canada inflation news

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 fell to two per cent in August 2024, Statistics Canada reported on Tuesday, hitting the Bank of Canada's target.

Bloomberg L.P. · 19h

Bank of Canada Officials Split on Balance of Inflation Risks

Some Bank of Canada officials are increasingly worried about downside risks to inflation as they decide how to set interest rates, while others see them as more balanced.

Reuters · 1d

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.

46m

Bank of Canada's July Decision Misunderstood by Some Traders, Senior Official Says

OTTAWA--Some market participants initially misinterpreted the Bank of Canada's message regarding its July decision to cut rates as it pertained to downside economic risks, a senior central bank ...

17h

Bank of Canada putting more weight on downside inflation and growth risks, meeting summary shows

Central bankers now want economic growth to pick up steam to prevent inflation from undershooting their 2 per cent target ...

Reuters2d

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 ...

Wholesale inflation dropped to 4-month low of 1.31% in August

Wholesale inflation drops to 1.31% in August due to lower food and fuel prices, contrasting with rising retail inflation.

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