Economists to have a close eye on April inflation report as BoC rate decision nears

Bank of Canada Governor Tiff Macklem waits to appear before the Senate Finance Committee, in Ottawa, Wednesday, May 1, 2024. THE CANADIAN PRESS/Adrian WyldForecasters expect this week's inflation report to show Canada's inflation rate fell last month, but financial markets are still unsure whether a June interest rate cut is in the cards for the Bank of Canada.

"I think it will probably take something even a little bit milder than what we're calling for to convince to cut in June," Porter said in an interview. Over the last few months, the Bank of Canada has been encouraged by the slowdown in price growth. Core measures of inflation have trended downward and high inflation has become less broad-based in the economy.

The summary of deliberations released two weeks after the April interest rate decision suggested the members of the governing council were split on how long the Bank of Canada should wait before cutting interest rates. Lyon-bound Air Canada Boeing 787-8 Dreamliner from Montreal turns back midflight due to pressurization alert

Passengers heading from Montreal to Lyon, France on Friday were forced to return home and depart the next day after a pressurization indication was detected in flight.A contractor working on the Coastal GasLink pipeline has been denied more than $333,000 worth of tax rebates because pieces of machinery it purchased – and claimed were not trucks – were deemed sufficiently truck-like in B.C. Supreme Court.VIA Rail service resumed in the Kingston, Ont.

A B.C. woman says her service dog pulled her from a lake moments before she had a seizure, saving her life.A Starbucks fan — whose name is Winter — is visiting Canada on a purposeful journey that began with a random idea at one of the coffee chain's stores in Texas.Members of Piapot First Nation, students from the University of Winnipeg and various other professionals are learning new techniques that will hopefully be used for ground searches of potential unmarked grave sites in the future.

A Canadian tech company is helping kids with mobility issues put their best foot forward with the help of a pair of revolutionary robotic legs.May long weekend is finally here, and with the extra time off you may be getting the itch to head out to your garden and plant. However, the old debate whether you should plant now, or wait, is still ever-present.A young bear that had made its way into Lumsden, Sask. was killed by Saskatchewan RCMP officers after unsuccessful efforts to trap it.

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