Check out the latest economic trends at a glance.
|Economic growth||Canada’s economic growth was stronger than expected in 2018, but the Bank of Canada (BoC) anticipates slower growth in 2019, citing low commodity prices and global trade conflicts.|
The unemployment rate hit a 40-year low in 2018, and has stayed at or below six per cent ever since.
Average wage adjustments in collective agreements came in at 1.4 per cent in the first half of 2019, below the overall average wage growth of 1.9 per cent in the first quarter of 2019.
|Inflation||Inflation is expected to remain close to two per cent throughout the rest of 2019 and 2020.|
The Bank of Canada continues to hold its key lending rate at 1.75 per cent. Central banks around the world are nervous about the uncertainty created by Trump’s trade disputes, which are starting to have an impact on global business investment.