The Bank of Canada said interest rates will need to rise further to bring inflation down to its 2% target
Short-term inflation expectations remain high
Cooling in energy markets takes the edge off price pressure
Consumer insolvency rose to the highest level since the start of the pandemic
Prices have yet to respond to rising mortgage rates, Moody's reports
Output growth outpaced hours worked for a change, but productivity lags pre-pandemic level
GDP and job markets bounced back from the pandemic, but R&D and business investment still lag
European regulators warn of further market corrections
BoC still says economy’s overheated while real GDP rose 0.8% in Q2
The goods surplus hit its highest mark since the global financial crisis