While the strength of the Canadian economy is no surprise, with IMF predictions in July 2017 indicating that Canada would be the top performing economy across our G7 trading partners, with growth comes inflation worries.
Inflation in Canada was below expectations in August. That being said, underlying inflation continued to be stronger compared to earlier this year. The Bank of Canada is in a proactive stance to expect more increases in rates.
Enjoy the full report from our partners at National Bank Financial