canada’s inflation steady at 12
Last Updated : GMT 00:21:31
Arab Today, arab today
Arab Today, arab today

Canada’s inflation steady at 1.2%

Arab Today, arab today

Arab Today, arab today Canada’s inflation steady at 1.2%

Ottawa - Agencies

Canadian inflation was slightly stronger than expected in October as prices rose for almost all consumer items, but the rate remained well below the central bank’s 2 per cent target, suggesting interest rate hikes are still a long way off. Annual inflation held steady at 1.2 per cent, unchanged from September but above the 1.1 per cent forecast by market players. The consumer price index rose 0.2 per cent in October from September. Gasoline and electricity prices grew at a slower year-on-year pace than in September while prices for food, air travel and property taxes rose more sharply, Statistics Canada said in a report on Friday. Core inflation, which strips out gasoline and other volatile items, was unchanged from September at 1.3 per cent year-on-year. Market players had forecast 1.2 per cent core inflation. With price pressures holding below 2 per cent since March, there is little pressure on the Bank of Canada to follow through on its warning that it may need to raise interest rates, a stance that has made it an outlier among major economies. The consumer price index rose 1.2 per cent in October year-on-year, while the core inflation rate, which excludes prices for gasoline and other volatile items, was up 1.3 per cent. Compared with September, the gauges rose 0.2 per cent and 0.3 per cent, respectively. The annual rates were unchanged from September but slightly above forecasts of 1.1 per cent and 1.2 per cent inflation by market players in a Reuters poll. The lack of inflationary pressure means Bank of Canada Governor Mark Carney has no reason to raise rates soon. He is the only central bank chief in the world’s major industrialised economies to talk about hiking rates, a move that would be made to prevent inflation from overshooting the bank’s inflation target in the medium term. “It doesn’t really change the story -it’s really limited inflation pressure in Canada,” said Sal Guatieri, senior economist at BMO Capital Markets. “Both measures, headline and core, are running a bit below the Bank of Canada’s estimates for the fourth quarter, so it may need to revise down its inflation outlook again,” he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

canada’s inflation steady at 12 canada’s inflation steady at 12

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

canada’s inflation steady at 12 canada’s inflation steady at 12

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday