Skip to content
The consumer price index rose 3.1 per cent in September from a year earlier, Statistics Canada reported. The escape from the Bank of Canada’s comfort zone was caused by gasoline, which cost almost 30 per cent more last month than in September 2025. (The Logic)
Talking point: With the jobless rate moving higher, the Canadian economy probably would benefit from lower interest rates. Yet it’s becoming difficult for the Bank of Canada to ignore the consumer price index, the beacon that guides policy. “The risk that inflation broadens and becomes more persistent has gone up,” governor Tiff Macklem said Saturday from Bangkok, where he was attending meetings of the International Monetary Fund and World Bank. Still, Macklem probably will opt to leave rates unchanged Oct. 28. Excluding gasoline, the index rose 2.2 per cent, less than the previous month, and the central bank’s preferred measures of core inflation were below the two per cent target.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
The Big Read
Beacon is building an AI empire by fixing Main Street’s software
Briefing
Inovia raises US$200M for new VC fund as it eyes AI’s impact
43% of eligible Albertans voted ahead of Monday’s referendum
AI chip company Tenstorrent raises US$1.5B, valuing it at US$6.2B
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
