Economic Directions – Summer 2019
Check out the latest economic trends at a glance.
|Economic growth||Canada’s economic growth has been slower than expected this year,
causing the Bank of Canada to downgrade expectations for 2019 to
1.2 per cent. The bank still expects growth to pick up in 2020.
Job growth continues to be strong, especially in Ontario and Quebec.
Average wage adjustments in collective agreements were 1.7 per cent
|Inflation||Inflation is expected to reach 2.0 per cent by late 2019.|
The Bank of Canada kept its key lending rate at 1.75 per cent in May
Source: CUPE National