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Canada Inflation Eases Back to Central Bank Target
Canada Inflation Eases Back to Central Bank Target in August
Canadian inflation matched the central bank’s target last month for the first time in more than three years, smoothing the road for further cuts in interest rates.
Canada's inflation cools to 2% in August, the smallest gain since early 2021
Canada's annual inflation rate reached the central bank's target in August at it cooled to 2 per cent, its lowest level since February 2021, data showed on Tuesday.
Canada’s inflation rate cools to 2% in August, hitting Bank of Canada’s target
Canada’s annual inflation rate was 2.0 per cent in August, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):
2d
Bank of Canada putting more weight on downside inflation and growth risks, meeting summary shows
Central bankers now want economic growth to pick up steam to prevent inflation from undershooting their 2 per cent target ...
Reuters
3d
VIEW Canada's inflation cools to 2% in Aug, reaches central bank's target
TORONTO, Sept 17 (Reuters) -
Canada
's annual
inflation
rate reached the central bank's target in August as it cooled to 2 ...
14h
AI Threatens to Complicate Inflation-Taming Tasks, Bank of Canada Gov. Macklem Says
Adoption of artificial intelligence could prompt firms to change prices more frequently to reflect economic conditions.
10h
Inflation bullseye and U.S. Federal Reserve cut mark turning point for economic narrative
Both Canada and the U.S. appear to be on track for a ‘soft landing’ where price stability is restored without a recession or ...
3d
Wholesale inflation dropped to 4-month low of 1.31% in August
Wholesale inflation drops to 1.31% in August due to lower food and fuel prices, contrasting with rising retail inflation.
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