Canada's inflation rate finally hit the Bank of Canada's target.
Sep 17, 2024 · 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's inflation rate cools to 3.1% but the cost of living keeps ...
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.
Inflation is finally back at 2%. Is it the ‘light at ... - Global News
Sep 17, 2024 · Annual inflation cooled sharply to two per cent in August, according to Statistics Canada, marking a major milestone in the Bank of Canada’s efforts to tame price pressures. That’s half a...
Canada's inflation rate increases to 4% | CBC News
Sep 19, 2023 · Statistics Canada reports the annual inflation rate rose to four per cent in August, beating many economists' expectations and raising the possibility of another interest rate hike. There was one...
Canada Inflation Eases to 1.6%, Raising Jumbo Rate Cut Odds
Oct 15, 2024 · Economics. Canada Inflation Eases to 1.6%, Raising Jumbo Rate Cut Odds. Core measures still sticky, but 3-month moving average cools. First time since Feb. 2021 that headline CPI below 2% target....
Inflation in Canada Hits 2% Target for First Time Since 2021
Sep 17, 2024 · 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 prices
‘Unsettling news’: What inflation’s uptick means for the Bank of Canada
Jan 16, 2024 · Inflation came in a bit higher to end 2023, Statistics Canada said Tuesday. Here's what economists say was behind the uptick and what it means for interest rates.
Inflation has fallen, but the Bank of Canada hasn't backed ... - CTV News
Jul 23, 2023 · OTTAWA - Canada's inflation rate has returned to the country's target range after a tumultuous couple of years of soaring prices. Statistics Canada reported on Tuesday that inflation fell...
Consumer price index - Bank of Canada
Monetary policy has worked to reduce price pressures in the Canadian economy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.
Inflation ticked up to 2.9% in May. Are July rate cut ... - Global News
Jun 25, 2024 · Inflation accelerated in May as the costs of services and groceries ticked up, Statistics Canada said Tuesday. The annual rate of inflation was 2.9 per cent in May, the agency said. That’s up...