#CanadaInflation #CanadianInflation #CanadianEconomy

Canadian inflation expectations have hit new records according to two new surveys released by the Bank of Canada. The surveys will put even more pressure on the Bank to raise interest rates at the July 14 Policy Announcement.

Both Canadian consumers and businesses expect the inflation rate to remain elevated for at least the next two years, with over half questioning whether or not the Bank of Canada can get it back to its target range within the next few years.

Given that the Bank of Canada has already raised rates by 125bps this year, with more on the way, Canadians increasing their inflation expectations isn’t a great sign for the progress made by the Bank of Canada.

LINKS:

Canadian Survey of Consumer Expectations—Second Quarter of 2022:

[ Ссылка ] -expectations-have-increased-at-all-horizons

Business Outlook Survey—Second Quarter of 2022:

[ Ссылка ]

Media availability on June 2, 2022 / Point de presse le 2 juin 2022:

[ Ссылка ]
Soaring inflation expectations raise odds of super-sized Bank of Canada hike: [ Ссылка ]

Inflation Expectations Hit Record in Bank of Canada Surveys:

[ Ссылка ]

A supersize rate hike is expected from the Bank of Canada:

[ Ссылка ]

US Federal Reserve Hikes Interest Rates By 75bps:

[ Ссылка ]
 
Inflation skyrockets to highest level in nearly 40 years as gas prices soar:

[ Ссылка ]

Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners Road East
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
MarkMitchell@LondonOntarioMortgages.ca
Brokerage Lic: 10464
Broker Lic: M16001479
[ Ссылка ] – Apply Online!!
Youtube Channel: [ Ссылка ]

Subscribe NOW for more Mortgage/Financial News/Videos.
Follow me on Social Media:
Instagram - [ Ссылка ]
Facebook - [ Ссылка ]
Twitter - [ Ссылка ]
LinkedIn - [ Ссылка ]
TikTok - [ Ссылка ]
Commentary on this Channel should not be considered financial advice.

свернуть