Inflation likely gained pace in August, economists expect, reversing progress
Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
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Bank of Canada
National home sales fall 4% between July and August as market slows: CREA
The Canadian Real Estate Association says home sales slowed last month as they tumbled by roughly four per cent between July and August.
Ottawa’s housing market picked up slightly in August compared with a year earlier, but the leader of the city’s real estate board warned more fluctuations
Interest rate hikes might be over but don’t expect housing market to flare up: BMO
One Bay Street economist says it’s unlikely the housing market will flare up, despite the Bank of Canada’s decision to keep its key interest rate
Bank of Canada may need to raise interest rates again, despite this week’s hold: Macklem
Bank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.
Weakening economy convinces BoC to hold key rate, but door to more hikes stays open
The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins
Economists see Bank of Canada holding on rates after surprise GDP contraction
Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada’s rate hiking campaign may be
As inflation jumps to 3.3 per cent in July, economists say uptick is bad news for BoC
Canada’s annual inflation rate rose to 3.3 per cent in July as worries grow that progress on getting prices under control will stall.
Economists expect rise in inflation as price growth fight enters new phase
Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines
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