Canada Economics Weekly Wage growth may still be a concern for the Bank The Bank of Canada kicked off its loosened cycle this week and the accompanying communications left the door open for another cut in July, although still-strong wage pressures are one reason why the... 7th June 2024 · 4 mins read
Canada Rapid Response Canada Labour Force Survey (May 2024) The further rise in the unemployment rate in May shows that the labour market continues to loosen, but the surprising pick-up in wage growth still provides reason to be cautious about the idea that... 7th June 2024 · 2 mins read
Capital Daily How Canadian and US bond yields may measure up Although the gap between 10-year Treasury and Canadian Government Bond yields has reached the highest level in at least three decades today, we think it will widen even further in the next couple of... 5th June 2024 · 4 mins read
Canada Economics Update Bank of Canada set to cut again in July Today’s interest rate cut from the Bank of Canada will be the first of many, and the dovish tone of the accompanying communications suggests another rate cut in July is nailed on. As Governor Tiff... 5th June 2024 · 3 mins read
Canada Economics Weekly GDP data unlikely to sway the Bank The weaker-than-expected first-quarter GDP data and downward revision to fourth-quarter growth caused markets to price in a higher chance that the Bank of Canada will cut interest rates next week... 31st May 2024 · 6 mins read
Canada Rapid Response Canada GDP (Q1) The 1.7% annualised gain in GDP in the first quarter was weaker than the Bank of Canada’s forecast for an above-potential 2.8% increase. With consumption growth looking much stronger than expected... 31st May 2024 · 3 mins read
Canada Economics Update Core inflation pressures likely to remain muted We suspect that monthly core price growth will accelerate marginally from the very soft rates seen in the first four months of the year but, on the whole, core price pressures should remain muted... 30th May 2024 · 3 mins read
Bank of Canada Watch Caution favours the hold The rapid easing in core inflation pressures this year means the Bank of Canada is set to cut interest rates either next week or in July. While it will be a very close call, the recent resilience of... 29th May 2024 · 8 mins read
Canada Economics Weekly Mission (almost) accomplished The further fall in headline inflation in April, to a three-year low of 2.6%, means the 2% target could be achieved as soon as August. Whether the Bank of Canada cuts interest rates in a couple of... 24th May 2024 · 5 mins read
Canada Rapid Response Canada Consumer Prices (Apr. 2024) The fourth consecutive 0.1% m/m average increase in the Bank of Canada’s preferred core price measures in April will give the Bank confidence that the further easing in core inflation is being... 21st May 2024 · 3 mins read
Canada Economics Weekly Heading for a weaker second quarter The further evidence of softer activity this week might not be enough to persuade the Bank of Canada to cut interest rates in June, but they add to our sense that rate cuts are coming very soon. 17th May 2024 · 6 mins read
Canada Economics Update Canada Housing Watch (May 2024) The April housing market data show that the spring season is shaping up to be vastly different than last year, with sales dropping back despite higher listings and house prices unchanged. This has... 15th May 2024 · 4 mins read
