Statistics Canada will release its latest reading on inflation this morning.
Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.Canada's annual inflation rate fell to 2.8 per cent on an annualized basis in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021. However, the pace picked up in July to 3.3 per cent.
The Bank of Canada kept its key interest target on hold at five per cent earlier this month, but noted it was ready to raise rates if needed. Bank of Canada deputy governor Sharon Kozicki is expected to deliver a speech at the University of Regina this afternoon.
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Statistics Canada to release inflation figures for August this morningOTTAWA — Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for August. Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. Canada's annual inflation rate fell to 2.8 per cent on an annualized basis in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021. Ho
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Statistics Canada to release inflation figures for August this morningStatistics Canada will release its latest reading on inflation this morning.
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Statistics Canada to release inflation figures for August this morningStatistics Canada will release its latest reading on inflation this morning.
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Inflation likely gained pace in August, economists expect, reversing progressOTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. Statistics Canada's August consumer price index report set to be released Tuesday is expected to show the annual inflation rate rose for a second month in a row. Canada's inflation rate tumbled to 2.8 per cent in June, entering the Bank of Canada's target range of one to three per cent for the first time since March 2021. The c
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CMHC reports annual pace of housing starts down 1% in AugustOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July. The national housing agency says the seasonally adjusted annual rate of housing starts in August came in at 252,787 units compared with 255,232 in July. The decrease came as the rate of urban housing starts fell one per cent to 233,075 units in August. The pace of multi-unit urban starts decreased one per cent to 191,250, while the rate of single-detac
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CMHC reports annual pace of housing starts down 1% in AugustOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.
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