A Dilemma for the BoC: Mortgage Interest Costs Were the Primary Driver in May’s CPI Print
Latest data from Statistics Canada shows consumer prices rose 0.4% month-over-month to an annualized 3.4% in May, marking a substantial
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Inflation
Jerome Powell Pauses Rate Hike Cycle
As was widely forecast by markets, Fed Chair Jerome Powell finally paused the central bank’s aggressive rate hiking cycle, leaving
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US Consumer Prices Rise 4% in May
After rising 4.9% year-over-year in April, US consumer prices continued their descent last month, increasing 0.1% to an annualized 4%—
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Turkey’s Musical Chairs: Erdogan Appoints Former Executive of Failed First Republic Bank as Central Bank Chief
Just when you thought the Turkish Lira couldn’t possibly plummet any lower… In the latest round of musical chairs, Turkish
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Canada’s Labour Market Sheds 17K Jobs in May
Canada’s labour market lost 17,000 jobs in May, bringing the unemployment rate to 5.2%— marking the first increase since August
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Tiff Macklem Delivers 25 Basis-Point Interest Rate Hike
Against expectations, Bank of Canada governor Tiff Macklem raised borrowing costs on Wednesday by another 25 basis-points, bringing the overnight
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From Plate to Debt: How Inflation is Feeding Restaurant Bankruptcies in Canada
Rising inflation is increasingly pressuring the Canadian restaurant industry, with over half of all restaurants reportedly operating at a loss,
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US Unemployment Claims Show Slight Rise Amid Strong Labour Market
The number of jobless benefit applications jumped marginally by 2,000 to 232,000 for the week ending May 27. However, the
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Does Brazil’s High Rate Environment Serve As A Sign Of What’s To Come For The US?
A soap opera regarding a central bank which holds short-term interest rates at high levels to curb uncomfortably high inflation
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Inflation Impact: Canadians are Slashing Essential Living Costs to Counteract Rising Prices
As inflation surges, an increasing number of Canadians are countering the heightened cost of living by downsizing their household expenses
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