Statistics Canada says annual inflation rate slowed to 3.1% in October
Report suggests there is no need for further rate hikes
- By: The Canadian Press
- November 21, 2023 November 21, 2023
- 12:21
Report suggests there is no need for further rate hikes
The CPI report Tuesday morning will be followed by the government's fall economic statement
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HELOC balances declined, mortgage growth slowed in September
Foreign investors reduce Canadian bond holdings, domestic investors add offshore bonds in September
Weaker energy prices drive input costs lower, according to StatsCan
Rate cuts to start materializing by mid-year
Single-detached urban starts contributed to the increase
Seniors living longer may reduce the need for downsizing
The national average home price rose 1.8% year-over-year to $656,625
The figures reflect a slowdown in consumers' willingness to spend after a blowout summer
Auto sector leads gain in wholesale activity as inventories shrink
Manulife's Frances Donald warns that the current environment has made forecasting very difficult
More recent data in Canada, U.S. points to rising joblessness
Cheaper gas slowed overall price increases
9.9% year-over-year increase is sixth consecutive monthly record high
Wednesday’s planned meeting between Biden and Xi would be the first time the two leaders will have spoken in a year
Those in the bottom half of earners saw their average income decline