Inflation rate expected to drop. What that means for the Bank of Canada - National | Globalnews.ca

BMO Economics is projecting inflation fell by a full percentage point to 3.4 per cent in May, marking a two-year low in the annual rate. That’s despite

Prices for gasoline and oil spiked in the spring and summer of 2022 following Russia’s invasion of Ukraine. Janzen explains that with those price increases falling out of the annual inflation data, the year-to-year price growth will be diminished as a result. Other economic releases in the calendar ahead of the July 12 rate decision such as the June jobs report and the Bank of Canada’s own business outlook survey will inform whether it’s done enough to keep bringing inflation down all the way to the two per cent mark.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TD Bank expects Bank of Canada interest rate hike in July - BNN BloombergTD Bank has upgraded its forecast for Canada`s economic growth, and expects the Bank of Canada will raise rates again in July.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

LACKIE: Extend and pretend means higher for longerI remember reading something about Canada\u0027s propensity for variable rate mortgages and our relatively short mortgage terms would provide our central bank an edge in the inflation fight.
Source: ottawasuncom - 🏆 4. / 92 Read more »