Reading Time: 2 minutes Canada's annual inflation rate rose to 1.9 per cent in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.
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Canada’s annual inflation rate in June up slightly to 1.9 per cent
Rise in prices led by durable goods, clothing, footwear
Canada’s annual inflation unchanged at 1.7 per cent in May, core measures slightly ease
Reading Time: 2 minutes Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as a drop in gasoline costs continued to keep the overall index stable. Prices of shelter, food and transportation also cooled.
Bank of Canada holds rates, says tariffs could cause deep recession
Reading Time: 3 minutes The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said that the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.
Canada’s inflation surprisingly slows to 2.3 per cent in March
Reading Time: 2 minutes Canada's annual inflation surprisingly slowed in March to 2.3 per cent, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data showed on Tuesday.
Canada’s inflation rate ticks down to 1.9 per cent in November
Reading Time: 2 minutes Canada's annual inflation rate unexpectedly dropped by a tick to 1.9 per cent in November, driven by a broad-based slowdown in prices, while the consumer price index was unchanged on a monthly basis, data showed on Tuesday.
Canada’s jobless rate jumps to 6.8 per cent; bets up for 50 bps rate cut next week
Reading Time: 2 minutes Canada's unemployment rate rose more than expected to 6.8 per cent in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, boosting chances of a large interest rate cut next week.
Canada’s inflation rate jumps back to two per cent, curbing large rate-cut bets
Reading Time: 2 minutes Canada's annual inflation rate accelerated more than expected to 2.0 per cent in October as gas prices fell less than the previous month, data showed on Tuesday, shrinking market bets for a bigger rate cut next month.
Bank of Canada cuts rates, hails ‘good news’ on low inflation
Reading Time: 2 minutes The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.
Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut
Reading Time: 2 minutes Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.
Bank of Canada cuts rate by 25 basis points
Reading Time: 3 minutes The Bank of Canada has made another 25 basis point cut to its benchmark interest rate.