Economic Growth Remains Sluggish

Canadian Economics    October 31, 2024

Today’s release of GDP estimates continue to highlight that Canada’s economy is moving towards a soft landing as interest rates continue to fall. The economy continues to grow, although only modestly, with the release suggesting GDP was up 1 per cent in the third quarter.

Quick take  •  3-min read
Viktor Cicman

A Prevailing Sense of Optimism Permeates the Atmosphere

Canadian Economics    October 28, 2024

Last Wednesday’s 50 basis cut by the Bank of Canada is expected to offer significant relief to businesses and households, especially for consumers with upcoming mortgage renewals. However, the lagged effect of monetary policy means that a recovery in business and consumer sentiment will not happen overnight.

Quick take  •  2-min read
Loubna Zebiri

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The Bank of Canada Trims Another 50 Basis Points From Its Policy Rate

Canadian Economics    October 23, 2024

Inflation is coming down faster than expected. CPI growth in September slowed to 1.6 per cent year-over-year, down from 2.0 per cent in August. This level of growth has come much sooner than originally forecast by the Bank of Canada. In the Bank’s July monetary policy report (MPR) they had predicted that CPI growth would reach 2.0 per cent in the second half of next year.

Quick take  •  2-min read
Walter Bolduc

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