Tag: economic data Canada

• Canada’s Inflation Rate Rises to 2% in October, Lowering Likelihood for Large Rate Cuts

  

  Canada’s inflation rate unexpectedly climbed back to 2.0% in October 2024, driven by a smaller decline in gasoline prices and rising grocery costs. This marks the first increase in the annual inflation rate since May, aligning with the Bank of Canada’s forecasts and curbing market expectations for a significant rate cut next month. The news…

  Kaleylangille

  November 22, 2024

  Uncategorized

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