Canada’s inflation rate is in – and it’s big The latest figures from Statistics Canada indicate that the national inflation rate has reached a decade-high of 3.6% in May, owing to the accelerated growth of costs in shelter, energy, passenger vehicles, and consumer goods. The reading slightly exceeded analysts’ expectations of an increase to 3.5%, [&hellip…
Read more
The latest Bank of Canada announcement on its key overnight rate was viewed by many as signalling bad news for variable rate mortgages. While restating its commitment to keeping the rate at the lower bound of 0.25%, the Bank revised its inflation target, forecasting that it would be sustainable by the second half of 2022 [&hellip…
Read more
Despite some lingering concerns, prospects appear bright for the commercial market as business sentiment rose to near-record levels at the start of 2021, according to the Bank of Canada. The central bank’s latest quarterly survey found that executives have become more optimistic when it comes to their sales and investment projections in the coming year, fuelled [&hellip…
Read more
