BMO Economics' business activity index rebounded in May after a third wave slump
Consumer spending is on track to rebound strongly in the year's second half, economist says
OSFI's decision to rebuild capital shows faith in banks' strength and the economic recovery
Mortgage borrowing saw its largest month-over-month increase in April
Immigration reignited growth after the pandemic's "lost year"
As equity markets hit new highs, investors piled into bonds
No one wants to relive the double-digit inflation of the 1970s, Yellen told the Senate Finance Committee on Wednesday
The reading compared with a year-over-year gain of 3.4% in April
The household debt service ratio also fell while the household savings rate rose
Data points to continued growth throughout major markets