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In August 2023, Canada's inflation rate reached four percent, primarily driven by increased gas prices. [35] Food inflation rates reached 8.5 percent. [36] In November 2024, Canada's annual inflation rate rose to 2.0% in October, exceeding analyst expectations and marking the first increase since May 2024. [37]
As a result, interest rates and inflation eventually came down along with the value of the Canadian dollar. [88] From 1991 to 2011 the inflation-targeting regime kept "price gains fairly reliable". [91] Following the Great Recession, the narrow focus of inflation-targeting as a means of providing stable growth in the Canadian economy was ...
On October 24, 2018 the Bank of Canada raised its benchmark interest rate to 1.75%, the highest it has reached in ten years to prevent inflation. The key interest rate had been kept low in response to the 2008 economic slowdown. [43] By raising the rate, the Bank of Canada is indicating that the Canadian economy no longer needs "stimulus." [43]
Canada's annual inflation rate hit 8.1% in June, up from 7.7% in May, driven by higher costs at the gas pump and almost everywhere else, Statistics Canada said, but short of forecasts it would ...
Consumer prices rose 6.7 per cent in March from the year before, says Statistics Canada.
It's used by {{Inflation/CA}} for calculating the inflation rate between two given years, which in turn is used by {} to calculate inflated values. It usually isn't meant to be called directly. The information in this dataset is manually input from: Inflation numbers from 1688 to 1923 are from A Price Index for Canada, 1688 to 1850
OTTAWA (Reuters) -Canada's annual inflation rate eased more than expected in August even as food prices rose at their fastest pace in 41 years, data showed on Tuesday, with economists saying now ...
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