Say goodbye to rate cuts from the Bank Of Canada, at least for the time being.
According to Statistics Canada data, gasoline prices were up by 33.2 per cent year-over-year in May following a 28.6 per cent rise in April. These are the biggest increases since July 2022, officials said.
Food inflation also accelerated in May, rising to 4.3 per cent year-over-year compared with 3.8 per cent in April, driven mainly by higher prices for fresh fruits and vegetables.
It’s Trump’s fault. For bothering the peaceful, noble, beautiful civilized people of Iran. He even bombed a girls school!
https://www.scrippsnews.com/sports/iran-football-team-leaves-note-of-gratitude-and-peace-following-sundays-match
Anyone expecting rate cuts from TiffOlBoy is smoking weed.
The dollar is on a steep decline, reflecting the grotesque malfunction of the Canadian economy, and the lack of any action to remotely fix it, and/or admit the last 11 years of a massive ideological failure.
Stagflation on its way, until Marxist Carnage and his LIEberal shitstains stop borrowing and taxing like the corrupt morons they are.