Le Mensuel économique - March 2024

Keep up to date with the latest news on inflation, employment, residential construction, exchange rates, crude oil and much more.

"Inflation in the country rose by 2.8% in February 2024 compared with the same month a year earlier. The Bank of Canada's monetary tightening efforts continue to put downward pressure on prices in the Quebec economy. Although price growth slowed in seven provinces, Quebec posted annual inflation in February equivalent to that in January (3.3%). That said, inflation in Canada looks set to remain below 3%, which would encourage a potential cut in the key rate in the coming months if the situation continues. - Miguel Ouellette, Director and Economist