Inflation slows to 6.9%, but that's still way too fast for the Bank of Canada: What you need to know CarmichaelKevin inflation bankofcanada cdnecon mortgagerates
Food costs surged 11.1 per cent, the most since August 1981, led by higher prices for baked goods, fresh vegetables and meat, Statistics Canada said. The agency attributed the increase to poor weather, higher fertilizer and natural gas prices, and “geopolitical instability” resulting from Russia’s invasion of Ukraine.
Inflation broke out of that range in April 2021 and never looked back. Annual increases peaked at 8.1 per cent in June, the biggest in four decades, as gasoline prices, diminished stores of food staples, global supply disruptions, overheated housing markets and a surge in demand after the pandemic combined to create a perfect storm of inflationary pressures.Oct. 10 that its consumer price index rose 10.1 per cent in September from a year earlier.
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Consumers more pessimistic than businesses about inflation: Bank of Canada surveysNew surveys from the Bank of Canada show most consumers and businesses expect Canada to enter a recession.
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Consumers more pessimistic than businesses about inflation: Bank of Canada surveysNew surveys from the Bank of Canada show most consumers and businesses expect Canada to enter a recession.
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Recession expectations widespread, outlook for inflation remains high, Bank of Canada surveys showThe Bank released its business outlook and consumer expectation surveys which show a deterioration in business and consumer sentiment as interest rates rise
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Holiday spending in Canada expected to slump amid inflation, economic uncertainty: reportDeloitte Canada says overall holiday spending is expected to fall 17% to $1,520 per household as recessionary concerns and higher interest rates rein in budgets
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Statistics Canada to release September inflation data this morningStatistics Canada is expected to release September inflation numbers this morning.
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Statistics Canada to release September inflation data this morningStatistics Canada is expected to release September inflation numbers this morning.
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