According to Interfax: The Russian government expects economic growth of 2.2% in 2024.

Spot gold has gradually rebounded and is now trading at $2,340 an ounce, up more than $20 from its low since the CPI was announced.

Brevan Howard’s cryptocurrency fund gained 34.5% in the first quarter.

The monthly rate of U.S. wholesale inventories in February was 0.5%, in line with expectations of 0.50% and the previous value of 0.50%.

Sources: The United States and Japan announced a joint partnership to accelerate the development of nuclear fusion.

Bank of Canada: It is expected that the commencement of commercial operations of the Trans Mountain pipeline expansion project will contribute approximately 0.25 percentage points to GDP growth in the second quarter.

Bank of Canada: Housing services price inflation is expected to ease as mortgage interest cost growth weakens.

Bank of Canada: The output gap in the first quarter is estimated to be between -0.5% and -1.5%; the potential output growth rate is expected to slow from 2.5% in 2024 to an average of around 1.6% in 2025 and 2026.

Bank of Canada: To make current wage growth consistent with the 2% inflation target, productivity growth needs to increase significantly.

Bank of Canada: Risks to inflation outlook are balanced, with more focus on upside risks.

Bank of Canada: Raised its GDP growth forecast for 2024 to 1.5%, from the previous estimate of 0.8%.

Bank of Canada: Population growth, government spending and export strength lead to upward revisions to economic growth expectations.

Bank of Canada: Indicators show wage growth has fallen to 3.5% to 4.5%.

Bank of Canada Governor Macklem: Housing cost inflation remains very high and prices of some other services remain high.