for military equipment and defense systems, according to the Business Council of Canada.

Top CEOs Want Canada to Build a Strategic Minerals Reserve for Defense

Canada should become a world leader in producing and processing raw materials for military equipment and defense systems, according to an influential business group.

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The Canadian economy is on track for a modest decline this quarter, yet isn’t deteriorating as fast as some economists feared. *April GDP -0.1% m/m *May GDP also -0.1% m/m *Assuming no growth in June, 2Q likely -0.3% q/q annualized, vs economist estimates of -0.5% and BOC forecast of 0% to -1.3%

Canada Economy Set for Contraction in Second Quarter

The Canadian economy is on track for a modest decline this quarter, yet isn’t deteriorating as fast as some economists feared.

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Youth unemployment in Canada jumped 3.6 pp over the past two years, the sharpest increase among the 25 largest OECD economies — including the US, UK and Australia. As of May, one in seven Canadian youth can’t find work, and they’re more than twice as likely as other age groups to be unemployed.

Canada’s Youth Job Market Slumps Most Among Major Economies

Young Canadians are facing a labor market that has deteriorated faster than in any other major advanced economy.

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Canadian consumer prices held steady while core measures eased slightly, likely giving some relief to Bank of Canada policymakers who had raised concerns about hotter underlying inflation prints in recent months. *CPI rose 1.7% y/y in May, matching April's pace *Core +3%, down from 3.1% in April

Canada Inflation Holds at 1.7% in May as Core Pressures Cool

Canadian consumer prices held steady while core measures eased slightly, likely giving some relief to Bank of Canada policymakers who had raised concerns about hotter underlying inflation prints in re...

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Tighter immigration rules have cut off the fuel from the Canadian population growth engine. *Canada added just 20,107 people in 1Q *That's 0% quarterly population growth vs. 1Q average of 0.3% over the past decade *It's the slowest quarterly rate since records began in 1946, tied with 4Q of 2014

Immigration Curb Slashes Canada Population Growth Rate to Zero

Tighter immigration rules have cut off the fuel from the Canadian population growth engine.

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Bank of Canada officials said it would be tough to cut the policy interest rate further if core inflation remains firm, but acknowledged more easing may be needed if the economy continues to weaken.

Harder to Cut With Core Inflation Firm, Bank of Canada Says

Bank of Canada officials said it would be tough to cut the policy interest rate further if core inflation remains firm, but acknowledged more easing may be needed if the economy continues to weaken.

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By 2030, Bloomberg Economics forecasts, if Trump’s current tariff regime endures, the global economy will be $1 trillion smaller than it would have been had the US remained in the Trans-Pacific Partnership.

Trump Ripping Up the Free Trade Playbook Comes With $1 Trillion Cost

The ominous trajectory of the US president’s tariff overhaul looms over the G-7 gathering.

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Cross-border road trips to the US from Canada fell for a fifth straight month in May. *Canadian-resident return trips by automobile from the US -38.1% y/y *Canadians’ return trips by air from US -24.2%, versus +9.8% from other countries *US car trips to Canada -8.4%

More Canadians Are Ditching US Road Trips With 38% Annual Drop

Cross-border road trips to the US from Canada fell for a fifth straight month, a gloomy outlook for many American vacation spots once frequented by their northern neighbors during the peak summer trav...

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Canada’s trade-driven sectors are showing clearer signs of a pullback in activity brought on by US President Donald Trump’s tariffs. *Manufacturing sales fell 2.8% in April, the largest monthly drop since October 2023 and the lowest level since early 2022 *Wholesale sales dropped 2.3%

Tariff-Hit Factory and Wholesale Sales in Canada Fell in April

Canada’s trade-driven sectors are showing clearer signs of a pullback in activity brought on by US President Donald Trump’s tariffs.

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The Canadian economy eked out minor job gains, and the unemployment rate rose for a third straight month to the highest level since September 2016 outside of the pandemic. *Employment grew by 8,800 positions in May *Jobless rate rose 0.1 ppt to 7% *Number of unemployed people +13.8% y/y

Canada Adds Just 8,800 Jobs, Unemployment Rises to 7%

The Canadian economy eked out minor job gains, and the unemployment rate rose for a third straight month to the highest level since September 2016 outside of the pandemic.

