A retreat in Canadian exports of autos, gold and aircraft to start the year drove the country’s trade deficit with the world to its widest level in five months in January.
Government-bond yields rose before tentatively stabilizing Thursday as oil prices and no signs of de-escalation in the Middle East worsened the outlook for inflation and economic growth.
Germany’s leading economic-research institutes lowered their 2026 growth forecasts, warning of the impact on energy prices from the conflict in the Middle East.
Housing starts in Canada are set to decline over the next three years due to higher construction costs, weaker demand and elevated levels of unsold inventory, the country’s housing agency said.
Orders fell 11.1% in January, compared with a jump of 6.4% the month prior, indicating an uncertain outlook for the sector despite government stimulus.