Core inflation remains sticky, but the BoC will focus on increased slack in the economy and cut

Housing activity improves, despite a weak labour market

Households’ debt burden rises again and the debt-service ratio is marginally higher

The labour market deteriorates further, putting pressure on the BoC to cut in September

Core inflation remains sticky, leaving the BoC in wait-and-see mode

Insolvencies rose in June and have been relatively stable over the past year

Employment drops in July, but mind the seasonality

With higher economic activity in June, Canada may have avoided a recession

Bank of Canada: On hold, but willing to cut if underlying inflationary pressures ease

Housing activity improves, as the extreme uncertainty eases somewhat