inflation canada news

Canada's inflation rate finally hit the Bank of Canada's target. What does that mean for prices?

Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada's target in its long campaign to cool price growth.

Reuters on MSN · 2d

Canada's 2% inflation rate in August raises hopes for large rate cut

Canada's annual inflation rate reached the central bank's 2% target in August, data showed on Tuesday, fuelling hopes for a 50-basis-point interest rate cut by the country's central bank next month. T

Bloomberg L.P. · 3d

Inflation in Canada Hits 2% Target for First Time Since 2021

Inflation in Canada fell to the slowest yearly pace since February 2021 and core measures continued to ease, keeping the door open for larger interest rate cuts from the Bank of Canada.

2don MSN

Canada’s inflation drops to 2% in August, signalling economic stability amid housing concerns

Canada's annual inflation rate fell to 2% in August 2024, its lowest level since February 2021, making a surprising event for ...

Investment Executive29m

Bank of Canada drops plans to issue digital currency

The Bank of Canada began conducting research on a digital currency in 2020, including examining the implications of a digital ...

Bank of Canada Gov: AI Investments Could Add Short-Term Inflationary Pressure

OTTAWA--Investments in productivity-enhancing artificial intelligence are boosting demand in the economy, and that could put upward pressure on inflation in the short term, Bank of Canada Gov. Tiff ...

Reuters3d

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 ...

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