What economists are saying
As illustrated, money markets see greater than 80% odds of no changes to the bank’s overnight rate for the remainder of this year. But it now sees greater probabilities that there will be a hike rather than a cut.
Inflation hasn’t been running this slow since 2021, but that’s still not enough to satisfy Canadian central bankers who are laser focused on returning price growth to its 2% target. ... The slowdown in the year-over-year rate was the result of base effects, with a very large monthly increase falling out of the annual calculation.
Markets are no longer pricing in rate cuts in Canada this year and have opened the door to further hikes in the near term. However, with the recent global banking system stresses unexpectedly tightening financial conditions, we think rate hikes are now a thing of the past and cuts will begin around the turn of the year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victoria hosting first Canadian conference for bat biologists; white-nose syndrome a main topicThey’ll discuss threat of white-nose syndrome and international conservation issues.
Read more »
‘A victory’: Three convicted in Canadian snowbird’s disappearance in MexicoMalcom Madsen’s girlfriend, her son and brother were convicted of “disappearance committed by individuals,” four and a half years after daughter Brooke Mullins first sought justice.
Read more »
Russian billionaire couple claims Canadian sanctions are unjustified and unreasonableRussian billionaire Andrey Melnichenko and his wife were placed on list of 122 sanctioned individuals tied to Vladimir Putin’s government in October, 2022
Read more »
Russian billionaire couple claims Canadian sanctions are unjustified and unreasonableThe couple claim the Canadian government has failed to provide them with any evidence to justify their inclusion on the list
Read more »
Russian billionaire couple claims Canadian sanctions are unjustified and unreasonableRussian billionaire Andrey Melnichenko and his wife Aleksandra want to be taken off Canada's sanctions list, claiming in Federal Court they've been wrongfully labelled as 'elites and close associates' of the Russian regime.
Read more »
Amy Poehler & Catherine O’Hara Gush About Ariana Grande In Canadian Screen Awards Sneak PeekThe Canadian Screen Awards airs tonight, with Samantha Bee hosting the pre-recorded special featuring highlights from the four days of award events that concluded Friday. Among those highlights is Catherine O'Hara receiving the Academy Icon Award, with the 'Schitt's Creek' star appearing in person during the gala ceremony held on Friday night. In addition to…
Read more »