Financial Post: Bank of Canada swerves in ‘game of chicken’ with inflation: What economists say
The Bank of Canada surprised markets with a 50-basis point hike in its Oct. 26 rate decision, a smaller move than the 75-point hike many economists were anticipating.
The Globe and Mail: Consumer spending is a double-edged sword as Bank of Canada tries to control inflation
Higher interest rates are supposed to rein in consumer spending, but households aren’t cutting back the way central bankers wanted
Toronto Star: Is Toronto hurtling toward a ‘city-cession’? New data paints a gloomy picture as consumer spending slows
According to data from the Canadian Chamber of Commerce the year started off with a “burst of activity,” but in recent months spending has slowed.