Economists expect December data to show inflation trending lower
Slowing inflation would pave way for more interest rate cuts, but US tariffs a wild card
- By: Rosa Saba, Canadian Press
- January 20, 2025 January 20, 2025
- 09:43
Slowing inflation would pave way for more interest rate cuts, but US tariffs a wild card
'Canadian companies are rightly highly concerned,' Desjardins says
Credit card balances shrink, tempering increase in mortgage borrowing
The central bank 'must take on board the lessons from this unprecedented experience': Macklem
Offshore investors add T-bills, slow bond buying, dump equities in November
The agency expects the world economy to grow 3.3% this year and next
The economy picked up speed in the last quarter due to strong exports, stimulus measures
However, some businesses have yet to see much impact from the tax break
Canada generally has a trade surplus with the U.S. when it comes to food
The key labour market metrics remained at record levels in third quarter
The World Bank expects the world economy to expand 2.7% in 2025 and again in 2026
The central bank will start purchasing assets again this year after two years of shrinking its balance sheet
Retail sales enjoyed a holiday boost in December, rising 0.4% from the previous month
Alberta, Quebec and the Atlantic provinces saw a rise in new home construction but housing starts declined in Vancouver, Toronto and Ottawa
Applications for jobless benefits rose by 14,000 last week
Expectations of higher inflation and economic growth have pushed the yield on 10-year Treasurys above 4.80%
Investors reminded to diversify amid threat of U.S. trade tariffs
Market worries a replay of 2017, report says
Lower rates, pent-up demand to drive homes prices up 4.7% in 2025
90% of manufacturers expect significant or severe impacts if tariffs are applied
Citigroup, Wells Fargo and Goldman Sachs also issued strong results
GDP contracted by 0.2% last year
Inflation eased to 2.5% in December, down from 2.6% the previous month
Production of aerospace products and parts increased 9.3% to $2.8 billion
The consumer price index rose 2.9% from a year earlier, but core inflation eased slightly