Stubbornness of high inflation divides Federal Reserve on managing interest rates
Rising rates, benchmark reform, commodity prices all affected activity
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
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
To calm fears, DBRS calls for the return of a crisis-era guarantee
The hike — the 12th in a row — puts more pressure on borrowers