Tag: Canada inflation
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Bank of Canada Raises Interest Rate to 2.5% as Governor Warns Inflation Could Spread Across Canada
Canada’s central bank has raised interest rates for the first time in a year, bringing its benchmark rate to 2.5% as concerns grow over persistent inflation and rising energy prices. The Bank of Canada announced a 0.25 percentage-point increase to its policy interest rate on October 28, 2026, raising it from 2.25% to 2.5%. Governor…
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Canada’s Federal Debt Could Reach $2.9 Trillion by 2030
Canada’s federal debt is projected to reach nearly $2.9 trillion by 2030, according to a new analysis highlighted by the Fraser Institute following the federal government’s latest fiscal update. The projection comes as the federal government forecasts another large deficit this year, with additional deficits expected over the coming years. Canada Is Projecting Another Major…
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Canada Inflation Watch – The Core Data Canadians Need to See
Canada’s CPI rose in September, with food, rent, property taxes, and mortgage interest leading the gains. What raised eyebrows is what was not highlighted – the Bank of Canada’s preferred core inflation metrics. Here is a clear, data-focused look at what the latest CPI means. Key takeaways Headline CPI: Up 0.5 percentage points to 2.4% in September CPI…
