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
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.
Canada may get some inflationary relief
A difference in how the housing market is structured results in a divergence in how inflation is experienced in the two countries
Inflation remains a concern in the American economy, says a a senior macro markets strategist with Rabobank.
Canada may get some inflationary relief
Christian Lawrence told the recent Alberta Beef Industry Conference in Calgary that inflation will remain a concern in the United States, regardless of how the tariff trade war plays out.
Trump inflation fears ease
SAN FRANCISCO, Calif. (Reuters) — A number of leading economists, including advisers to past U.S. presidents, have coalesced around the view that president-elect Donald Trump’s plans to broaden tariffs, cut taxes and curb immigration may not prove as inflationary as early analysis had suggested. At the same time, these economists said, any effort by Trump […] Read more
Talking turkey about the actual cost of a holiday meal
A recent news story about the cost of an American Thanksgiving meal that triggered a social media response was interesting in several ways. It highlighted the public’s continuing concern with food inflation as well as its misunderstanding of how news operations work. Granted, this was a social media squall, not a storm, but it was […] Read more
Bank of Canada cuts rates, hails ‘good news’ on low inflation
OTTAWA (Reuters) – 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. The central bank, which hiked rates to a 20-year high to […] Read more
Inflation fight must walk tightrope amid consumer anger
Like giant cargo ships, the big economies of the world have sailed through stormy seas for several years and finally calmer water might be ahead, but the crews are in a foul mood and are not about to salute their captains. In Canada, the United States and elsewhere, the chaos from COVID-19 and the Russian […] Read more
BBQ pain for we beer and burger boys
Here's where inflation gets real
Here’s where inflation gets real: When millions of Americans get together for backyard barbecues on July 4, the average host is going to be shelling out US$99 for ingredients, including beer and burgers. In 2018 the same stuff only cost $73, according to Rabobank, the global agricultural lender. The average guy or gal now has […] Read more
Bank of Canada interest rate cut to give some borrowers relief
Glacier FarmMedia – Businesses and consumers carrying debt under a variable rate should see some relief with the Bank of Canada’s decision to cut its policy rate today said Farm Credit Canada’s chief economist. “Otherwise I don’t expect the decision today to have major implications for interest rates in financial markets,” said J.P. Gervais in […] Read more
