BoC Governor Tiff Macklem said in a speech that “recent developments have reinforced our confidence that inflation is coming down.” The bank expects CPI to fall to around 3% in the middle of 2023, and the reach 2% target in 2024. But, “if those things don’t happen, inflation won’t come back to our 2% target, […]
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Many Americans have been trading down. That’s what some retail leaders, including Walmart and McDonald’s, have talked about. “We drove positive transaction counts and unit volumes, and we’re gaining market share in grocery and general Read more…
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