this post was submitted on 10 Jul 2023
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BoC expected to raise rates again this week, vying to quash inflation faster (www.ctvnews.ca)
submitted 1 year ago by [email protected] to c/[email protected]
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Deloitte's chief economist, Dawn Desjardins, said there have been some recent signs that the economy is taking a turn, with the latest job report for June showing the unemployment rate rising and wage growth slowing.

But the overall picture suggests inflation is still sticky, wage growth is high and the economy continues to churn, she said.

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[–] [email protected] 4 points 1 year ago

Let's be real, BoC has OCD and wants to bring to a nice round number of 5%.