Report from the parliamentary budget officer also finds that Canada’s debt level is sustainable over the long term
However, the estimate for June points to a slowdown
Investor exuberance is fading as companies try to stave off a potential recession
Prices up nearly 29% year-over-year for edible fats and oils; air transport up 6.4% month-over-month
Investors fear the Federal Reserve will mirror the full percentage point hike in two weeks
Prices in Q4 will still be up 5% year over year but not up 15% as was expected in April
The central bank now forecasts that inflation will remain at 8% over the next few months
Nearly half of respondents are reining in spending on travelling, dining out and entertainment
The loss in jobs was driven by a decline in self-employment, according to Statistics Canada
Clients who recently bought with variable rate mortgages could face significant monthly bill hikes