Featured Insights
Pace of Price Growth Picked Up in May
Canadian Economics June 25, 2024
Headline inflation picked up in May as price growth for several services accelerated. Price growth for cellular services, which had been a deflationary force in April, added to the CPI’s year-over-year increase in May. Price growth for travel tours, air transportation, and gasoline also added inflationary pressure.
Quick take • 3-min read
Kiefer Van Mulligen
Interest Rate Cut Has Only Struck a Minor Chord with Consumers So Far
Canadian Economics June 24, 2024
The Bank of Canada’s first interest rate cut since March 2022 drove modest consumer confidence gains. Canadians breathed a sigh of relief after the interest rate announcement earlier this month. Households holding mortgage debt are feeling particularly good about the announcement, as many are approaching renewal in a much higher interest rate environment than a few years ago.
Quick take • 2-min read
Walter Bolduc
Higher Sales of Motor Vehicles Offset Falling Sales of Aerospace Products in April
Canadian Economics June 14, 2024
Sales of transportation equipment drove Canadian manufacturing sales up in April, and higher sales of motor vehicles helped to offset falling sales of aerospace products. As a positive omen for near-term sales, new orders for Canadian manufacturing products swung upward by 3.1 per cent in April after a large 4.7 per cent decline in March.
Quick take • 3-min read
Kiefer Van Mulligen
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