Canada Rapid Response Canada Consumer Prices (Feb. 2024) The surprise fall in headline inflation to 2.8%, from 2.9%, is further reason to expect the Bank of Canada to cut interest rates soon, although we still think it will wait until June rather than... 19th March 2024 · 2 mins read
Canada Rapid Response Manufacturing Sales (Jan. 2024) Lower prices mean that the muted 0.2% m/m rise in manufacturing sales in January was better than it looked, with sales volumes rising by a much stronger 1.1%. That strength was entirely due to the... 14th March 2024 · 1 min read
Canada Rapid Response Canada Labour Force Survey (Feb. 2024) The Bank of Canada will be relieved to see renewed labour market slack putting downward pressure on wage growth. While the Bank will need to see wage growth soften further before it pivots to rate... 8th March 2024 · 2 mins read
Canada Rapid Response Canada Retail Sales (Dec. 2024) The strong rise in December means that retail sales volumes rose by close to 5% annualised last quarter, supporting the preliminary estimate that GDP growth turned positive again. With sales volumes... 22nd February 2024 · 2 mins read
Canada Rapid Response Consumer Prices (Jan.) While the larger-than-expected drop in headline inflation in January was partly driven by weaker than expected energy inflation, the Bank of Canada will be pleased to see the more marked easing in its... 20th February 2024 · 2 mins read
Canada Rapid Response Canada Labour Force Survey (Jan.) Although the sharp rise in employment in January may paint a healthier picture of the labour market than what is under the surface, the Bank of Canada will still be concerned about the renewed decline... 9th February 2024 · 2 mins read
Canada Rapid Response Canada Consumer Prices (Dec.) Although the rise in headline inflation in December was mainly due to gasoline price base effects, the more worrying development is that the CPI-trim and CPI-median core measures both rose by a larger... 16th January 2024 · 2 mins read
