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The Bank of Canada Trims Another 50 Basis Points From Its Policy Rate

Canadian Economics    October 23, 2024

Inflation is coming down faster than expected. CPI growth in September slowed to 1.6 per cent year-over-year, down from 2.0 per cent in August. This level of growth has come much sooner than originally forecast by the Bank of Canada. In the Bank’s July monetary policy report (MPR) they had predicted that CPI growth would reach 2.0 per cent in the second half of next year.

Quick take  •  2-min read
Walter Bolduc

Manufacturing Sales Drop in August though September’s PMI Picked Up

Canadian Economics    October 17, 2024

After expanding in July, manufacturing sales fell in August. The decline was driven by lower sales of primary metals, petroleum and coal products, and transportation equipment. Sales of manufactured wood products, however, posted a notable month-over-month gain. Within the transportation equipment category, sales weakness was felt unevenly as aerospace product sales expanded to their second-highest level on record.

Quick take  •  2-min read
Kiefer Van Mulligen

Inflation Decelerated Further in September

Canadian Economics    October 15, 2024

Inflation decelerated further in September, dropping below the Bank of Canada’s 2 per cent target. Lower prices for gasoline relative to the same month last year were largely responsible for the weaker pace of price growth. Yet, price pressures have decelerated unevenly. The Bank’s core inflation measures remained the same in September as they were in August, as did the CPI excluding food and energy.

Quick take  •  2-min read
Kiefer Van Mulligen

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