The BIG Picture

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 U.S. Federal Reserve cut interest rates this past week, joining many other major developed central banks who have started to reduce interest rates in recent months.

The slowing in year-over-year price growth to a 2.0% rate - the lowest since February 2021, and right in line with the Bank of Canada’s (BoC's) 2% inflation target - was largely driven by lower gasoline (and oil) prices but broader underlying inflation...

The income earned by graduates has lagged tuition growth, particularly in fields such as engineering, architecture, and related sciences.

A continued decline in inflationary pressures, coupled with ongoing signs of a cooling Canadian economy, prompted the Bank of Canada (BoC) to make its third consecutive interest rate cut this week.

Growth in the third quarter is already looking to undershoot the BoC’s July forecast. We continue to expect another rate cut in October.

Global markets moved higher over the past couple of weeks, with the Canadian equity market rebounding to new highs and U.S. equities nearing their mid-July peak. A

The 2.5% reading is the lowest since March 2021.