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The Bank of Canada Cuts Rates Again in July
Canadian Economics July 24, 2024
Labour market and inflation data are promising for the Bank’s efforts to restore price stability. June’s inflation data indicated cooling. Inflation rose 2.7 per cent year-over-year—0.2 percentage points lower than in May—due in part to the deceleration of goods prices and slower gasoline price growth.
Quick take • 3-min read
Walter Bolduc
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
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