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Matt Lundy

@mattlundy.bsky.social
4.7K followers 118 following 136 posts

Economics Editor at The Globe and Mail

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Matt Lundy @mattlundy.bsky.social · 17/03/2026
As a long-time reader and admirer of Mike's work, this is great news. Welcome back!
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Matt Lundy @mattlundy.bsky.social · 04/03/2026
"The letter was sent on Saturday, Feb. 28, hours after the U.S. began bombing Iran." www.theglobeandmail.com/sports/artic...
theglobeandmail.com
U.S. ambassador to Canada requests apology for Globe and Mail column
In a letter to The Globe and Mail, Pete Hoekstra said he was ‘disappointed and outraged’ over Cathal Kelly’s column on U.S. men’s hockey team
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Matt Lundy @mattlundy.bsky.social · 03/02/2026
"The White House’s stop-and-start policymaking—Trump threatened new tariffs on Europe, Canada and South Korea in recent weeks—has also led to what many executives view as a lost year for investment."
wsj.com
U.S. Manufacturing Is in Retreat and Trump’s Tariffs Aren’t Helping
Levies on imports were supposed to bring back a golden age of U.S. manufacturing. They haven’t worked, so far.
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Matt Lundy @mattlundy.bsky.social · 23/01/2026
Chinese EV giant BYD has already made a Canadian foray – and it didn't exactly go to plan. (via @jasonkirby.bsky.social)
theglobeandmail.com
Why BYD’s first manufacturing foothold in Canada was a bust
Replacement parts and language issues were among the challenges for the TTC
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Matt Lundy @mattlundy.bsky.social · 07/12/2025
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Matt Lundy @mattlundy.bsky.social · 25/11/2025
📈📉 One year ago this week, Trump threatened Canada with 25% tariffs. Since then, the country has changed dramatically. Here, in text and charts, we look at 29 ways that Canada has changed in this very turbulent year.
theglobeandmail.com
Twenty-nine ways that Trump has changed Canada
A year ago, the U.S. President first unleashed his threats of tariffs and territorial expansion. Now, our country is different politically, culturally and economically
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Matt Lundy @mattlundy.bsky.social · 02/11/2025
Yamamoto is a wizard.
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Reposted by Matt Lundy
Jens von Bergmann @jensvb.bsky.social · 01/11/2025
Great article on the bottlenecks to building better apartments in Canada. If you ask a random Canadian on the street they will tell you they want shorter high-rises, taller low-rises, and more livable apartments with cross-ventilation. Yet politicians and policymakers force the opposite.
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Matt Lundy @mattlundy.bsky.social · 29/10/2025
And here is @markrendell.bsky.social's write-up.
theglobeandmail.com
Bank of Canada cuts rate to 2.25% and signals easing cycle may be over
Governor Macklem says current policy rate should keep inflation close to 2% while helping economy through ‘structural adjustment’ period
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Matt Lundy @mattlundy.bsky.social · 29/10/2025
Here's our live blog of today's Bank of Canada decision, which lowered the policy interest rate to 2.25% – perhaps the final cut of this cycle.
theglobeandmail.com
Bank of Canada lowers key interest rate to 2.25% in second consecutive cut
Governor Tiff Macklem suggests that it may be the bank’s last rate cut for some time
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Matt Lundy @mattlundy.bsky.social · 29/10/2025
Stark comments from Tiff Macklem: "Increased trade friction with the United States means all that works less efficiently ... What's most concerning is that unless we change some other things, our standard of living as a country, as Canadians, is going to be lower than it otherwise would have been."
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Matt Lundy @mattlundy.bsky.social · 28/10/2025
Most Stellantis workers in Brampton have been on furlough for two years (!). And with the company shifting production to Illinois, they're not confident they're getting their old jobs back.
theglobeandmail.com
Laid-off Stellantis auto workers in Brampton face a grim new reality
The auto sector has long had its ups and downs, but this time feels different for its workers
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Matt Lundy @mattlundy.bsky.social · 25/10/2025
It's just one game!
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Matt Lundy @mattlundy.bsky.social · 25/10/2025
Is this real life?
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Matt Lundy @mattlundy.bsky.social · 24/10/2025
The Carney government wants to double non-U.S. exports in a decade. How feasible is that? @markrendell.bsky.social and @jasonkirby.bsky.social break it down:
theglobeandmail.com
Can Canada really double non-U.S. exports in a decade?
Idiosyncratic factors such as the price of gold or the number of foreign students could make or break the country’s diversification hopes
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Matt Lundy @mattlundy.bsky.social · 22/10/2025
😱
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Matt Lundy @mattlundy.bsky.social · 21/10/2025
Great piece from @markrendell.bsky.social on Canada's cabinet and furniture makers, who warn of a "blood bath" as the contend with new American tariffs on their orders.
theglobeandmail.com
Canadian cabinet and furniture makers warn of ‘blood bath’ as Trump tariffs bite
Industry representatives are asking Ottawa for more support, including protection from low-cost products made in China and Vietnam
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Matt Lundy @mattlundy.bsky.social · 15/10/2025
Thanks for reading and sharing!
