Canada Inflation
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Why did the Bank of Canada hike rates? Here’s what ‘tipped the balance’Bank of Canada deputy governor Paul Beaudry says recent economic data suggests the risk of sticky inflation has gone up, prompting the latest interest rate hike.Economy6 hours
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Lululemon stock surges as consumers keep coming backLululemon's stock soared 15 per cent in early trade on Friday, after the apparel retailer defied investor worries with a full-year outlook lift amid little pullback from consumers.MoneyJun 2
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Gas prices could start rising over long weekend and into summer, economists sayExperts say shifting factors including wildfires in Alberta, a slowing economy and potential pressures on supply will all have an effect on gas prices.ConsumerMay 19
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Inflation surprise puts Bank of Canada in a ‘tough spot’ for rate hikesThe annual pace of inflation climbed back up slightly in April, breaking a streak of declines and putting pressure on the Bank of Canada as it weighs where to take interest rates.CanadaMay 16
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Housing upturn could delay a shift by Bank of Canada to cut rates. What to knowThe housing market's upturn comes after the Bank of Canada paused its interest rate hiking campaign last month, leaving the benchmark rate at 4.5 per cent since January.EconomyMay 15
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As inflation cools, higher wages could stand in the way of reaching 2% goalStatistics Canada's consumer price index report set to be released Tuesday is expected to show inflation slowed once again in April.CanadaMay 12
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Bank of Canada not seeing ‘alarm bells’ in housing market despite mortgage painBank of Canada governor Tiff Macklem said Thursday he doesn't see the current levels of mortgage stress in Canada as a risk to the overall health of the housing market.EconomyMay 4
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Bank of Canada expected to hold interest rate again as inflation cools'When we combine all these things together, it certainly looks like the (central) bank is likely to hold rates steady for now,'' said BMO's chief economist.EconomyApr 9
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U.S. retail giants not making food inflation worse in Canada, experts sayCanadian grocers and consumers are under pressure as food prices continue to skyrocket despite overall inflation easing in recent months.ConsumerMar 29
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Inflation cooled in February. How will the Bank of Canada respond?Inflation cooled to 5.2 per cent in February, marking the largest deceleration in the headline Consumer Price Index figure since the start of the COVID-19 pandemic.EconomyMar 21
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