April 2024

Canada’s federal Finance Minister unveiled Budget 2024 on April 16th, showcasing a significant increase in gross new spending compared to pre-budget expectations. This surge in spending was partially counterbalanced by substantial taxation measures, resulting in a mixed net impact. The budget injects a short-term stimulus into the economy through substantial new spending initiatives. However, it …

Consumers perceive a slowdown in inflation, yet their short-term inflation expectations remain mostly unchanged. This perception is tied to their own experiences with price fluctuations in essentials like food and fuel. Long-term inflation expectations have risen but are still below historical averages. Concerns persist about high inflation, driven by factors like increased government spending and …

This week, central bankers made headlines, but it was Canadian economic data that caught everyone’s attention. February saw a notable improvement in inflation, while retail sales showed weakness, raising expectations for an earlier rate cut by the Bank of Canada (BoC). The BoC’s March deliberations confirmed their readiness to lower rates later in the year, …