Toronto Star: Economists predict Bank of Canada may hold the line on interest rates as inflation falls to 3.8%

We shouldn’t overreact to one month of data, but it’s now clear that momentum in Canada’s labour market has faded since January’s blockbuster hiring binge. Will today’s release mark a turning point, when the strong-and-long run for Canada’s labour market finally came to an end?”

Inflation and a potential recession weren’t on everyone’s mind when Marie-Claude Boisvert joined Sagard Holdings Inc., the alternative investment arm of Power Corp., in January last year with a plan to raise $400 million for a new private equity fund to buy stakes in mid-market Canadian companies.

The ability of Canadian consumers to keep spending, despite substantially higher interest rates, forced the Bank of Canada to resume hiking rates in June.