Strong inflation data coupled with housing market rebound makes case for more BoC tightening
Rent and mortgage costs led to the first increase in the annual rate since it peaked at 8.1% in June 2022
Consumers face challenges in the second half of the year, including tighter credit and a weaker job market
Companies paying down debt also reduce their deposits and outstanding loans, according to CIBC
The year-over-year sales decline was markedly smaller than the drops reported in recent months
Credit card performance deteriorating, insolvencies rising, as higher rates and inflation bite
Canada’s April inflation figure anticipated to be well below the 5.2% wage growth
No recession but output dropped in several sectors affected by strikes
StatsCan reports record non-residential permit activity in March
Inflation, end to pandemic assistance drove decline in real incomes