#bankofcanada #canadainflation #canadianeconomy
Canada’s inflation rate surprised to the downside in February, diverging from the United States and presenting the Bank of Canada with a real problem: Cut and see the Dollar devalue (pushing inflation up) or keep rates high amid a worsening economy.
Links:
Speech by Senior Deputy Governor Rogers / Discours de la première sous-gouverneure Rogers:
Canada CPI Preview: Forecasts from five major banks, inflation likely increased in February:
Canada's inflation unexpectedly fell to 2.8% in February amid slower grocery price growth:
Return to 2% inflation rate could be a bumpy one. Here’s why:
https://globalnews.ca/news/10366951/canada-inflation-feb-2024-preview/
Policy interest rate:
https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/
Canada's February inflation slows unexpectedly, ramping up June rate cut bets:
https://ca.finance.yahoo.com/news/canadas-inflation-rate-unexpectedly-eases-123448572.html
Consumer Price Index, February 2024:
https://www150.statcan.gc.ca/n1/daily-quotidien/240319/t005a-eng.htm
Traders Boost Odds of June Rate Cut as Canada Inflation Cools:
Canada 5 Year Government Bond:
https://www.cbc.ca/news/business/us-cpi-data-inflation-february-1.7141045
The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING says:
https://ca.finance.yahoo.com/news/federal-cut-interest-rates-6-033847698.html
U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024:
https://www.cbc.ca/news/business/federal-reserve-interest-rate-cuts-1.7058078
Federal Reserve may signal fewer interest rate cuts in 2024 after strong inflation reports:
https://www.usatoday.com/story/money/2024/03/18/federal-reserve-fewer-rate-cuts/72978526007/
The BoC’s Shelter Inflation Problem:
https://economics.td.com/ca-boc-shelter-inflation-problem
The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement:
https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html
Inflation frustration may prompt Fed to dial back rate-cut outlook:
Canadian Dollar/U.S. Dollar:
https://www.theglobeandmail.com/investing/markets/currencies/CADUSD/
Fed will have to keep rates high for longer than markets anticipate, say economists:
https://www.ft.com/content/9d58ff6a-c6c4-4740-b3aa-5699a865c7f4
Canadian economy not in recession, but 2023 was one of its weakest recent years:
https://www.cbc.ca/news/business/canada-gdp-q4-2023-1.7129323
Bank of Canada urged to move 'aggressively' on interest rate cuts:
https://financialpost.com/news/economy/bank-of-canada-urged-move-aggressively-rate-cuts
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