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Canada Inflation Eases Back to Central Bank Target
Canada's inflation rate finally hit the Bank of Canada's target. What does that mean for prices?
Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada's target in its long campaign to cool price growth.
Canada Inflation Eases Back to Central Bank Target in August
Canadian inflation matched the central bank’s target last month for the first time in more than three years, smoothing the road for further cuts in interest rates.
Inflation in Canada Hits 2% Target for First Time Since 2021
Inflation in Canada fell to the slowest yearly pace since February 2021 and core measures continued to ease, keeping the door open for larger interest rate cuts from the Bank of Canada.
1d
AI Threatens to Complicate Inflation-Taming Tasks, Bank of Canada Gov. Macklem Says
Adoption of artificial intelligence could prompt firms to change prices more frequently to reflect economic conditions.
Reuters
4d
VIEW Canada's inflation cools to 2% in Aug, reaches central bank's target
TORONTO, Sept 17 (Reuters) -
Canada
's annual
inflation
rate reached the central bank's target in August as it cooled to 2 ...
1d
Inflation bullseye and U.S. Federal Reserve cut mark turning point for economic narrative
Both Canada and the U.S. appear to be on track for a ‘soft landing’ where price stability is restored without a recession or ...
1d
Bank of Canada Gov: AI Investments Could Add Short-Term Inflationary Pressure
OTTAWA--Investments in productivity-enhancing artificial intelligence are boosting demand in the economy, and that could put upward pressure on inflation in the short term, Bank of Canada Gov. Tiff ...
4d
Wholesale inflation dropped to 4-month low of 1.31% in August
Wholesale inflation drops to 1.31% in August due to lower food and fuel prices, contrasting with rising retail inflation.
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