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Topic

Canada's annual inflation

Canada's annual inflation rate in May accelerates to 3.6pc

Canada's annual inflation rate in May accelerates to 3.6pc

Updated 16 Jun, 2021 06:02pm
  • Canada's annual inflation rate accelerated to 3.6%, from 3.4% in April, Statistics Canada said. That was slightly ahead of analyst expectations that the annual rate would rise to 3.5%.
  • The Bank of Canada targets the 2% mid-point of a 1-3% inflation control range. It expects inflation to stay around 3% through the summer before easing later in the year.
Canada's Ivey PMI shows activity expanding at a slower pace in April

Canada's Ivey PMI shows activity expanding at a slower pace in April

Published 07 May, 2021 08:32pm
  • The seasonally adjusted index fell to 60.6 from 72.9 in March. The March reading was the highest since March 2011 and the second highest since the PMI was launched in 2000.
  • Economic restrictions were tightened in some Canadian provinces in April to tackle a third wave of the coronavirus pandemic.
Canada inflation rate ticks up in February on gas prices

Canada inflation rate ticks up in February on gas prices

Published 17 Mar, 2021 08:23pm
  • All three core measures of inflation were steady in February. CPI common, which the Bank of Canada says is the best gauge of the economy's underperformance, was flat at 1.3%.
  • Generally speaking, you don't have emergency levels of disinflationary pressures to justify emergency levels of stimulus, in my opinion.
Canada annual inflation rate slows to 0.7pc in December

Canada annual inflation rate slows to 0.7pc in December

Published 20 Jan, 2021 08:02pm
  • Headline inflation was below analyst expectations for inflation to remain at November's 1.0% rate. Consumer prices fell 0.2% on the month.
  • The Canadian dollar was trading 0.3% higher at 1.2692 to the greenback, or 78.79 US cents as investors bet on hefty US fiscal stimulus.
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