Canadian Chamber of Commerce Principal Economist Andrew DiCapua issued the following statement regarding the Bank of Canada holding interest rates today: “Even with the recent run of encouraging economic data, the Bank of Canada is still unsure about how durable the Canadian economy really is. The Bank is signalling it may be done lowering interest … Read more
Canadian Chamber of Commerce Principal Economist Andrew DiCapua issued the following statement regarding today’s inflation numbers: “Inflation came in better than expected, given how prices had been heating up over the past few months. Much of the slowdown came from lower gasoline costs, although an annual property tax hike kept overall inflation higher than it might … Read more
Andrew DiCapua, principal economist at the Canadian Chamber of Commerce, issued a statement: “The Canadian economy experienced a significant export shock in the second quarter as the receipts from the trade war were totaled up. This hit to growth also showed up in weak investment numbers that confirm the sentiment that businesses continue to wait … Read more
Canadian Chamber of Commerce principal economist Andrew DiCapua issued a statement: “This is a positive inflation report on many fronts as price pressures ease for goods and services. Sticky core measures in July may put progress at risk, but if this momentum continues, we could see the Bank of Canada move rates lower in September. Time … Read more