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Weekly Economic Perspectives

The BoC Delivers the Largest Rate Hike Since 1998

Chief Economist
Investment Strategist

The Economy

  • The whole of US inflation data not as bad as the CPI report suggests.
  • The BoC hikes by 100 basis points.
  • The UK economy expands in May.
  • The Eurozone industrial production inches higher.
  • Industrial production plunges in Japan.
  • The Australian unemployment rate sinks.

Spotlight On Next Week

  • Inflation to make new highs in Canada and the UK.
  • The ECB is expected to hike but the BoJ will remain on the sidelines.

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