US EditionCanada's annual inflation rate in August rises less than expected
Canada's inflation rose to 1.9% in August, slightly below forecasts, reinforcing market expectations for the Bank of Canada to cut interest rates amid economic slowdown.
- On Tuesday, Statistics Canada released August inflation figures this morning, arriving one day before the Bank of Canada's Wednesday interest-rate announcement.
- CPI-Trim and CPI-median indicated core inflation near 3.0%, with the Bank of Canada closely watching these core gauges that exclude volatile items.
- Statistics Canada's data showed headline CPI increased to 2.0 in August, with core inflation edging down to 2.4%.
- With the policy meeting imminent, financial markets largely expect a quarter-point cut to 2.5%, and five-year Government of Canada yields briefly spiked to 2.7% before easing to 2.67%.
- Economists noted that the August inflation report, released Tuesday, supports further easing amid weakening labour market conditions.
42 Articles
42 Articles
Rate cut from BoC ‘almost a given,’ economist says after latest inflation print
A day before the Bank of Canada is scheduled to make its next interest rate decision, a cut from the central bank remains almost certain, an expert said, following the release of August inflation data from Statistics Canada.
ElliotLakeToday.com
Bank of Canada rate cut expected even as inflation ticks up to 1.9% in August
OTTAWA — Most economists believe the Bank of Canada has a green light to cut interest rates on Wednesday after a last-minute inflation report showed price pressures were relatively tame in August. Annual inflation rose to 1.
WellandTribune.ca
Canada’s inflation rate ticks up in August amid higher meat prices. Will the Bank of Canada cut interest rates?
Amid signs of higher inflation and economic uncertainty, many economists expect the Bank of Canada to cut its benchmark interest rate during the next rate announcement on Sept. 17.
Inflation Growth Hits 1.9 Percent in August
Prices at the pumps pushed Canada’s headline inflation rate up nearly 2 percent last month, according to new data from Statistics Canada. The headline inflation rate reached 1.9 percent in August, nearly aligning with economists’ forecasts that inflation would increase to 2 percent, up from 1.7 percent in July. The 0.2 percent increase in August was driven by a 1.4 percent increase in gas prices month-over-month, as elevated refining margins mit…
sarnianewstoday.ca
Inflation ticks upwards, but still below Bank of Canada target
A day ahead of the Bank of Canada policy rate announcement, Statistics Canada reports inflation ticked upwards in August to 1.9 per cent year-over-year.That's up two-tenths of a percentage point from July and is slightly below the Bank of Canada target of two to three per cent.Gasoline prices dropped 12.7 per cent from a year ago last month and 2.7 per cent from July, over concerns about slowing economic growth.Without gasoline, the inflation ra…
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