Statistics Canada inflation

Unexpected inflation drop won’t hasten Bank of Canada’s rate cut plans, economists say

February 20, 2024 No Comments

The Bank of Canada is still likely to wait until mid-year before delivering its first rate cut, despite January’s downside surprise in inflation, economists say.

Inflation crept back up in December: “We’re not out of the woods yet”

January 16, 2024 No Comments

For the third time since 2022, Canada’s headline inflation rate reversed course and trended back upward in December. Headline inflation rose 3.4% last month, Statistics

The Bank of Canada’s fight against inflation isn’t over as progress stalls in November

December 19, 2023 No Comments

Despite expectations that inflation would dip below 3% in November, headline inflation instead stalled, remaining unchanged from October.

“No need for further rate hikes” after inflation surprises to the downside

October 17, 2023 No Comments

With Canada’s headline inflation rate once again trending downward, next week’s Bank of Canada rate decision is now looking decidedly more like a rate hold.

Inflation rises more than expected in August, keeping BoC rate hikes in play

September 19, 2023 No Comments

Inflation heated up more than expected in August, raising the odds of yet another Bank of Canada rate hike in October.

Bank of Canada won’t be pleased with July inflation data, but rate hold still expected

August 15, 2023 No Comments

Economists say the Bank of Canada likely won’t be pleased with July’s headline inflation reading, which came in hotter than expected.

Inflation falls below 3%, but core measures still proving “sticky”

July 18, 2023 No Comments

Canada’s headline inflation reading took another step towards the magic 2% figure by slowing to an annual rate of 2.8% in June.

Inflation accelerated in April. Could that open the door to further rate hikes?

May 16, 2023 1 Comment

Canada’s headline inflation reading ticked up in April, ending a five-month deceleration streak.

Core inflation rose in Canada in November

BoC rate hikes among the leading contributors of inflation now due to mortgage costs

April 21, 2023 3 Comments

The country’s inflation rate may be coming down, but there are still some parts of the economy exerting upward pressure, including, ironically, high inflation rates.

Sharp drop in inflation suggests interest rates have peaked: ING

March 22, 2023 1 Comment

For the second straight month, Canada’s headline inflation rate surprised to the downside, all but guaranteeing another Bank of Canada rate pause at its April 6 meeting.