The Confusing Canadian/Global Inflation Outlook, Explained

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In this episode, we examine the Bank of Canada's newest Organization Outlook Study, which shows a cynical outlook amongst services and customers. This increases the possibility of a second rate of interest cut on July 24, with inflation expectations decreasing and minimal organization interest in employing or investing.

Also in this episode:

Inflation in Canada fell more than anticipated in June, improving chances of another rates of interest cut.
The IMF warns that worldwide inflation might stay high, potentially keeping rates of interest raised longer.
Former President Trump's possible second term could drive worldwide inflation with his "America-first" policies.

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The Confusing Canadian/Global Inflation Outlook, Explained

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10 Comments

  1. If the US doesn’t cut until Sept and Boc cuts the dollar falls
    As most goods come from US I see inflation increasing unless they wait until US cuts

  2. Some economists are very disingenuous. Food inflation is now down to 2.1%. But the way compound interest works, if you started with a $100 bag of goods, and then had 3 years of run-away food inflation where that bag is now sitting at $150, and is now only increasing by 2.1% off that now much larger bill of 150.. these guys complaining about wage growth are off their rockers. Wages haven’t closed the gap.
    Some median income earner in Toronto, making the Canadian median of $43k/yr, is paying 70 – 90% of his take home salary just to cover food and rent. The poor slum dweller in Nigeria also spends about 90% of his income on food and rent.

    1. @@john_doe_not_found you think it’s down to 2.1%, I beg to differ.Have you actually been in a grocery store lately I see prices again in some cases double ,especially beef and chicken

    2. @@Mechone11 I agree with you that our lived reality does not match the numbers put up by the government. I submit my own anger at prices:
      2019, a 2kg bag of no name frozen vegetables was $2.99. Today it ranges from $7.99 to $9.99.. so 300% inflation since 2019.
      My lived inflation in the grocery store is 6x higher than what the government data suggests.

  3. Canadians are still tasking new car debts like there’s no tomorrow. Interests rates still needs to rises fast and a lot.

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