Price pressures eased again in February, setting the stage for a BoC rate cut by mid-year. Great News On The Inflation Front The Consumer Price Index (CPI) rose 2.8% year-over-year in February, down from the 2.9% January pace and much slower than the 3.1% expected...
February’s jobs report was mixed, with sizable employment gains but a rising jobless rate. Wage inflation is still too high at 5.0%. February Job Gains Double Forecast As Unemployment Rate Ticks Up Today’s StatsCanada Labour Force Survey for February was a mixed...
The Bank of Canada held rates steady once again, but it is resisting expectations of an imminent rate cut until underlying inflation is clearly within target range. The Bank of Canada Holds Rates Steady Until Core Inflation Falls Further Today, the Bank of Canada held...
The Canadian economy sidestepped a recession in 2023 as Q4 growth moved back into positive, though moderate, territory, and the Q3 contraction was once again diminished to -0.5%. Still No Recession In Canada Thanks to Huge Influx of Immigrants Real gross domestic...
The Bank of Canada held rates steady once again, and the more dovish press release hints at rate cuts later this year. The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth...
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