Episode Details

The Bank of Canada is likely to hold off on rate hikes this week, despite rising energy prices and inflation—because gas costs are already biting wallets like a rate increase. Analysts warn that a shaky job market, fading high-paying roles, and sluggish housing sales are making policymakers cautious. While headline employment looks decent, most growth is in low-paying part-time gigs. Rising energy bills are tightening household budgets, and U.S. rate inaction was a relief to avoid currency pressure. Housing woes are mounting too, with more homeowners locked into higher mortgage rates and slowing sales. Trade uncertainty looms, especially around CUSMA, but a tentative Ford-Unifor deal offers hope for auto sector stability—and keeps Canada’s manufacturing engine running.

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