Ian VandaelleBoC can raise rates without raising rates by using hawkish language for July: Economist Benjamin Tal It’s shaping up to be a coin flip, based on market expectations, for whether Tiff Macklem & Co.
decide to pull the trigger on an interest rate hike this morning at 10 a.m. EDT – up to literally 50/50 odds , from the ~40 per cent we were seeing earlier this week as to whether we’re going to see another quarter point to 4.75 per cent . Call it one of any number of things, or all of them – economic growth has been running ahead of expectations, the labour market remains robust, and we’re seeing some upward pressure on interest-rate sensitive sectors like housing once again.
Dollarama topped earnings per share estimates in its latest quarter and blew past expectations for sales at stores open at least a year , up 17.1 per cent in the quarter, against an average view of 12.7 per cent. The company points directly to the “persistently inflationary pressure” Canadians are dealing with as a driver of the growth – consumables were a key driver of the growth.
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Canada's housing market sees largest improvement in affordability in four years: National BankCanada’s housing market saw the largest improvement in affordability in nearly four years in the first quarter of 2023, according to a report from economists at the National Bank of Canada.
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