Most forecasters are convinced the central bank will stay on the sidelines this week
Core measures of inflation eased slightly last month
An increase in July's report probably wouldn't be a complete surprise to the Bank of Canada
The bank decided that the cost of waiting too long to raise rates outweighed the benefits
June's decline in inflation was praised by governor Tiff Macklem, but he's also warned the central bank is ready to raise interest rates further. Why?
But Canadians continue to pay substantially higher prices for groceries
Dampened demand expected to lead to price declines
The proportion of consumers surveyed who think a recession is likely was 50%, down from 58% in the previous quarter
Most forecasters expect the Bank of Canada to raise interest rates again in July
Stronger growth, tight labour market, and rise in inflation clinched the decision to raise key interest rate