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Canada Inflation Eases Back to Central Bank Target
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.
Canada's 2% inflation rate in August raises hopes for large rate cut
Canada's annual inflation rate reached the central bank's target in August at it cooled to 2%, its lowest level since February 2021, data showed on Tuesday.
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.
6d
on 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 ...
3d
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.
Reuters
6d
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 ...
3d
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
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 ...
7d
on MSN
Nigerian inflation falls for second month in August
Nigeria's inflation rate fell for a second consecutive month in August, down to 32.15% year-on-year from 33.40% in July, ...
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