Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada (StatCan) reported on Tuesday morning that Canada’s annual inflation rate was unchanged in November, remaining at 3.1 per cent as it had been in October. However, economists had expected the rate to move below three per cent. While food, energy and cell phone services had slower price growth, higher prices for travel tours offset any downward pressure in the inflation rate. Last week, Bank of Canada governor Tiff Macklem said it was too early to consider key interest rate cuts.
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Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The United…
– Canada’s population grew by more than 430,000 in the third quarter of 2023, the fastest pace of population growth in any quarter since 1957, StatCan reported earlier today. As of Oct. 1, Canada’s population was just over 40.5 million people. Fuelled by international migration, this year’s population growth has already surpassed the record amount from 2022.
– China had its deadliest earthquake in nine years on Tuesday, killing 126 people in the northwestern provinces of Gansu and Qinghai and reaching 6.2 on the Richter scale. More than 700 people were reported injured, while 20 others were reported missing in a landslide in Qinghai. The earthquake forced many residents out in the cold, with overnight lows between minus-nine and minus-15 degrees Celsius.
