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Weekly Economic Perspectives: Canada's First Rate Hike Since 2018

Chief Economist
Investment Strategist

The Economy

  • A good employment report in the US.
  • The BoC delivers the first rate hike since 2018.
  • UK housing demand remains strong.
  • Strong labor market indicators in Germany, Italy.
  • Soft retail sales in Japan.
  • The RBA is in no rush to raise rates.

Spotlight On Next Week

  • US CPI inflation nears 8%!
  • Canada’s unemployment rate to retreat again.
  • The ECB meets against a worsening growth and inflation mix.

Weekly Economic Perspectives