Inflation in Canada rose to a decade high of 3.6% y/y in May from 3.4% y/y in the prior month. Statistics Canada’s various measures of core inflation – common, median, and trimmed mean – all accelerated,…
According to BCA Research’s Counterpoint service, the Canadian Dollar is set to weaken as the inflation bubble bursts. What caused the inflation bubble? The answer is that as industries reconfigured for the end of…
As expected, the Bank of Canada left policy unchanged at its Wednesday meeting and reiterated its message that a decision to taper asset purchases will depend on the “strength and durability of the recovery”. This…
Canada’s May Employment report missed expectations on Friday, sending a downbeat message about the labor market recovery. A net 68 thousand jobs were lost in May, which is more than the 25 thousand loss expected by the…
Highlights Global Tapering: The Bank of England has joined the Bank of Canada as central banks tapering the pace of bond buying. Markets are now trying to sort out who is next and concluding that it will not be the Federal Reserve,…
Highlights Developed economies continue to transition towards a post-pandemic state. Europe has further to go, but it is lagging the US at a constant rate and is thus merely delayed – not on a different path. This ongoing…