Canada’s inflation rate hits 2% target
It's the lowest level of inflation in more than three years, data show
- By: Nojoud Al Mallees, Canadian Press
- September 17, 2024 September 17, 2024
- 09:57
It's the lowest level of inflation in more than three years, data show
The increase was driven by higher sales in petroleum, coal and chemical product subsectors
Prospective buyers may be holding off given lower interest rate forecasts, economist says
Consumer spending stays weak, despite rising incomes
Canada's chief actuary is scheduled to deliver the estimate sometime this fall
The previous retirement ages were set when life expectancy was only around 40 years
Household assets top $20 trillion, as financial assets climb
Central bank will need to accelerate easing to avoid recession, economist says
Stronger growth in U.S., China and India led the way
Market uncertainty calls for neutral portfolio positioning, rebalancing
Unemployment has since risen in Canada, but remained at record lows in Europe
European Business in China Position Paper calls on China to open its economy
It was the fifth straight annual drop and the smallest since February 2021
Rent increases in smaller markets outweighed declines in big cities
The question is, how many of its recommendations will the EU act on?
Elevated interest rates, inflation have also increased the cost to finance projects
Shifting supply chains represent risks, opportunities for Canadian business: Macklem
Consumer discretionary sector leads in insolvency filings
Households that face looming stress aren't the ones with extra savings, CIBC cautions