Canada’s central bank will hold rates in June despite the economy’s rising headwinds, according to BMO. In a report to investors, the bank warns accelerating core inflation is now above 3%—not just above the Bank of Canada’s (BoC) target rate, but also above its upper tolerance range. Slowing economic factors may bring down inflation eventually, […]
Canadian inflation slowed last month, though most people are unlikely to have noticed much savings (if any). Statistics Canada (Stat Can) data shows the headline Consumer Price Index (CPI) slowed in April. It was a result of last month’s removal of the consumer carbon tax, leading to an abrupt but temporary decline. However, a look […]
One of Canada’s largest banks is sounding the alarm on excessive easing at the wrong time. The Bank of Canada (BoC) slashed its key policy rate earlier this month, despite warning of rising inflation approaching its tolerance. A new report from Scotiabank outlines how the central bank has been disregarding rising inflation data, and rushing […]
Canada’s tax holiday ran for two months but it probably felt much shorter, and with good reason. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) accelerated in January. The central bank’s preferred inflation measures are now approaching the upper bound, and will bust through it like the Kool-Aid Man once the temporary […]
Canadian inflation is being tamed rapidly, sparking fears that the economy will cool and require stimulus soon. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth fell sharply in September. The slowdown was primarily the result of gasoline, with inflation showing little progress when excluded. However, experts still see this clearing […]
Canadian inflation is under control, as expected with the country’s unique modeling strategy. The Statistics Canada (Stat Can) Consumer Price Index (CPI) shows annual growth slowed in July. The quick slowdown was due in part to a circular reporting model, where central bank rate decisions have significant influence on the report itself. Slowing headline inflation […]
Canadian inflation got a bump in last month’s report; new data shows it was just noise. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) growth rate slipped in June. The headline inflation measure came in below analyst expectations, clearing the way for the Bank of Canada (BoC) to cut rates further this […]
Canada just lost some progress on the war against inflation. Statistics Canada (Stat Can) released the Consumer Price Index (CPI) showing a mild acceleration for inflation in March. While minor, the move was broad based, primarily being driven by energy and shelter costs. Canadian Headline Inflation Saw Broad Based Acceleration Canadian inflation is heading in […]
Canada’s central bank is going to be more comfortable holding off on rate cuts. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) surged in January, defying analyst expectations. Over just two months, 2024’s growth is already equivalent to all growth seen in 2023. However, it’s not clear how the momentum continues since […]
Canada’s economy went from mass shortages to excess in roughly zero-to-five. The Bank of Canada (BoC) announced a widely expected hold for its key interest rate this morning. There are encouraging signs when it comes to moderating inflation, and in their opinion more time at these levels will help bring it back to their target […]
