“Nothing to worry about,” economist says of Canada’s 3% inflation
In a Monday note, CIBC senior economist Andrew Grantham summed up the file as “nothing to worry about.”
According to the Financial Post, Grantham wrote that the subdued core readings mean no rush to raise rates, giving policymakers time to weigh oil swings, tariffs, and whether the activity rebound holds.
CIBC forecasts no change until around mid-2027.
Strip energy out, economist David Rosenberg said in remarks reported by the Financial Post, and inflation runs nearer 1.8 percent than three, with core at 1.6 percent rather than 1.9 percent.
He expects hawks on Bay Street to say the Bank of Canada is behind the curve and advised readers to “tune them out.”
