
inflation forecast


Strong U.S. inflation could delay rate cuts on both sides of the border
While the Bank of Canada left its benchmark rate unchanged as expected today, markets instead turned their attention to today’s hot U.S. inflation report.

We could reach 2% inflation by this summer: National Bank
Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?
National Bank of Canada thinks so.

Bank of Canada sends dovish signals, keeping mid-year rate cut forecasts in play
As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July.

BoC’s Macklem: Until inflation reaches 2%, “our job is not done”
Despite positive developments on the inflation front, the Bank of Canada won’t rest until it returns to the Bank’s 2% target. And rate hikes remain in the Bank’s back pocket if need be.

Bank of Canada concerned inflation could remain “stuck” above 2%
While the Bank of Canada expects inflation to continue to ease this year, it is also concerned about the risk of inflation becoming “stuck materially” above its 2% target.

BoC’s Macklem: Rate hikes will end soon, but “we are not there yet”
The Bank of Canada is nearing the end of its rate-hike cycle, but it’s not quite there yet.

“Sticky” inflation raises the odds of another 75-bps rate hike
Markets raised the odds of another 75-bps rate hike by the Bank of Canada next week following the release of September’s inflation data.

BoC’s Macklem: More interest rate hikes are “warranted”
Despite raising interest rates by 300 basis points with five consecutive hikes this year, the Bank of Canada confirmed on Thursday that rates need to go higher yet.