Bank of Canada Gets No Relief from May Inflation Report

#canadainflation #bankofcanada #canadianeconomy Canada’s May inflation came in at 1.7% — and the Bank of Canada isn’t thrilled. Core inflation is still sticky, services are up, and former Governor Stephen Poloz has a warning. Will this delay rate cuts? Links: Media availability on December 11, 2024 / Point de presse le 11 décembre 2024: https://www.youtube.com/watch?v=x-motc1cW8s Bank of Canada hoping for better look at ‘complicated’ inflation picture: https://www.thestar.com/business/bank-of-canada-hoping-for-better-look-at-complicated-inflation-picture/article_10f2494a-af9f-56fd-8bbf-f060f6eceaf0.html Inflation stayed at 1.7 per cent in May, putting Bank of Canada rate cut in doubt: https://www.thestar.com/business/inflation-stayed-at-1-7-per-cent-in-may-putting-bank-of-canada-rate-cut/article_6b90dba3-e1e8-482b-a89f-db577b00d737.html Summary of Governing Council deliberations: Fixed announcement date of June 4, 2025: https://www.bankofcanada.ca/2025/06/summary-governing-council-deliberations-fixed-announcement-date-of-june-4-2025/ Bank of Canada concerned about persistence of inflation at June meeting: https://www.theglobeandmail.com/business/article-bank-of-canada-summary-details-councils-concerns-over-trade-war-in/ Further 2025 rate cuts not a certainty, warns former BoC governor: https://www.mpamag.com/ca/mortgage-industry/market-updates/further-2025-rate-cuts-not-a-certainty-warns-former-boc-governor/538797 Don't assume further rate cuts from the Bank of Canada, Poloz warns: https://financialpost.com/news/dont-assume-further-bank-of-canada-rate-cuts-poloz-warns Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Inflation holds steady at 1.7% as underlying price pressures ease: https://www.theglobeandmail.com/business/article-may-inflation-17-per-cent/ Consumer Price Index, May 2025: https://www150.statcan.gc.ca/n1/daily-quotidien/250624/dq250624a-eng.htm?indid=3665-1&indgeo=0 Canada will impose new counter-tariffs against U.S. if it can’t make a trade deal in 30 days, Mark Carney says: https://www.thestar.com/politics/federal/canada-will-impose-new-counter-tariffs-against-u-s-if-it-cant-make-a-trade/article_d66fb6ac-717a-4a5e-9577-4cce590f4b6f.html Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.