Featured Insights
Inflation Decelerated Further in September
Canadian Economics October 15, 2024
Inflation decelerated further in September, dropping below the Bank of Canada’s 2 per cent target. Lower prices for gasoline relative to the same month last year were largely responsible for the weaker pace of price growth. Yet, price pressures have decelerated unevenly. The Bank’s core inflation measures remained the same in September as they were in August, as did the CPI excluding food and energy.
Quick take • 2-min read
Kiefer Van Mulligen
Job Bounce Ends Months of Stagnation
Canadian Economics October 15, 2024
September marks the first decline in the unemployment rate since January, with the rate now at 6.5 per cent. This month’s labor market data indicates robust job creation particularly driven by substantial increases in various service sectors.
Trade Deficit Widens to $1.1 Billion in August
Canadian Economics October 8, 2024
Exports of energy products posted sharper declines than all other product categories. Concerns over oil demand exerted downward pressure on crude oil prices. Therefore, the monthly decline in energy exports can mainly be attributed to lower prices of crude oil. Additionally, exports of forestry products and building and packaging materials fell to $3.8 billion in August—its lowest level since July 2023.
Quick take • 2-min read
David Ristovski
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