TSX:AX.PR.E - Post by User
Post by
Torontojayon Dec 20, 2024 10:26am
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Post# 36372108
Cpi trim seasonally adjusted
Cpi trim seasonally adjusted The Boc's favourite inflation metric is now at 2.7%. It was at 3.4% this time one year ago. To get back to 2%, the unemployment rate will have to increase by another 70 bps as a reasonable estimate. This takes the Ui rate to
7.5% and then any additional increase in the labour force participation rate will increase it above 8%. I think by the end of 2025 Canada's unemployment rate will surpass 8% and Cpi trim will trend at 2% or lower.
How do we get the 2%?
More people have to get laid off and additional people have to enter the labour force.