Statistics Canada, Inflation and interest rate
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Canada’s inflation rate cooled in July, with headline CPI rising 1.7% year-over-year, down from 1.9% in June.
A big drop in gasoline prices is behind Canada’s inflation rate remaining low. Statistics Canada released its July Consumer Price Index (CPI) figures Aug. 19, which noted the rate dropped since June — and is now at 1.7 per cent. In June, it was a 1.9 per cent.
The Canadian dollar hit its lowest in almost three weeks against its U.S. counterpart on Tuesday as oil prices fell and cooler domestic inflation data raised expectations the Bank of Canada would cut interest rates in the coming months.
Canada's inflation rate decelerated to 3.4 per cent in the year up to May, Statistics Canada says, led by sharply lower gasoline prices.
The annual inflation rate dropped to 1.8%, Statistics Canada said, slightly lower than expected and a tick below the prior month's 1.9%. On a month-on-month basis the consumer price index ...
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.
TORONTO (Reuters) -Canada's annual inflation rate rose to a higher than expected 2.6% in February, on broad-based increases, including the end of the GST/HST holiday on food and certain other ...