inflation

With inflation below target, the BoC is expected to impose a very significant rate cut this week Debt Guru

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With inflation below target, the BoC is expected to impose a very significant rate cut this week Debt Guru

By Nojoud Al Mallées The central bank’s interest rate announcement Wednesday comes after Statistics Canada reported that the annual inflation rate fell to 1.6% in September, below the inflation target of 2 % of the Bank of Canada. Nathan Janzen, deputy chief economist at RBC, said the latest consumer price index report reinforced his expectations … Read more

Economists predict inflation will have fallen below 2% in September Debt Guru

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Economists predict inflation will have fallen below 2% in September Debt Guru

By Rosa Saba “We expect headline inflation to fall below the bank’s 2% target in September,” said Shelly Kaushik, an economist at BMO. Kaushik said she expects annual headline inflation to cool to 1.8%, largely thanks to last month’s drop in gasoline prices, but added that as pump prices increased in October, the overall figure … Read more