The Confusing Canadian/Global Inflation Outlook, Explained

The Beavis Wealth Podcast

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In this episode, we analyze the Bank of Canada's latest Business Outlook Survey, which shows a pessimistic outlook among businesses and consumers. This increases the likelihood of a second interest rate cut on July 24, with inflation expectations declining and minimal business interest in hiring or investing.

Also in this episode:

📉 Inflation in Canada fell more than expected in June, boosting chances of another interest rate cut.
💹 The IMF warns that global inflation might remain high, potentially keeping interest rates elevated longer.
📊 Former President Trump’s potential second term could drive global inflation with his "America-first" policies.

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