Major concerns remain upward pricing pressure and inventory buildup
Consumers’ inflation expectations for year ahead also rose
Personal income, disposable income also increased in the month
Cooling housing market curbs growth, StatsCan says
But Canada’s international assets and liabilities grew strongly in the capital and financial account
But real GDP growth exceeded advance estimates of 2.5% growth issued in July
12-month change in July’s IPPI is almost double the year-over-over increase in June
But further interest rates may be necessary to bring inflation down more rapidly, they noted
But it continues to adjust to major global developments
August see the largest one-month decline in confidence since hurricane Katrina