Statistics Canada says prices at the pumps rose 9.2 per cent following a summer of declines from record highs
Canada’s inflation rate held steady in October at elevated levels, snapping a three-month streak of deceleration that was heavily influenced by rising costs at gas stations.inflation rate
Canada’s inflation reports have been frequently whipsawed by volatile prices at the pumps. In October, gas prices jumped 9.2 per cent, following a summer of declines from record highs. Statscan said announcements of oil production cuts among overseas producers and a weaker Canadian dollar contributed to the recent upswing in costs.
said last week in a speech. “Monetary policy has begun to have an impact, but it will take time for the effects of higher interest rates to spread through the economy and reduce demand and inflation.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Statistics Canada to release October inflation data this morning - BNN BloombergStatistics Canada is expected to release October inflation numbers this morning.
Read more »
Statistics Canada to release October inflation rate as gas prices rose - National | Globalnews.caEconomists are warning Canada's annual inflation rate likely ticked higher as gas prices went up and grocery costs continued to soar last month.
Read more »
Annual inflation rate was unchanged in OctoberStatistics Canada says the annual inflation rate was 6.9 per cent in October.
Read more »
Statistics Canada says manufacturing sales unchanged in September at $70.4BStatistics Canada says manufacturing sales were unchanged in September at $70.4 billion.
Read more »
Annual pace of housing starts in Canada slowed in October, CMHC says - National | Globalnews.caThe national housing agency says the seasonally adjusted annual rate of housing starts in October was 267,055 units, down 11 per cent from 298,811 units in September.
Read more »
Canada’s inflation rate likely rose in October as gas prices surged: forecasters - National | Globalnews.caStatistics Canada is expected to release its October report on the consumer price index on Wednesday, and economists are warning annual inflation rate likely ticked higher.
Read more »