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Matt Lundy @mattlundy.bsky.social · 15/10/2025
Maybe the best (and most worrying) chart in the package.
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Matt Lundy @mattlundy.bsky.social · 15/10/2025
📈📉 Ten charts that explain Canada's weird, messy and complicated housing markets:
theglobeandmail.com
Ten charts that explain Canada’s messy and complicated housing markets
The peak of real estate madness is behind us, but it seems as if the crisis is not going anywhere
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Reposted by Matt Lundy
Andrea Woo @andreawoo.bsky.social · 15/10/2025
All seven obstetrician-gynecologists at Kamloops hospital resign “It is fairly unprecedented for an entire group of physicians to depart, but with the state of obstetrics in our community…we see no viable way forward.” www.theglobeandmail.com/canada/briti...
theglobeandmail.com
Seven OB/GYNs at B.C. hospital resign, citing unsafe workloads, lack of support
Years of challenges have made the situation untenable, doctors say in letter obtained by The Globe
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Matt Lundy @mattlundy.bsky.social · 14/10/2025
Terrible, terrible news. One of the great recording artists of the last 30 years.
pitchfork.com
D’Angelo, Groundbreaking R&B Artist, Dies at 51
From his 1995 debut Brown Sugar to his 2014 comeback Black Messiah, he helped define the neo-soul movement
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Matt Lundy @mattlundy.bsky.social · 08/10/2025
A record $1-million fine for violating the rules of the Temporary Foreign Worker Program – nearly triple the previous high.
theglobeandmail.com
N.B. seafood processor fined record $1-million for breaking temporary foreign workers rules
Bolero Shellfish Processing hit with 10-year ban on using TFW program, plans to challenge Ottawa’s decision in court
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Matt Lundy @mattlundy.bsky.social · 27/09/2025
A nuanced and entertaining read on the TFW program — and specifically its agriculture stream — from @jasonkirby.bsky.social. Maybe the best piece ever written on the program. www.theglobeandmail.com/business/art...
theglobeandmail.com
Meet the migrant workers Canadian farmers depend on to harvest their crops
In Ontario’s Norfolk County, workers are shaping the community, changing lives back home and keeping food on our tables
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Matt Lundy @mattlundy.bsky.social · 05/09/2025
Microsoft went public when Trump was nearly 40.
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Matt Lundy @mattlundy.bsky.social · 29/08/2025
Why is youth unemployment so high in Canada? Here's our feature (and a gift link):
theglobeandmail.com
The summer funk isn’t over yet for young, jobless Canadians
With the youth unemployment rate at a rare high, Gen Z is scrambling for entry-level work – and there’s no hope of a quick fix, economists say
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Matt Lundy @mattlundy.bsky.social · 13/08/2025
Really enjoyed this!
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Reposted by Matt Lundy
Luke Kawa @ljkawa.bsky.social · 01/08/2025
No other way to slice it: this is incredibly fucked up.
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Matt Lundy @mattlundy.bsky.social · 17/07/2025
And here's what the trend looks like:
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Matt Lundy @mattlundy.bsky.social · 17/07/2025
This is one of the biggest shifts in the Canadian housing market, and frankly a rare bright spot: We're building a lot of rental units, even as the economics prove challenging for other housing types.
theglobeandmail.com
Canada is building lots of rental housing – and losing interest in condos
Rental housing starts are in a boom period, at nearly double the condo starts over the last year
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Matt Lundy @mattlundy.bsky.social · 09/07/2025
This lede. 😂 "Two Republicans named Kevin are vying to be the next chairman of the Federal Reserve."
wsj.com
Exclusive | Two Kevins Battle to Be Next Fed Chair in Trump’s Apprentice-Style Contest
Kevin Hassett emerges as contender to succeed Jerome Powell, posing possible threat to Kevin Warsh
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Matt Lundy @mattlundy.bsky.social · 08/07/2025
"Finally, nothing is written in stone in Trump World. There are no binding accords, negotiated over years by experts, spelling out legal obligations in minute detail. ... International trade law is being rewritten with sketches on the back of a wet cocktail napkin."
theglobeandmail.com
Opinion: Trump’s trade goals are becoming clearer. Brace for impact, Canada
U.S. President just wants to tell Americans he won, which means the other side must bend the knee, kiss the ring and say thank you
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Matt Lundy @mattlundy.bsky.social · 25/06/2025
👀 From Rob Carrick's (sorta) last column: "A guy once walked up to me while I was showering at the gym to ask if I thought the government would raise the contribution limit for tax-free savings accounts that year."
theglobeandmail.com
Eight lessons learned in 27 years of covering personal finance and investing
Even though we are in a golden age of personal finance, things are tough for both young and old
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Matt Lundy @mattlundy.bsky.social · 19/06/2025
💀 "Canada’s national housing agency says it is no longer possible to build enough homes to bring housing affordability back to 2004 levels and it will starting using 2019 as a more realistic benchmark." www.theglobeandmail.com/business/art...
theglobeandmail.com
CMHC gives up on goal to return to 2004 housing affordability levels
2019 will now be used by the national agency as a more realistic benchmark for housing
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Matt Lundy @mattlundy.bsky.social · 11/06/2025
Meanwhile, imports from New Zealand and Australia have jumped ~30 per cent, year over year. France and Italy have risen by 13.6 per cent and 7.6 per cent. Importers are filling the US-sized hole in supply.
