Households’ indebtedness increased slightly in 2025Q2 for a second quarter in a row, but remained close to its lowest level since 2015, if we exclude the pandemic.

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The labour market deteriorates further, putting pressure on the BoC to cut in September
Employment dropped by 65.5k in August, significantly weaker than expected, marking a second consecutive month of decline.
Core inflation remains sticky, leaving the BoC in wait-and-see mode
Inflation decelerated to 1.7% in July and the Bank of Canada’s preferred measures of core inflation rose slightly to 3.05%, in line with expectations.
Opinion: If Trump’s trade target is a customs union, Canada will have a big decision to make
Insolvencies rose in June and have been relatively stable over the past year
Insolvencies rose 0.6% m-o-m on a seasonally-adjusted basis (SA) in just, after a drop in May.
Employment drops in July, but mind the seasonality
Employment dropped 43k in July, much weaker than expected, partly offsetting the strong gain seen June.