While challenges remain in Canada’s economy, particularly high housing costs, expected rate cuts and continued population growth provide a foundation for renewed prosperity. … READ MORE >
interest rates
Canada’s unemployment rate rose to 6.4 per cent, calling for further rate cuts
The economy lost 1,400 jobs in June. The unemployment rate jumped by 0.2 percentage points to 6.4 per cent and the employment rate fell by 0.2 percentage points to 61.1 per cent. … READ MORE >
Slower pace of hiring in June bolsters case for Fed rate cut
The June jobs report should send a signal to the Fed that with inflation sitting at 2.6%, conditions are aligning for a rate cut in September. … READ MORE >
Job openings rise as the labor market marches toward normalization
Labor demand remained strong in May, bolstering hirings during the month, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >
Manufacturing sector weakens in June
As the Federal Reserve continues to hold rates at an elevated level, demand for manufacturing goods has been dampened for most of the year. … READ MORE >
June jobs report preview: Beveridge curve implies a balanced labor market as hiring cools
We think it will soon be time for the Fed to cut rates to avoid unnecessary damage to jobs and economic growth. … READ MORE >
Fed’s key inflation gauge continues to cool in May as income increases by 0.5%
The Federal Reserve’s preferred measure of inflation continued to ease in May as the personal consumption expenditures Index remained unchanged on the month and rose by 2.6% from a year ago. … READ MORE >
Slower growth raises prospect of a Fed rate cut
Economic growth appeared much softer in the first five months of the year following the release of key economic data on Thursday. … READ MORE >
Canada’s inflation rises to 2.9% but rate cut remains on the table
Disinflation will be the theme in the Canadian economy for the rest of the year, despite the inflation uptick in May. … READ MORE >
U.S. harmonized index of consumer prices: A more accurate metric of disinflation?
Traditional measures of inflation don’t necessarily tell the full story of what is happening with pricing, especially in housing. That’s where other measures like the harmonized index of consumer prices are instructive … READ MORE >