Although core inflation looks a bit more benign than topline inflation, RSM expects July’s U.S. labor data to reflect flat growth in real wages amid an ongoing affordability crisis. … READ MORE >
consumer spending
Canada’s consumer price index falls to 2.8% due to lower gas prices
Canada’s latest consumer price index data and inflation statistics mark a firm return to price stability—but uncertainty persists regarding energy prices. … READ MORE >
Bank of Canada holds interest rate again amid signs of economic recovery
The Bank of Canada held its overnight rate at 2.25 per cent—a widely expected move, but one delivered with a dovish tone amid ample signs of economic recovery. … READ MORE >
Inflation peaked in May—but return to pre-war levels not coming soon
While it is highly likely that U.S. inflation peaked in May, one should not anticipate a return to pre-war levels of inflation any time soon. … READ MORE >
Bank of Canada holds interest rate amid global uncertainty, domestic strain
The Bank of Canada kept its key interest rate at 2.25 per cent—a fifth consecutive hold—due to the elevated level of uncertainty around the direction of the domestic economy and the global financial implications of the war in the Middle East. … READ MORE >
Bank of Canada holds interest rate again as economic uncertainty mounts
The Bank of Canada again maintained its key interest rate in a decision that provided little in the way of new information or an updated evaluation on the rapidly changing global economic environment. … READ MORE >
Holiday shopping scams are growing—here’s how to outsmart them
Awareness and vigilance are your best holiday defences as cyber scams surge and AI-powered deception looks nearly indistinguishable from reality. … READ MORE >
Bank of Canada cuts interest rate again in attempt to spur sluggish economy
Canada’s economy is slowing to the point that the Bank of Canada was comfortable making another interest-rate cut as it lowered its policy rate to 2.25 per cent. … READ MORE >
Canada’s economy slowing as major free-trade renegotiation looms
Canada’s subdued economic activity and the drop in inflation despite ongoing tariffs imply that the Bank of Canada could cut interest rates again this year. … READ MORE >
Bank of Canada cuts interest rate to 2.5% amid economic, labour challenges
The Bank of Canada cut its key interest rate to 2.5 per cent as a slowing economy and rising unemployment likely contributed to the unexpected policy action. … READ MORE >