Despite good economic news, experts warn the pain’s not over yet
WEB12 hours ago · 1:54 Inflation finally hits Bank of Canada’s 2% target Inflation is back at the coveted two per cent annual rate. Wage hikes have outpaced inflation for 19 months in a row. The Bank of Canada is ...
Inflation in Canada Hits 2% Target for First Time Since 2021
WEB4 days ago · Inflation & Prices. Inflation in Canada Hits 2% Target for First Time Since 2021. Core measures decreased to average of 2.35% year-on-year. Headline inflation fell largely due to lower gasoline ...
Canada's inflation rate: 2% in August | CTV News
WEB4 days ago · Share. OTTAWA -. Canada's annual inflation rate reached the central bank's 2 per cent target in August, data showed on Tuesday, fuelling hopes for a 50-basis-point interest rate cut by the country ...
Canada’s inflation rate finally hit the Bank of Canada’s target.
WEB4 days ago · Inflation rate reached 2 per cent in August, lowest rate since February 2021 Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the ...
The Daily — Consumer Price Index, August 2024 - Statistics Canada
WEB4 days ago · The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in August, increasing at the slowest pace since February 2021, and down from a 2.5% gain in July 2024. The deceleration in headline inflation in August was due, in part, to lower prices for gasoline, due to a combination of lower prices and a base-year effect.
Canada's inflation rate cools to 3.1% but the cost of living keeps ...
WEBNov 21, 2023 · Canada's consumer price index rose by 3.1 per cent in the year up to October, down from 3.8 per cent the previous month but in line with what economists were expecting.
Canada’s inflation rate slowed to 2.7% in April, boosting bets for …
WEBMay 21, 2024 · Canada’s annual inflation rate slowed to 2.7 per cent in April, matching analyst expectations and bolstering the case for the Bank of Canada to start cutting interest rates this summer....
Inflation jumped higher last month, to 3.3% | CBC News
WEBAug 15, 2023 · Canada's inflation rate bucked its recent trend of slowing last month and instead rose at a 3.3 per cent annual pace in July, Statistics Canada said Tuesday. That was an increase from 2.8 per...
Canada's inflation rate jumps to new 31-year high of 6.7%
WEBApr 20, 2022 · The inflation rate in Canada jumped to 6.7 per cent in March, hitting a 31-year high. Economists warn borrowers should expect further interest rate hikes as the Bank of Canada tries to cool...
Bank of Canada deputy governor says inflation battle isn't over
WEB3 days ago · On Tuesday, Statistics Canada reported that the consumer price index rose by two per cent in August on a yearly basis — the slowest rate of increase since early 2021. The central bank’s two preferred core inflation measures also eased but are still elevated, averaging 2.35 per cent on a yearly basis from 2.55 per cent a month earlier.