by sasha@traceyrobinson.ca | Aug 20, 2024 | Uncategorized
Today’s good inflation news and weakening economic data suggest that the Bank of Canada will cut its overnight policy rate by another 25 bps on September 4. Additional monetary easing is also likely in October and December, continuing through much of next year,...
by sasha@traceyrobinson.ca | Aug 12, 2024 | Uncategorized
Canadian employment slowed again in July, as the unemployment rate was unchanged at 6.4%. Wage inflation, a lagging indicator, ticked downward to 5.2%. Canadian employment data, released today by Statistics Canada, showed a continued slowdown, which historically would...
by sasha@traceyrobinson.ca | Jul 16, 2024 | Uncategorized
Today’s good inflation news and weakening economic data bodes well for the Bank of Canada to cut its overnight policy rate by another 25 bps on July 24th Inflation unexpectedly slipped 0.1% (not seasonally adjusted) in June, following a 0.6% increase...
by sasha@traceyrobinson.ca | Jul 11, 2024 | Uncategorized
Canadian employment slowed again in June, as the unemployment rate rose two ticks to 6.4%. Wage inflation, a lagging indicator, edged up to 5.4% y/y Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically would have...
by sasha@traceyrobinson.ca | Jun 26, 2024 | Uncategorized
For the first time this year, May data for the Canadian CPI inflation rate were stronger than expected. This reduces the chances of another rate cut in July unless we see a reversal in the June data released a week before the July decision date. Inflation unexpectedly...
Recent Comments