Carl Gomez
Carl Gomez
consumers holiday shopping
Consumers have a lot going for them in this holiday shopping season.
bank canada cent continue four level lifting neutral per rates report retail sales
Today's retail sales report does not alter, in any way, our expectations for the Bank of Canada to continue lifting rates up to a more neutral level of four per cent by the end of April.
bank cent door follow hike left open overnight pause per rate three
We think the bank has left the door open for a pause in October, but a rate hike would follow in December. That would take the overnight rate to three per cent by year's end.
following headline number pump reflects suggesting
This still reflects pre-Katrina pump prices, suggesting that the following month's headline CPI number will probably be much, much higher.
annual auto categories cent clothing core expected helping higher inflation move offset per prices rate seen usual
With higher auto prices helping to offset the usual price discounting seen in other categories like clothing in December, the annual rate of core inflation is expected to move up to 1.7 per cent during the month.