by sasha@traceyrobinson.ca | Sep 6, 2024 | Uncategorized
The Canadian economy grew at a 2.1% annual rate in Q2, a bit stronger than expected, boosted by rapid population growth. Q3 got off to a weak start in July as housing markets remained tepid this summer. Bank of Canada Cuts Rates Another Quarter Point Today, the Bank...
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...
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