Canada’s inflation rate ticks back up to two per cent in October, StatCan says
Canada's inflation rate climbed back up to two per cent in October, shifting expectations slightly in favour of a smaller, quarter-percentage point interest rate cut next month. The report from Statistics Canada on Tuesday said prices in October increased at a faster annual pace in five out of the eight major components of the consumer price index.
'Too soon to rule out' 50 bps interest rate cut: Economists on Canada's inflation numbers
Inflation in October came in at two per cent, back to the Bank of Canada’s target, but accelerating faster than economist predictions of 1.9 per cent year over year and higher than the 1.6 per cent recorded in September.
Central bank considered smaller rate cut in October before settling on half point reduction
That’s according to the central bank’s summary of deliberations released Tuesday, which details the governing council’s conversations ahead of the Oct. 23 interest rate announcement. The Bank of Canada ultimately opted for a half-percentage point interest rate cut, bringing its policy rate to 3.75 per cent.
Canada’s inflation rate ticks back up to 2%: StatCan
Canada’s inflation rate rose to 2% last month, up from 1.6% in September, as gasoline prices exerted less downward pressure on annual price growth. The report from Statistics Canada on Tuesday says prices in October increased at a faster annual pace in five out of the eight major components of the consumer price index.
Canada Inflation Hovers At 2%, More Rate Cuts Expected
Canada's inflation rate was two percent year-on-year in October, the country's statistics agency said Tuesday, a figure in line with the central bank's targets and likely to set up another interest rate cut.
Canada inflation exceeds forecast, likely thwarting another big rate cut
Inflation in Canada rose by more than forecast and underlying price pressures reaccelerated, hiccups that may dissuade policymakers from a second straight 50 basis-point cut to interest rates next month.
Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Canada's annual inflation rate accelerated more than expected to 2.0% 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.
Canada's inflation rate ticks back up to 2%
Canada’s annual inflation rate hit 2 per cent in October, up from 1.6 per cent the month before, Statistics Canada said Tuesday. The rate was slightly above economists’ forecast and was mainly due to gas prices falling less in October than they did in September.
Canada's inflation rate rises 2 per cent, grocery prices accelerate
Canada's annual inflation rate jumped two per cent in October, due in part to the base-year effect on gasoline prices. In September prices increased at a 1.6 per cent annual pace. Statistics Canada said on Tuesday the Consumer Price Index (CPI) rose 0.
Canada's annual inflation rate rises to 2% in October
Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of another large rate cut in December.
Statistics Canada set to release October inflation figures today
OTTAWA — Statistics Canada is expected to release its October consumer price index report this morning. Economists polled by Reuters expect the annual inflation rate rose to 1.9 per cent last month, according to LSEG Data & Analytics.
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