Deloitte’s chief economist, Dawn Desjardins, said there have been some recent signs that the economy is taking a turn, with the latest job report for June showing the unemployment rate rising and wage growth slowing.
But the overall picture suggests inflation is still sticky, wage growth is high and the economy continues to churn, she said.
Let’s be real, BoC has OCD and wants to bring to a nice round number of 5%.