Resilient US Growth Contrasts With Softer Canadian and Japanese Demand

State Street Investment Management’s Simona Mocuta, Amy Le and Krishna Bhimavarapu assess diverging economic signals across the US, Canada and Japan. wep-20261012

• US services remain resilient, but consumer sentiment is near record lows as inflation pressures persist.
• Canada’s weakening labour market reduces the case for another near-term Bank of Canada rate hike.
• In Japan, rising wages have yet to translate into stronger consumption, supporting a cautious approach from the Bank of Japan.

Explore the full report for State Street’s latest assessment of global growth and monetary policy.