Market News: Week Ending March 13, 2026

Market News– Week Ending March 13, 2026

The U.S. Bureau of Labor Statistics reported that the consumer price index rose 0.3% (seasonally adjusted basis) in February. Over the last 12 months, the overall index has increased 2.4%, matching the pace posted in the previous report. The current data also revealed that core inflation (CPI ex food and energy) rose 2.5% (y/y) for February. This report shows further stabilizing of US inflationary pressures over the month. These figures are in line with market expectations. Market participants will remain focused on the recently weaker employment data and these neutral inflation results, heading into the Fed’s pending two-day policy meeting, scheduled for March 17 and 18.

 

Statistics Canada announced that, in January, Canada's merchandise exports fell 4.7% and imports declined 1.1%. As a result, Canada's merchandise trade deficit shifted from $1.3 billion in December to $3.6 billion in this latest report. StatsCan simultaneously released the services trade results and a deficit of $0.1 billion was recorded in January. It is widely expected that trade figures will continue to fluctuate significantly as international trade disputes continue. Regardless, the combined total trade deficit will be a negative sign for overall GDP growth during the first quarter of 2026.

 

The U.S. Department of Labor announced that initial jobless claims totalled 213,000 (seasonally adjusted) in the week ending March 7, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 213,000 to 214,000. The 4-week moving average was 212,000, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised up by 250 from 215,750 to 216,000. These results are in line with market estimates.

 

Regards,

Glenn

Note:
All index performance is in Canadian dollars.

IMPORTANT DISCLAIMERS
The information in this letter is derived from various sources, including CI Global Asset Management, CRA, Bloomberg, National Post, Globe and Mail, Wall Street Journal, Bloomberg, Reuters, Investment Executive, Advisor.ca, MarketWatch, Toronto Sun, The Guardian, MSN.ca and Statistics Canada at various dates. This material is provided for general information and is subject to change without notice. Before acting on any of the above, please contact me for individual financial advice based on your personal circumstances. Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI Global Asset Management has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document.