Weekly Economics and Market Update: May 13, 2022

The following table provides key Canadian market data and economic statistics  for the week ended May 13, 2022. 

Economics

On  April 20, the widely anticipated CPI data was released for March and saw a 6.7% year over year increase.   A large portfolio of this increase was attributable to food and energy.  However CPI ex food and energy still increased by 4.6% year over year.  Please see our monthly inflation monitor for more details.  Inflation Monitor

Canadian GDP grew by 5.6% based on preliminary data released April 29. Real GDP rose 1.1% in February posting the largest monthly gain since March 2021.   Markets are now fully pricing in a 50 bps rates increase by the BoC in June.   

Equities

After a wild week in markets and a 2% rebound in TSX and S&P500 on Friday, the indices finished the week off down 2-3%.    

 



Foreign Exchange


 

Commodities