A pair of RBC economists predict a drop in next week’s monthly inflation reading, but say it would take a major surprise to stop the Bank of Canada from hiking interest rates in July.
A string of interest rate hikes have not yet pushed North America into a recession, but another expert is cautioning that it's only a matter of time.
A new report makes the case that the post-pandemic shock to energy prices is contributing to sticky inflation in Canada, as elevated gasoline and trucking costs trickle down from businesses to consumers.
The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said.
North American equity markets are tracking towards a lower open, putting Wall Street on track for a losing week.
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