Daily Update (Source: RBC Financial Group)
Canadian inflation was little changed at 2% in February
Mar 24, 2017
After an upside surprise on inflation in January, today's report was a bit more ho-hum as the annual
rates of headline inflation and major components (food, energy, and core) were all little changed in February.
All items CPI is tracking above the Bank of Canada's latest forecast but that largely reflects transitory
factors (namely energy prices) that the Bank said they were "looking through" in March's policy
statement. Meanwhile, their new core measures, all of which remained below 2%, will likely continue to
be cited as evidence of excess capacity in the economy. There has been some evidence of firming in
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Singapore is on the Move!
- Mar 23, 2017
By Peter G. Hall, Vice-President and Chief Economist, Export Development Canada
That title should grab some attention! Why? In a world where most are convinced that we are straining to generate so-so 'new normal' growth, anything that's 'on the move' is an eye-catcher. And when it's Singapore we are talking about, it's even more exciting. As a key regional trade center, Singapore's stats are a critical gauge of what's going on in the surrounding economies, and also in the broader global arena. We pointed out the budding growth in Singapore about eight months back, and recent figures seem to confirm it. What are the numbers telling us?
Let's start with the most recent GDP number. In stark contrast to trend performance, growth leapt by 12 per cent
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