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...
by sasha@traceyrobinson.ca | Jun 3, 2024 | Uncategorized
The Canadian economy grew at a weaker-than-expected 1.7% in Q1, while Q4-2023 growth was revised down to 0.1% from 1.0%, increasing the chances of a rate cut next week. Odds of a Rate Cut Next Week Rise with Disappointed Canadian GDP Growth The likelihood of a rate...
by sasha@traceyrobinson.ca | May 21, 2024 | Uncategorized
Excluding shelter, core inflation falls to 1.7%, increasing the odds if a rate cut at June 5 meeting. The Consumer Price Index (CPI) rose 2.7% year-over-year (y/y) in April, down from 2.9% in March. This marks the fourth consecutive decline in core inflation. Food...
by sasha@traceyrobinson.ca | Mar 20, 2024 | Uncategorized
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...
by sasha@traceyrobinson.ca | Mar 12, 2024 | Uncategorized
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...
by sasha@traceyrobinson.ca | Mar 6, 2024 | Uncategorized
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...
Recent Comments