Businesses and consumers expect inflation to remain elevated in the short term and ease within five years
Settlement balances helped finance pandemic quantitative easing
Wages up 5.1%, unemployment rate at 5.0%
TD expects inflation will fall next year but no consensus on whether BoC will hike rates further
Mortgage interest costs up 14.5%
Rate tightening “likely has reached its zenith,” CIBC economist predicts
The report said $4.6 billion went to ineligible people and another $27.4 billion should be investigated
Central bank may be encouraged by recent inflation cooling: TD economist
Employment up in finance, insurance
The central bank lost $522 million in the third quarter