ANALYSIS | The cost of living crisis will drag on even as inflation shows signs of cooling

Inflation appears to be coming back to earth. That appears to give the Bank of Canada enough wiggle room to pause its series of interest rate hikes. So, for the first time in a long time, Canadians can find some reason to believe the worst of the cost of living crisis is behind them. “Given that inflation is the most lagging of indicators, and the economy is clearly weakening, we’re likely to see ongoing disinflationary pressure…. There’s no need for further rate hikes in Canada,” said Benjamin Reitzes, senior economist at the Bank of Montreal. But there’s a big difference between “things not getting worse” and “things getting better.” Prices for just about everything are a lot higher than

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