BBCA - The Recent Fed And ECB Decisions And What Does It Mean For Bank Of Canada
The Canadian economy is in solid shape, driven by strong internal consumption due to rising productivity and population growth. This is accompanied by favorable situations in global markets, particularly the strong economic performance of its main trading partner, the United States. (Source: Real GDP growth )
Canadian unemployment has been in a downward trend since 2016. In May, the unemployment rate hit 5.4%, the lowest since 1976.
(Source: Canada Unemployment Rate )
A strong labor market helped to lift the aggregate demand in the country and, as a result, inflation in May was 2.4%,