CPA Chief Economist David-Alexandre Brassard on this morning's StatCan jobs numbers: “This is a blockbuster report that seemingly wipes away recession fears and points to a rebound in the second quarter following two quarters of contraction.” #cdnecon

The more freely Canadians can live, work, and do business across the country, the more the value of the federation shows up in ordinary life.

My latest on how doubling down on Canada's economic union might help with separatism: https://thehub.ca/2026/06/04/how-to-actually-combat-separatism-deepen-the-economic-ties-between-provinces/ #cdnecon #cdnpoli

How to actually fight separatism: Deepen the economic ties between provinces

The case for national unity isn’t about dividing the pie

The Hub
“Research by Canadians for #Tax Fairness estimates that Canada’s largest #corporations and #wealthiest individuals have at least $682 billion stashed in #taxhavens, a 165 percent increase since 2014.” canadiandimension.com/articles/vie... #CRA #Canada #cdnpoli #cdnecon

Cutting CRA experts won’t save...
Cutting CRA experts won’t save money. It will leave billions behind

The government could choose to pursue the billions already being lost. It could choose to strengthen enforcement. It could choose to treat tax fairness as a real fiscal strategy instead of a talking point. Instead, it is choosing layoffs over collecting billions from large corporations and high-net-worth individuals.

BMO Senior Economist Robert Kavcic: "There is much more to a recession than two quarters of negative GDP growth. We often think of the three Ds—depth, duration and dispersion. Things aren’t great, but Canada isn’t there yet" #cdnecon
https://economics.bmo.com/en/publications/detail/b9087320-9f84-43b7-9457-ff64129bd89b/
What’s a Recession Anyway?

There is much more to a recession than two quarters of negative GDP growth.

3 Desjardins: #Household #spending continued to grow, posting an increase of 1.5%. That said, with weakness across the #labourmarket in Q1, the household #savings rate declined to 3.5% to support that spending #cdnecon #GDP
2 Desjardins: #Residential #investment was down another 8% annualized in Q1, while non-residential #business #capitalspending declined 3%. #Government investment also fell, reversing some of the defense-driven surge seen in the second half of 2025. 🧵 #cdnecon
1 Desjardins: Canada’s #economy remained ice cold throughout the early days of 2026. Quarterly #GDP declined 0.1% in Q1, in sharp contrast to expectations for 1.5% growth. Falling #investment rates across the economy provided a stiff headwind. 🧵 #cdnecon #Canada
Flight attendants union urges government to reject airlines' claims on unpaid work

Canada’s main flight attendants union is crying foul on airline submissions to the federal government on its probe into unpaid work in the sector.

CTVNews

This is not only to acquire and inventory but to FUDGE THE MARKET.

Canadian company buying up $30M worth of unsold condos in downtown #Toronto... and it's just getting started! https://www.cp24.com/local/toronto/2026/05/12/montreal-based-real-estate-company-buys-30-million-worth-of-condos-near-toronto-metropolitan-university/ #hogtown #condocollapse #CMHC #cdnpoli #cdnecon

Canadian company buys up $30M worth of unsold condos in downtown Toronto -- it says it’s just getting started

A Canadian real estate company is eyeing Toronto’s soft condo market as it looks to buy $500-million worth of unsold units, starting with a $30-million 'bulk' purchase steps from Toronto Metropolitan University.

CP24
2 Desjardins: Only four of the nine subsectors rose, further highlighting the pressure on #Canadian #consumers from higher #gas #prices. #retailsales #cdnecon