Inflation Rate
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Companies have been quick to pass higher costs on to customers, BoC findsRecent research from the central bank shows price increases have mirrored the cost increases businesses have faced, a Bank of Canada official said Tuesday.EconomyOct 3, 2023
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Inflation uptick could mean interest rates stay higher for longerNew economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.MoneySep 28, 2023
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Inflation just took a ‘significant step away’ from the Bank of Canada’s 2% goalAugust's consumer price index figures mark the second consecutive month inflation has accelerated in Canada, even as grocery prices saw some relief.CanadaSep 19, 2023
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B.C. sets maximum allowable rent increase for 2024 below inflation rateThe B.C. government said the rent cap is 'well below' the 12-month average inflation rate of 5.6 per cent and applies to rent increases on or after Jan. 1, 2024.EconomySep 11, 2023
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Why inflation’s latest jump is bad news for the Bank of CanadaStatistics Canada says the annual rate of inflation in the country jumped to 3.3 per cent in July, but food prices showed signs of slowing pressures.MoneyAug 15, 2023
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Metro posts massive profit as GTA workers continue to strikeMetro says earnings surged in its latest quarter, fuelled by higher same-store sales. The third-quarter earnings come as Metro grocery store workers in the GTA continue to strike,MoneyAug 9, 2023
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Bank of Canada prepared to raise rates further if inflation progress stallsInflation could rise again if the Bank of Canada did not continue to put pressure on the economy through higher rates, the governing council decided earlier this month.MoneyJul 26, 2023
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Tired of high grocery prices? What to expect as the Black Sea grain deal endsInflation at the grocery store is more than three times the overall rate of inflation in Canada. Here's what global price pressures mean for your wallet in the months ahead.MoneyJul 19, 2023
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Inflation falls into the Bank of Canada’s target range. Are rate hikes done?Inflation has fallen back into the Bank of Canada's target range of one-to-three per cent, but some economists are warning that might not be enough to stave off future rate hikes.EconomyJul 18, 2023
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Inflation rate dropped to 3.4% in May. What that means for the Bank of CanadaThe Bank of Canada is likely to be watching the May inflation report closely. Here's what it could mean for the central bank's next interest rate decision in July.MoneyJun 27, 2023
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