Canada, inflation rate
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Canada’s annual inflation rate fell to 2.9 per cent in January, not only much lower than Bay Street estimates, but marking a return to the Bank of Canada’s target range.
Although inflation in Canada eased to the Bank of Canada’s 2% target in August, Royal Bank of Canada economists aren’t partying. They argue 2024’s 2% inflation isn’t 2019’s 2%.
The Bank of Canada’s two preferred core inflation measures also accelerated, averaging a 2.7% yearly pace, versus 2.55% in December. The three-month moving averages of the figure, however, fell ...
Consumer inflation in Canada rose by less than expected in July, according to Statistics Canada, as falling gasoline prices offset price increases elsewhere.
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.
OTTAWA — Statistics Canada is set to release its consumer price index report for July this morning. A poll of economists provided by LSEG Data & Analytics expects the annual inflation rate dipped to 1.8 per cent in July. That’s down from 1.9 per cent year-over-year in June.
Canada's main stock index inched lower on Monday as investors avoided big bets ahead of domestic inflation data due on Tuesday and a key U.S. central bank conference starting on Friday.