Inflation rate dipped to 2.2% in October Economics
Inflation in Canada cooled less than expected last month, supporting the Bank of Canada’s decision to move to the sidelines after back-to-back rate cuts. Economics
TORONTO — Economists expect October’s annual inflation reading will show an easing from September as lower gasoline prices helped offset increases elsewhere. Statistics Canada is set to report inflation figures for last month on Monday, a change from its usual Tuesday release. A Reuters poll of economists ahead of the release predicts annual inflation fell […] Economics
OTTAWA — The Bank of Canada cut its benchmark interest rate by a quarter point today and is signaling it may be satisfied with where the policy rate stands amid ongoing U.S. trade uncertainty. The central bank’s key rate now sits at 2.25 per cent after a second consecutive cut. Bank of Canada governor Tiff […] Other
Most economists expect the Bank of Canada to cut borrowing rates this week after mixed economic gauges on inflation and the job market. Other
OTTAWA — Most economists expect the Bank of Canada will look past strong jobs data and signs of stubbornness on the inflation front to deliver a second consecutive interest rate cut this week. BMO chief economist Doug Porter is among those expecting a second straight cut on Wednesday, but he admits recent economic data hasn’t […] Economics
Pessimism about the economy will weigh on business investment and hiring Economics
