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Index of Consumer Confidence Drops in August
Canadian Economics August 30, 2024
The August survey results indicate that Canadians continue to have a negative outlook regarding their finances. The two consecutive key rate cuts that have been made by the Bank of Canada so far did not change much for households’ financial situations as they are still feeling the burden of accumulated debt levels.
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Pace of Price Growth Moderated Further in July
Canadian Economics August 20, 2024
In July, CPI growth slowed to 2.5 per cent on a year-over-year basis from 2.7 per cent in June. Core inflation measures also decelerated—even shelter costs (which remain a concern for the Bank)—supporting the Bank of Canada’s dovish turn. Considering recent trends, the Bank has shifted some of its language for describing the inflation outlook.
Quick take • 3-min read
Kiefer Van Mulligen
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A Not-So-Jovial June for Manufacturing
Canadian Economics August 16, 2024
A rail strike appears increasingly likely, and such an event could have significant economic consequences, disrupting the supply chain system. The ongoing labour dispute, involving workers at Canadian Pacific Kansas City (CPKC) and Canadian National (CN) railways, suggests that a strike could commence as early as August 22 if an agreement is not reached.
Quick take • 2-min read
Kiefer Van Mulligen
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