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Inflation hits a decade high

Inflation accelerated again in May, due mainly to “base effects” on gasoline prices which recovered from the plunge last spring. Higher prices for consumer goods, including cars, new homes and food also contributed to the strong inflation figure last month. Going forward, we expect strong consumer spending coupled with supply shortages will keep inflation hot for the rest of 2021.

Quick take  | 2-min read
June 16, 2021
Focus Area—Canadian Economics

Bank of Canada continues to hold rates steady until inflation objective is met

The Bank of Canada held its policy interest rate steady while continuing its weekly net purchases of Government of Canada bonds with a target of $3 billion per week. CPI inflation is around the top of the 1-3 per cent target range but the Bank expects that to ease in the second half of the year.

Quick take  | 2-min read
June 9, 2021
Focus Area—Canadian Economics

Growth hinges on vaccine roll-out: Major City Insights

In cities across Canada, economic recovery from the devastating impact of the COVID-19 pandemic depends largely on the vaccine rollout and containing the spread of the virus. The hardest-hit sectors of the economy—particularly those that depend on people gathering in public—will take longer to recover.

Online experience  | 8-min read
June 8, 2021
Focus Area—Canadian Economics

Keep Moving: Sustainable Mobility After the Pandemic

Sustainable mobility is facing some very real challenges from COVID-19. Transit ridership has collapsed. Rising single-occupancy vehicle travel and suburban flight pose genuine threats to the progress many Canadian cities have made. Deep uncertainty remains about the persistence of these behaviours and their implications for urban mobility.

Issue briefing  | 15-min read
June 2, 2021
Focus Area—Sustainability