Canada’s headline inflation rate has gone up for the second straight month, and one economist predicts that the higher-than-expected rise is likely to keep interests rates high until next spring, at the earliest.
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Here's a list of August inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 4.0 per cent in August, Statistics Canada says.
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Inflation likely gained pace in August, economists expect, reversing progressOTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. Statistics Canada's August consumer price index report set to be released Tuesday is expected to show the annual inflation rate rose for a second month in a row. Canada's inflation rate tumbled to 2.8 per cent in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021. The c
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Statistics Canada to release inflation figures for August this morningOTTAWA — Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for August. Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. Canada's annual inflation rate fell to 2.8 per cent on an annualized basis in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021. Ho
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Canada gov't vows draft law soon to tackle inflation, housing crisisCanada's Liberal government, trailing in the polls amid complaints about the high cost of living, on Monday said it would soon introduce wide-ranging draft legislation designed to help curb inflation. Prime Minister Justin Trudeau last week announced a tax break designed to boost the construction of new rental apartment buildings and relieve pressure on the Canadian housing market. Later on Monday, the heads of major grocery chains will meet government ministers who are demanding to see a plan to counter soaring food prices.
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Canada gov't vows draft law soon to tackle inflation, housing crisisOTTAWA (Reuters) - Canada's Liberal government, trailing in the polls amid complaints about the high cost of living, on Monday said it would soon ...
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Canada gov't vows draft law soon to tackle inflation, housing crisisOTTAWA (Reuters) - Canada's Liberal government, trailing in the polls amid complaints about the high cost of living, on Monday said it would soon ...
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