Trump 2.0: The First 100 Days | Canada

Stagflation Signs Already Emerging

Unemployment Rising

Tourism Dropping

Business Confidence Falling

1,600

10 15 20 25 30 35

25%

1,500

15%

1,400

5%

1,300

-5%

0 5

1,200

120 122 124 126 128 130 132 134 The Stag The Flation

-15%

Jul-24

Apr-24

Oct-24

Jan-24

Jun-24

Jan-25

Jul-24

Feb-24

Mar-24

Feb-25

Mar-25

Nov-24

Dec-24

Aug-24

Sep-24

May-24

Apr-24

Oct-24

Apr-25

Jan-24

Jun-24

Jan-25

Feb-24

Mar-24

Feb-25

Mar-25

Aug-24

Sep-24

Nov-24

Dec-24

Jul-24

May-24

Apr-24

Oct-24

Jan-24

Jun-24

Jan-25

Mar-24

Feb-24

Feb-25

Aug-24

Sep-24

Nov-24

Dec-24

May-24

Unemployment (Ths.)

Diffusion Index

Tourism to Canada

Canada's Foreign Travel

Import Prices Rising

Manufacturers’ Pricing Ticking Up

Businesses Expecting Higher Inflation

55 60 65 70 75 80

0 20 40 60 80 100

Jul-24

Jul-24

Apr-24

Oct-24

Apr-24

Oct-24

Jan-24

Jun-24

Jan-25

Jan-24

Jun-24

Jan-25

Feb-24

Mar-24

Feb-25

Feb-24

Mar-24

Feb-25

Mar-25

Aug-24

Sep-24

Nov-24

Dec-24

Aug-24

Sep-24

Nov-24

Dec-24

May-24

May-24

2019Q1

2019Q3

2020Q1

2020Q3

2021Q1

2021Q3

2022Q1

2022Q3

2023Q1

2023Q3

2024Q1

2024Q3

2025Q1

All Imports to Canada

Diffusion Index

2% or More

3% or More

Source: Various

Cushman & Wakefield