On the restful moments of Canada’s official ‘Spring kickoff’, the Monday Monitor for the ‘May long-weekend’ receives more welcomed news! May 2017 delivers solid economic data for Inflation and Employment rates. Our Partners at National Bank Financial (NBF) Economics group report a 1.6% inflation rate for April despite some hot housing markets and improving oil prices. While we keep in mind that underlying inflation usually responds to the economic situation with a 3 to 5 quarter lag. For those reasons, we continue to expect higher inflation in the months ahead.
For a detailed outlook, please read.
Earlier Monday Monitor April 2017 Employment News
Earlier this month, Our Monday Monitor enjoyed strong employment news . Canada’s Unemployment Rate as of April 2017 is back to pre-2008 lows. Good time to kick back and celebrate!