Inflation’s Deceleration in June Could Usher In a July Rate Cut

Canadian Economics    July 16, 2024

Headline inflation ticked down in June. Gasoline prices were nearly flat compared with the same month last year, which helped to moderate price growth. The CPI’s year-over-year deceleration was also aided by lower prices for telephone services, traveller accommodation, and furniture. The pace of price growth for goods decelerated to 0.3 per cent (y/y) from 1.0 per cent in May.

Quick take  •  3-min read
Kiefer Van Mulligen

Aerospace Products Lifted Manufacturing Sales in May

Canadian Economics    July 15, 2024

Building on a gain in April, Canadian manufacturing sales increased slightly in May. Sales of aerospace products were a key contributor to month-over-month growth, reaching their highest nominal level on record.

Quick take  •  2-min read
Kiefer Van Mulligen

Trade Deficit Widens to $1.9 Billion in May

Canadian Economics    July 3, 2024

Exports of metal and non-metallic mineral products posted a sharper decline than all other product categories. Specifically, exports of unwrought gold, silver, platinum group metals, and their alloys decreased by 17.1 percent. The value of unwrought gold exports has shown significant monthly fluctuations due to changes in volumes and prices.

Quick take  •  2-min read
David Ristovski

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