#bankofcanada #canadainflation #canadianeconomy
Canada’s inflation rate came in at 3.4% for May. However, rate hikes may still on the table at the Bank of Canada’s July interest rate announcement, as consumer spending continues its resurgence.
Links:
Canada CPI Preview: Forecasts from six major banks, inflation expected to decelerate sharply in May:
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Inflation fell to 3.4 per cent in May — but it may not be enough for Bank of Canada, economists say:
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Inflation surprise puts Bank of Canada in a ‘tough spot’ for rate hikes:
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Dip in inflation may not be enough to stop Bank of Canada from raising rates next month:
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What would economist John Maynard Keynes think of Canada’s high inflation?:
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A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June:
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Inflation slows to 3.4 per cent annual increase in Canada:
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Consumer Price Index, May 2023:
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Summary of Governing Council deliberations: Fixed announcement date of June 7, 2023:
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Canadian retail spending picks up, in defiance of interest rate hikes:
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Canada’s Money Supply Is Growing At The Slowest Rate On Record:
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Monetary aggregates:
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Bank of Canada starts quantitative easing with $1 billion bond purchase:
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Canada’s Money Supply Is Growing At The Fastest Rate In Over 30 Years:
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Bank of Canada plans to keep interest rate near zero until 2023:
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Over 1 In 5 Canadian Dollars Created Didn’t Exist Two Years Ago:
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Canada Money Supply M2:
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Bank of Canada assets and liabilities: Weekly (formerly B2):
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Consumer spending holds strong as retail sales climb:
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