On the surface, the Consumer Price Index data for January looks like inflation has finally been defeated. But soaring food prices and mortgage interest costs are continuing to take a bite out of household finances.
For the second straight month, Canada's headline inflation rate surprised to the downside, all but guaranteeing another Bank of Canada rate pause at its April 6 meeting.
Canada's economy continued to motor on in March with the creation of nearly 35,000 new jobs, once again beating economist forecasts.
After spending most of the past year at or near record lows, Canada's mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.
Canada's headline inflation reading ticked up in April, ending a five-month deceleration streak.
While the pace of fixed-rate increases has slowed, lenders continued to bump mortgage rates higher this week, including three of the big banks.
The creation of 60,000 new jobs in June wasn't enough to keep the national unemployment rate from rising to a seven-month high.
While the Bank of Canada's latest growth forecasts remain positive for the year ahead, Canadians aren't taking any chances.
The latest barometer of Canada's economic growth is being described as "disappointing," which some say could be enough to avoid any further Bank of Canada rate hikes.