OTTAWA — Canada’s inflation rate fell to two per cent last month, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth. The annual inflation rate fell from 2.
OTTAWA — Canada’s inflation rate fell to two per cent last month, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth.
Statistics Canada’s consumer price index report on Tuesday attributed the slowdown in part to lower gasoline prices. The Bank of Canada’s preferred core measures of inflation, which strip out volatility in prices, also edged down in August. The central bank began rapidly hiking interest rates in March 2022 in response to runaway inflation, which peaked at a whopping 8.1 per cent that summer.
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.
Man accused of grabbing 14-year-old girl now facing charges in 5 separate incidentsAn Ottawa Police Service cruiser parked in downtown Ottawa in August 2024.
Read more »
Ottawa Food Bank raffling off 2 Taylor Swift tickets to celebrate 40th anniversaryThe Ottawa Food Bank is holding a raffle to celebrate its 40th anniversary and two lucky winners will have a chance to see Taylor Swift perform live.
Read more »
Ottawa Food Bank raffle for Taylor Swift tickets sells out in hoursA raffle by the Ottawa Food Bank for Taylor Swift tickets has officially sold out only hours after it went live.
Read more »
Major public service union asks members not to shop downtownA former Bridghead coffeeshop now sits empty on Bank Street in Ottawa.
Read more »
Bank of America names co-leaders for initiative linking investment bank, wealth unitsJim Rourke and Michael Liu are set to lead the initiative named Private Client Partnership Development, according to the memo. The co-heads will be...
Read more »
Canadian Western Bank shareholders approve National Bank takeoverEDMONTON — Canadian Western Bank says shareholders have overwhelmingly voted in favour of a sale of the company to National Bank of Canada.
Read more »