The data this week showed big improvements in supply in both the labour and housing markets, which should give the Bank of Canada confidence that CPI inflation will continue to decline. We still expect the Bank to raise interest rates by 25bp next week to 5.00%, but we suspect that will be the peak.
Canada Drop-In (12th July): We’re holding a post-BoC July meeting briefing at 12:00 EDT/17:00 BST on Wednesday, 12th July. Click here to register to join.
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