Canada, inflation rate
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The Canadian Press on MSN1d
Economists split on BoC’s next rate move after July inflation data
Economists say they found some encouraging signs in the latest inflation numbers but some warn the Bank of Canada might need a bit more convincing to cut its key interest rate next month.
As the heat beats down on the southeast, many will be going for cold treats like ice cream but may find prices raised. That's similarly reported for other foods, as the most recent Consumer Price Index numbers from Statistics Canada showed a 3.
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.
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%.
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.
Canada’s consumer-price index rose 2.2% on a year-over-year basis in December, Statistics Canada said Wednesday. That matched market expectations. On a month-over-month basis, CPI was flat.
The results reveal a linguistic divide. Countries in the EU and Asia perform well. France, which also did well the last time we conducted this exercise, in 2024, now has the least entrenched inflation of all the countries we looked at. Chapeau bas to them. Japanese inflation, true to form, has a feeble grip.