Oct. 18, 2019


  • September CPI was down 0.4% M/M (1.9% Y/Y), slightly below expectations.
    • Above the national average: Quebec (2.2%), Manitoba 2.2%, BC (2.4%)
    • Below the national average: Alberta (1.3%) with Edmonton 1.4% and Calgary 1.1%
  • Teranet– National Bank National Home Price Index increased 0.1% in September; 5th consecutive gain
    • 6 markets were up including Toronto (0.1%); Calgary (0.2%); Winnipeg (0.6%;) Ottawa (0.8%)
    • Prices were stable in Edmonton and Halifax
    • Declined in Victoria (0.3%); Vancouver (0.5%); Quebec City (0.7%)
  • Head offices in Canada: Ontario has 43.4% (347) and 38.6% of national population while Alberta has 18.3% (146; Calgary 118 and Edmonton 23) and 11.6% of national population.
  • Approximately 4.7 million ballots were cast in advance polls vs 3.657 million in 2015.


  • Vibrant black market persists…Statistics Canada says 40% of Canadians bought at least some of their cannabis from illegal sources between April and June 2019.
  • Seaport Global believes Canada needs about 1,055 stores to service users. Currently there are about 527 stores nationally with 300 in Alberta.
  • As of October 18, 2019, edibles, beverages, extracts and vape pens are legal with sales expected to begin mid-December.
    • Maximum of 10 mg of THC (psychoactive component) permitted per package
  • BioSteel Sports Nutrition is going to offer a CBD (the non-pyschoactive ingredient) infused hydration drink.
  • Molson Coors is teaming up with Hexo Corp to include both CBD and THC infused products.


  • Food prices in China increased 11.2% in September vs 10% in August, led by a 46.7% surge in pork prices.
  • September Chinese car sales declined for the 15th consecutive month.
  • Q3 GDP rose 6% Y/Y, the slowest pace since 1990.


  • Mexican Senate is set to pass a bill legalizing marijuana in the next few days.
  • Canada’s Western Forestry Contractors Association expects to plant 318 million seedlings in 2020 vs 270 million in 2019.
  • Berkeley and San Diego have banned natural gas from building construction. Now more than 50 other cities and counties are considering following suit.
  • Long Island is building a 316-megawatt lithium-ion battery system powerful enough to provide electricity to 250,000 households for 8 hours.
  • Volvo is targeting a 40% reduction in carbon footprint for each car it manufactures by 2024 and plans to be fully carbon neutral by 2040.
  • Tesla has been given approval to start manufacturing in China.
  • Tesla is starting to install “Powerwall” home battery systems in Japan.
  • Walmart has introduced a program to subsidize 3rd party sellers of goods on their website who temporarily discount prices to consumers.
  • US carried out a secret cyber strike on Iran after the September 14th attack on Saudi Arabia.
  • UK and EU have agreed on outline for Brexit deal – needs to be ratified by UK parliament.