June 2023

 
May 2023 Inflation Drop: The latest economic reports indicate that the inflation rate for May 2023 experienced a significant drop compared to previous months. This unexpected decrease in inflation suggests a temporary easing of price pressures across various sectors of the economy. The decline in inflation can be attributed to a variety of factors...

The Bank of Canada's Decision: Navigating Global Economic ChallengesIn a bid to restore price stability and address stubbornly high underlying inflation, the Bank of Canada has taken decisive action by increasing its target for the overnight rate to 4¾%. This move, coupled with the Bank Rate at 5% and the deposit rate at 4¾%, reflects a commitment...