Retail sales continue to show resilient consumer spending

Core inflation rises above target, but the BoC is likely to lean towards another cut anyway

Housing activity softens in September

The labour market rebounds, but declining hours worked suggest weak economic activity

Economic activity rebounded in July, but remains below its March peak

Retail sales declined in July, as expected.

Bank of Canada: A 25bp cut, but does not signal more imminent easing

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