Canada's inflation rates hold steady in October as economists expect another rate hike
1 year ago
2
Some better than expected news today about the cost of living in Canada — despite the high price of gasoline, inflation is holding steady in October and some grocery prices began to level out.
Economists were expecting worse, but inflation still remains hot at 6.9 per cent for the second month in a row.
Some items are seeing price increases due to exacerbating factors. Lettuce rose over 30 per cent during the month of October, partially due to a key California region being hit with diseased crops in a growing season already impacted by drought and extreme heat.
With inflation still elevated, money markets expect yet another rate hike from the Bank of Canada in December.
Global's Anne Gaviola reports.
#GlobalNews #inflation
Loading comments...
-
2:03
B.C. Begley
2 months agoBank of Canada Keeps Rates Unchanged, Needs More Evidence Of Slowing Inflation Before Cuts
43 -
13:02
yasinnizami
2 months agoWARNING: Canada's Low Productivity Would Spike Inflation Again!
9 -
51:06
The Maria Rekrut Channel
11 months agoCanadian Inflation Slowing, But Not Enough To Prevent Rate Hike!!
2 -
1:11
ServedNews
1 year agoRising interest rates incoming - Bank of Canada!
10 -
3:07
TrueNorthCentre
2 years ago $0.03 earnedJustin Trudeau is making the inflation crisis worse
11.2K15 -
13:18
Arcadia Economics
1 year agoFed's Barkin: Rate hikes until inflation HOLDS at 2%
473 -
3:34
alexiaweto
1 year agoWill the latest Bank of Canada interest rate hike level out Canada's battle with inflation in 2023?
11.9K -
3:15
Theory Vault
9 months agoCanada's Economic Dilemma: Falling Behind the World
64 -
5:02
cdnpoli - House Drama
11 months agoAnother rate hike: Canadian are hit with double whammy
71 -
11:46
EconWorld
6 months agoCanada's Economy is in Serious Trouble
591