Inflation decelerated more than expected, but momentum remains elevated

The housing market rebound continues

The Bank of Canada raises its policy rate to 5.00% and turns data-dependent

Continued strength in the labour market supports another rate hike

Growth momentum remains robust

Insolvencies surged again in May, with proposals above pre-pandemic levels coast-to-coast

Inflation resumes its deceleration

The current energy shock is more inflationary and stickier than the 1970s oil shocks

The housing market rebound continues

Households’ debt-service ratio continues to creep higher