Cheer up, Canadians might get relief from hot inflation sooner than we think — via financialpost Canada inflation
Faced with the hottest inflation in almost 40 years and rising interest rates — not to mention growing recession warnings — Canadians’ confidence is sinking.by the Conference Board of Canada saw consumer confidence fall another 6.6 points in July, after dropping 8.8 points in June.
An average of the three core measures rose by only 0.1 percentage point, the smallest increase in eight months, he said. Commodity prices have fallen almost 20% in the past six weeks, bringing them back to levels seen before the invasion of Ukraine.Article content Globally, demand for goods appears to be easing, reducing pressure on supply chains and bringing down the astronomical freight rates seen during the pandemic. Retail inventories are also climbing.
“Just as inflation has grown — literally — like a weed in the past year, it is entirely possible that it can retreat almost as quickly,” he wrote.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Khloé Kardashian, daughter True cheer on North at basketball game amid baby newsA handful of the Kardashian Klan could be seen courtside at North’s game in an Instagram Story posted Friday by friend-of-the-family Natalie Halcro.
Read more »
Peak prices? 'Not just yet' — What experts say about our hot inflationCanada\u0027s inflation rate hits 8.1%, the fastest since 1983. Find out what this means for the economy and the Bank of Canada interest rate
Read more »
Surprising Cardio Habits That Shrink Your Visceral Fat, Trainer Says — Eat This Not ThatWe're here to share with you some surprising cardio habits you can do in your regular routine to shrink your visceral fat.
Read more »
Why Rising Inflation Means You Should Ditch Supermarkets for Your Local Farmers MarketGetting your produce from the farmers market is still worth it because of the health benefits and hospitality, even amid inflation, according to experts.
Read more »
Hot inflation sets Bank of Canada on course for another oversized rate hikeCanada\u0027s inflation rate surged to 8.1 per cent in June, the biggest year\u002Dover\u002Dyear increase since January 1983. Here\u0027s what you need to know
Read more »