The consumer price index increased 1.9 per cent in November from a year earlier, with Black Friday sales balancing higher rent, according to Statistics Canada. Headline inflation was two per cent in October, the bull’s-eye of the range the central bank targets to set the benchmark interest rate. (The Logic)
Skip to content
The consumer price index increased 1.9 per cent in November from a year earlier, with Black Friday sales balancing higher rent, according to Statistics Canada. Headline inflation was two per cent in October, the bull’s-eye of the range the central bank targets to set the benchmark interest rate. (The Logic)
Talking point: Inflation is fading as a source of uncertainty, as the central bank appears to have successfully contained upward cost pressures. The central bank can’t turn back the clock, however; Statistics Canada said the price of groceries were 19.6 per cent higher than November 2021, and shelter costs were 18.9 per cent higher over the same period. With the cost of living now entrenched at higher levels, the Bank of Canada’s next challenge is to drive economic growth and boost hiring and wages to ease the strain on households and businesses. Expect governor Tiff Macklem to continue to lower interest rates in 2025.
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.
Exclusive
What the Maple 8’s first chief AI officer is up to
Briefing
Canada unlikely to double non-U.S. exports by 2035 without big investments: Report
Trucking giant TFI to start using driverless big rigs in the U.S.
U.S. fintech Ramp opens Toronto office, expands Canadian offerings
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.
