Inflation on BOC Rate Cuts
Bank of Canada May view on April Inflation
Statistics Canada said on Tuesday that inflation cooled last month in 2.3% in March, although that drop was almost entirely because of the end of the consumer carbon price at the beginning of April.
Inflation excluding energy costs jumped to 2.9% in April.
The ongoing US-Canada trade war may have contributed in part to higher prices for groceries and motor vehicles.
Given a weak growth outlook for much of 2025, we continue to expect further rate reductions.
Full Read:
- https://www.mpamag.com/ca/mortgage-industry/market-updates/stubborn-inflation-could-complicate-bank-of-canadas-path-ahead-on-rate-cuts/536303?hsmemberId=624931&tu=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_campaign=&utm_medium=20250523&_hsenc=p2ANqtz-8QS5R7ZBVO8qVar4kmkdL4B4BEiLa6GcPC-JyZxG3ggIw8GUR8izSLNjOZWBXlDZE_lY41kW9SlCFZMtaMsJhkcVJu684cHqsjXOtSqFXbn6qLuUg&_hsmi=362976925&utm_content=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_source=