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Businesses believing that the worst-case tariff scenarios were less likely to become reality helped convince Bank of Canada policymakers to stay on the sidelines this month.

Firms’ Less ‘Catastrophic’ Outlook Kept Canada Rates on Hold

Businesses believing that the worst-case tariff scenarios were less likely to become reality helped convince Bank of Canada policymakers to stay on the sidelines this month.

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Canadian exports plunged by the most in nearly 17 years outside of the pandemic, widening the country’s merchandise trade deficit to the largest on record. *Canada's trade deficit reached C$7.1 billion in April *Total exports fell 10.8%; imports were down 3.5% *Exports to the US plunged 15.7%

Canada Trade Deficit Hits Record as Trump Tariffs Crush Exports

Canadian exports plunged by the most in nearly 17 years outside of the pandemic, widening the country’s merchandise trade deficit to the largest on record.

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Economists are abandoning their calls for monetary-policy easing in Canada next week as traders price in only a small chance of an interest-rate cut and the nation’s output beat all estimates. BMO and RBC now expect no changes in rates next week, contrary to the cut they saw before.

Economists Join Traders as Bets on Canada Interest-Rate Cut Fall

Economists are abandoning their calls for monetary-policy easing in Canada next week as traders price in only a small chance of an interest-rate cut and the nation’s output beat all estimates.

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A strong jump in tariff-driven exports fueled Canada’s growth at the start of this year, offsetting domestic weakness in other parts of the economy. *1Q GDP +2.2% annualized, up from 2.1% in 4Q *Monthly GDP +0.1% in March and likely +0.1% in April *Traders pared expectations for a June 4 rate cut

Canada Economy Grows 2.2% in First Quarter, Beats All Forecasts

A strong jump in tariff-driven exports fueled Canada’s growth at the start of this year, offsetting domestic weakness in other parts of the economy.

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The economic gains of Prime Minister Mark Carney’s defense spending boost will likely be worth more than double the planned investment costs, according to Canadian Imperial Bank of Commerce economists.

Carney’s Defense Spending Will Add Up to $46 Billion to Economy, CIBC Says

The economic gains of Prime Minister Mark Carney’s defense spending boost will likely be worth more than double the planned investment costs, according to Canadian Imperial Bank of Commerce economists...

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Great view of King Charles and Queen Camilla from our Bloomberg Ottawa office during their visit to Canada

Canadians have returned from 1.35 million fewer road trips to the US over the past two months than they did a year ago, eschewing crossing the border that US President Donald Trump called “artificial” and wanted removed.

Canadians’ Return Travel From US Plunges as Trump Tariffs Hit

Canadians have returned from 1.35 million fewer road trips to the US over the past two months than they did a year ago, eschewing crossing the border that US President Donald Trump called “artificial”...

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Canadians are growing more optimistic about the economy, as the conclusion of a national election relieves some anxiety around the country’s direction and US President Donald Trump’s threats, according to the Bloomberg Nanos Canadian Confidence Index.

Consumer Confidence Rises in Canada After Carney’s Election Win

Canadians are growing more optimistic about the economy, as the conclusion of a national election relieves some anxiety around the country’s direction and US President Donald Trump’s threats.

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Canada’s tepid pace of job creation last month sent the unemployment rate soaring back to a level last seen in November, the highest since January 2017 outside of the pandemic. *Employment grew by just 7,400 positions in April *Jobless rate +0.2 percentage points to 6.9%

Canada Joblessness Hits 6.9% as Tariffs Strike Manufacturing

Canada’s tepid pace of job creation last month sent the unemployment rate soaring back to a level last seen in November, the highest since January 2017 outside of the pandemic.

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Canadian exports to the US plunged 6.6%, the biggest drop since the pandemic. Imports fell 2.9%. Exports to countries other than the US jumped 24.8%, however, almost entirely offsetting the decline in outbound shipments to the US. Imports from countries other than the US were also up 1%.

Canada’s Goods Exports to US Fall Most in Five Years After Tariffs

Canadian exports to the US tumbled while shipments to other countries soared, underscoring the way tariffs are altering trade flows just as President Donald Trump and Prime Minister Mark Carney prepar...

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The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis.

How Trade War Can Elevate Mortgage Stress in Canada, in Charts

The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis...

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