Canada S Hotter Than Expected Inflation Reading Sets Stage For Another Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. Inflation for october was always expected to come in hotter, michael davenport, an economist at oxford economics canada, said in a note, citing “a larger than normal increase in property taxes” as helping to accelerate the reading to two per cent.
Hotter Than Expected Inflation Algomodel Canada’s inflation rate rose to two per cent in october, lowering the likelihood of another jumbo cut to interest rates by the bank of canada next month. the re acceleration, from a 1.6 per cent reading in september, was largely attributed to a smaller decline in gasoline prices in october, statistics canada said tuesday. The chances of the bank of canada delivering a second ‘oversized’ rate cut next month have taken a hit after tuesday’s inflation report came in slightly hotter than expected. the annual headline inflation rate for october climbed to 2.0%, exceeding the 1.9% economists had predicted and up from september’s 1.6% reading. How today’s hotter than expected inflation report has shifted market bets and economist views for future boc rate cuts canadians were primarily finding relief at the gas pumps in april. Ottawa — canada's latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week.
Traders Are On Alert For A Hotter Than Expected Inflation Print How today’s hotter than expected inflation report has shifted market bets and economist views for future boc rate cuts canadians were primarily finding relief at the gas pumps in april. Ottawa — canada's latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate. But better than expected growth and a resilient labour market have kept the economy churning, so the bank of canada increased interest rates in both june and july to continue its inflation fighting stance. the policy rate is now five per cent, the highest it’s been since 2001.
Inflation Comes In Hotter Than Expected R Rebubble Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate. But better than expected growth and a resilient labour market have kept the economy churning, so the bank of canada increased interest rates in both june and july to continue its inflation fighting stance. the policy rate is now five per cent, the highest it’s been since 2001.
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