Canadians are travelling much less, while grocery-buying is up
The research paper made public Monday says a specific consumption pattern, such as that happening during the pandemic, would need “to be sustained in order to have a subsequent impact” on year-over-year headline numbers.
The bank has warned that the economic shock wrought by COVID-19 and structurally low interest rates is having a deep effect on the inflation rate, which is far below the target. People are buying less gasoline, which usually receives a heavier weight in calculating inflation, as its price has plunged and the frequency of car travel has dropped. .The Bank of Canada said in April that it expected inflation to be close to zero in the second quarter.
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.
Foreign doctors’ hopes for fast-track pandemic licenses in Canada fadingThe overburdened healthcare system is frequently an election issue in many Canadian provinces
Read more »
Genetic detectives begin work to trace spread of COVID-19 in CanadaEvery close match will draw a line from patient to patient, ultimately painting a picture of how the virus spread
Read more »
Genetic detectives begin work to trace spread of COVID-19 in CanadaMedical researchers and supercomputers are turning genetics labs into virus detective agencies, looking to find the novel coronavirus itself within blood samples from thousands of infected patients.
Read more »
Genetic detectives begin work to trace spread of COVID-19 in CanadaMedical researchers and supercomputers are looking to find the novel coronavirus itself within blood samples from thousands of infected patients
Read more »