As a follow up to my post about business and consumer confidence in Canada, we got our likely catalyst for the next Bank of Canada rate cut.
Inflation slowed from 2.9% in May to 2.7% in June.
Ball is in BoC's court.
33 sats \ 0 replies \ @Undisciplined 16 Jul
It's amazing that they're celebrating only being 35% over their target, after years of doing much worse.
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10 sats \ 1 reply \ @Msd0457890 16 Jul
Canada has always had a very strong economy and that means it is getting stronger.
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13 sats \ 0 replies \ @grayruby OP 16 Jul
Doesn’t seem to be getting stronger or they wouldn’t be considering reducing rates again.
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