Watkins Group
It’s all about inflation this week. Canada’s inflation rate ticked higher in July but remains well below the multi-decade highs reached in 2022.
It looks like the markets are trying to shrug off negative perceptions as they inch up to close out the week.
A bit more volatility added back into the market this week with the surprise rating change for the United States. Here in Canada, the manufacturing sector shrank for a third consecutive month in July.
Another positive week in the markets, with the American S&P 500 ticking up to new heights. And despite ultra-tight financial conditions, U.S. gross domestic product keeps chugging along.
It has been a very positive week in the North American markets. Statistics Canada reported that Canada’s inflation rate moderated for a second straight month.
Well it’s been a much more positive week this week, as markets turned more enthusiastic after better than expected CPI numbers came out in the States.