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Matt Lundy @mattlundy.bsky.social · 11/06/2025
In April, Canadian imports of U.S. wine plummeted 94 per cent (!) from the monthly average last year, owing to widespread bans. Gift link: www.theglobeandmail.com/gift/d6b0095...
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Matt Lundy @mattlundy.bsky.social · 04/06/2025
👀
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Matt Lundy @mattlundy.bsky.social · 27/05/2025
Tony Keller on the One Big Beautiful Bill: "It’s reverse Robin Hood economics. It’s stealing from the poor and the future, to give to the wealthy and the present."
theglobeandmail.com
Opinion: Trump is inverting everything
The U.S. President keeps doing things guaranteed to yield bad outcomes, rather than upping his odds for success
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FinTwitter @fintwitter.bsky.social · 26/05/2025
Trump does not plan to produce t-shirts or socks in the United States
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Matt Lundy @mattlundy.bsky.social · 22/05/2025
My story on Spier & Mackay (a favourite of @dieworkwear.bsky.social), which has faced US tariffs as high as 170% this month.
theglobeandmail.com
How a Canadian suit maker got slammed by Trump’s China tariffs
Despite shipping all its products from Mississauga, Spier & Mackay has faced U.S. tariffs as high as 170 per cent this month on its Chinese-made garments
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Matt Lundy @mattlundy.bsky.social · 14/05/2025
Outstanding pick.
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Matt Lundy @mattlundy.bsky.social · 02/05/2025
This is one of the worst job markets for university/college grads in decades. “Youth have borne the brunt of Canada’s weaker labour market,” says one economist. www.theglobeandmail.com/business/art...
theglobeandmail.com
The job market for new Canadian graduates is brutal – and could get even worse
The jobless rate for recent grads is one of the worst in decades, excluding the pandemic, as young workers bear the brunt of Canada’s weakened labour market
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Matt Lundy @mattlundy.bsky.social · 01/05/2025
Thanks, Armine!
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Matt Lundy @mattlundy.bsky.social · 30/04/2025
"Across Ontario, 25 per cent of properties bought in 2022 and sold in 2024 suffered a loss in value. The median loss was $45,000, while in the Toronto-region it was a little higher at $56,000."
theglobeandmail.com
In Ontario, selling at a loss becomes commonplace
A quarter of properties bought in 2022 and sold in 2024 lost value, study finds
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Reposted by Matt Lundy
The Globe and Mail @theglobeandmail.com · 24/04/2025
theglobeandmail.com
First-time homebuyers in Ontario are getting older, and fast
The cost of owning a home has eased for four straight quarters, but this burden remains higher than at any time since 1990
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Matt Lundy @mattlundy.bsky.social · 22/04/2025
"The Globe and Mail asked the Liberals, Conservatives and New Democrats whether they’d like to see their policies bring down home prices. None of them answered the question."
theglobeandmail.com
This election was supposed to be about restoring hope for young Canadians. What happened?
The plight of young people has faded into the background, as the trade war with the U.S. takes centre stage in Canada’s federal election
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Matt Lundy @mattlundy.bsky.social · 22/04/2025
“When I went to the booking site of Italian train operator Trenitalia … I counted 54 departures on Saturday alone from Rome to Milan – the same distance as Toronto to Montreal.”
theglobeandmail.com
Opinion: Speed, comfort, low emissions: Europe’s expanding high-speed rail networks offer lessons for train laggard Canada
The inability to launch a successful Toronto-to-Montreal high-speed train is a national embarrassment, especially since the route is essentially flat
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Matt Lundy @mattlundy.bsky.social · 11/04/2025
LINKEDIN POST: What I learned about personal growth from rising bond yields. ...more
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Matt Lundy @mattlundy.bsky.social · 10/04/2025
⬇️ Canadian car travel to the U.S. fell 32% in March, year over year. International arrivals at major U.S. airports are tanking. Delta Air Lines is scrapping is financial guidance. The travel industry is a mess.
theglobeandmail.com
Canadians are leading the charge on a tanking U.S. travel industry
Airport arrivals and vehicle traffic flows show the extent to which international travellers, especially Canadians, are avoiding the U.S.
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Matt Lundy @mattlundy.bsky.social · 09/04/2025
Great yarn here. “We didn’t write the paper as an encouragement for any country, in particular the U.S., to start the trade war. That was never intended.”
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