Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
OTTAWA - Economists are forecastingreaccelerated to around four per cent last month, reversing previous progress made as gasoline prices pushStatistics Canada's August consumer price index report set to be released Tuesday is expected to show the annualrate tumbled to 2.8 per cent in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021.
Earlier this month, the Bank of Canada opted to hold its key interest rate steady at five per cent after hiking rates at its two previous meetings. The decision was made after recently released data showed the economy contracted in the second quarter.
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Inflation likely gained pace in August, economists expect, reversing progressOTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. Statistics Canada's August consumer price index report set to be released Tuesday is expected to show the annual inflation rate rose for a second month in a row. Canada's inflation rate tumbled to 2.8 per cent in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021. The c
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Inflation likely gained pace in August, economists expect, reversing progressOTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
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Inflation likely gained pace in August, economists expect, reversing progressOTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push…
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Inflation likely gained pace in August, economists expect, reversing progressOTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push…
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Inflation likely gained pace in August, economists expect, reversing progressEconomists are forecasting inflation reaccelerated last month, reversing previous progress made as gas prices push inflation higher.
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Inflation likely gained pace in August, economists expect, reversing progressExecutive director of economics at TD, James Orlando, said the slowing economy gives the Bank of Canada reason to hold interest rates where they are, even if inflation ticks higher in the short term
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