Insights

The level of the overnight rate is still restrictive at 3.75% and the BoC in the press release hinted at future rate cuts will follow to support a return to stronger GDP growth.

Canada's economy continues to be on soft footing, while the U.S. continues to show signs of resilience as inflation declines on an annual basis. Meanwhile, economy activity in Europe is mixed, while since point to more stimulus in China.

The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.

The Fed has finally aggressively lowered interest rates. While a steeper yield curve reflects the market’s optimism that rate cuts will shore up the economic outlook, further steepness could be a sign the Fed will cut rates deeply, likely due to a re

Canada is back at 2% inflation, but it’s too soon to pop the champagne. What’s driving prices now looks very different from before the pandemic.

The narrative has shifted from a focus on inflation to labour markets. With three rate cuts delivered already by the Bank of Canada, and the Federal Reserve due to make its first cut in September, can the global economy stick the soft landing?

The last two-weeks have seen increased volatility in equity markets in the U.S. and abroad. This week we take the time to highlight the reasons why a U.S. economic slowdown isn't truly a bad thing and why recent fears in the market may be overblown.

Another rate cut delivered by the Bank of Canada, while U.S. GDP continues to surprise to the upside. Meanwhile Europe lays the groundwork for further rate cuts, while economic turmoil continues in Asia. Grab your coffee and read to learn to more!

After a first interest rate cut in June, the Bank of Canada (BoC) again lowered its key overnight rate by 25 basis points at its meeting Wednesday, to 4.5%. The move was in line with market and our own expectations ahead of the announcement.