Inflation’s Deceleration in April Bodes Well for Imminent Rate Cut

Canadian Economics    May 21, 2024

April’s CPI figures were broadly positive despite the recent acceleration of gasoline prices. The rampant pace of food price growth appears to be tamed, as prices for food sold in stores grew by only 1.4 per cent year-over-year. However, gasoline price growth accelerated which added some inflationary pressure in April.

Quick take  •  2-min read
Kiefer Van Mulligen

Falling Petroleum and Coal Sales Burned Canadian Manufacturing Sales in March

Canadian Economics    May 15, 2024

Canadian manufacturing sales posted their weakest month-over-month growth since October 2023 with only 4 of 21 subsectors reporting higher sales. Falling sales of petroleum and coal products contributed most to this decline.

Quick take  •  2-min read
Kiefer Van Mulligen

April Showers Didn’t Dampen the Labour Market

Canadian Economics    May 10, 2024

In a weaker business environment, hiring across the economy has slowed. April was an exception to generally softer labour demand, but the fundamentals so far in 2024 remain on the weaker side. Rising labour supply and falling demand is reducing tightness in the labour market. Lower competition for workers is gradually weighing on wage growth, which we expect to decelerate further over the coming months.

Quick take  •  3-min read
Jake Lenarduzzi, Liam Daly

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