Economic Indicators

BoC debated waiting until July to hike rates, but says data prompted it to act sooner

Latest hike came after inflation rose slightly to 4.4% in April

By Nojoud Al Mallees, The Canadian Press |June 21, 2023

2 min read

Surprising strength has Fitch boosting global forecast

Rates to stay higher for longer amid inflation, 2024 forecast revised down

By James Langton |June 21, 2023

2 min read

Retail sales rose 1.1% in April, Statistics Canada says

Sales at general merchandise retailers rose 3.3% in April, while food and beverage retailers saw a gain of 1.5%

By The Canadian Press |June 21, 2023

2 min read

Fed’s Powell: More rate hikes are likely this year to fight still-high inflation

Process of getting inflation back down to 2% has "a long way to go,'' Fed chairman says

By Christopher Rugaber, The Associated Press |June 21, 2023

4 min read