Canadian household wealth set to rise as debt burden eases: RBC
The labour market sent a mixed signal. Employment fell 42,000 in August, ending three months of firm job growth. The unemployment rate, however, held steady at 6.4%, down 0.7 percentage points from a year earlier.
Janzen characterises the result as consistent with gradual stabilisation rather than renewed deterioration.
US inflation adds uncertainty to the rate outlook
With Canada’s domestic economic calendar quiet for the week ahead, attention is shifting south of the border to the US August Consumer Price Index (CPI) report, due Friday.
The result carries direct implications for Federal Reserve policy, and by extension, for the Canadian rate environment brokers and their clients are navigating.
RBC expects US headline inflation to hold at 3.4% year-over-year in August, unchanged from July, with core prices rising 2.4% annually. Janzen cautions that tariff-related cost pressures remain visible in goods categories and that services inflation, particularly shelter, remains stubbornly sticky.
