Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, causing markets to scale back bets on a big rate cut next month.
Inflation ticked up to 2% in October
Canada's inflation rate ticked up to two per cent in October, Statistics Canada said on Tuesday. The consumer price index had previously hit 1.6 per cent in September thanks to a steep decline in gas prices.
Inflation rate rises to 2% in October, reducing odds of another jumbo rate cut
OTTAWA — Canada’s inflation rate climbed back up to two per cent in October, shifting expectations slightly in favour of a quarter-percentage point interest rate cut next month. The report from Statistics Canada on Tuesday said prices in October increased at a faster annual pace in five out of the eight major components of the consumer price index.
Canada's annual inflation rate rises to 2% in October
Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of another large rate cut in December.
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Live updates: Canada’s inflation rate jumps back up to 2% in October
The last inflation report to be released before the Bank of Canada’s next interest rate announcement on Dec. 11
Canada’s inflation rate rose to 2 per cent in October
Canada’s inflation rate rose to two per cent in October, up from the 1.6 per cent for September, Statistics Canada said on Tuesday morning.
Canada’s inflation rate ticks back up to two per cent in October, StatCan says
OTTAWA - Statistics Canada’s consumer price index report today says the annual inflation rate hit two per cent last month.
Statistics Canada set to release October inflation figures today
Statistics Canada is expected to release its October consumer price index report this morning. Economists polled by Reuters expect the annual inflation rate rose to 1.9 per cent last month, according to LSEG Data & Analytics.
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