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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 income earned by graduates has lagged tuition growth, particularly in fields such as engineering, architecture, and related sciences.
Growth in the third quarter is already looking to undershoot the BoC’s July forecast. We continue to expect another rate cut in October.
The 2.5% reading is the lowest since March 2021.
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.
The latest Business Outlook Survey largely confirmed further normalizing in a few key areas that the central bank has deemed critical to future inflation trends.
We analyze the proposed federal budget measures, and the effect they may have on Canadians and their families.