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3.4% Inflation VS Bank Of Canada
Description
The Bank of Canada’s quarterly Indicators of financial vulnerabilities page - indicators we use to track the evolution of two vulnerabilities in the Canadian economy: the elevated level of household indebtedness and high house prices. we’re also going to be talking about the Bank of Canada’s evil arch-nemesis… inflation!
- Inflation is at its lowest since 2021 based on CPI
- But… Mortgage costs rising at almost 30% annually
- Without mortgages, CPI would have been 2.5%
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