By David Ljunggren and Steve Scherer OTTAWA (Reuters) -Canada's annual inflation rate in August jumped to 4.0% from 3.3% in July on higher gasoline prices, ...
OTTAWA - Canada's annual inflation rate in August jumped to 4.0% from 3.3% in July on higher gasoline prices, while two of the three core inflation measures also rose, Statistics Canada saidSaltWire's Atlantic regional weather forecast for September 19, 2023 | SaltWireOTTAWA -Canada's annual inflation rate in August jumped to 4.0% from 3.
"We have got to avoid overly strident opinions that the bank is done with rate hikes and be more circumspect, follow the evidence," said Derek Holt, vice president of capital markets economics at Scotiabank."I still think we need to leave the door very much open to further rate hikes, plural." The Canadian dollar was trading 0.6% higher at 1.34 to the greenback, or 74.63 U.S. cents, after touching its strongest level since Aug. 10 at 1.3383.
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