Canada’s inflation problem is getting worse, as the latest reading jumped to a multi-year high. The Consumer Price Index (CPI) ripped higher in October, according to Statistics Canada (Stat Can). Annual growth reached an 18-year high in the latest data, though you’d be lucky if your expenses increased by only that much. The majority of […]
Canadians are seeing higher inflation and one of the country’s biggest banks thinks you might want to get used to it. BMO senior economist Douglas Porter wrote to capital markets customers to clarify a position in a national newspaper. The outlet had isolated his quote, and used it to downplay concerns about inflation. In reality, […]
Canadian inflation made an unexpected surge last month. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) jumped in July. The measure of inflation accelerated after a brief pause the month before. Housing once again played a big role in the acceleration of the cost of living. Canadians Saw Their Cost of Living […]
Canadian inflation should be smooth sailing, coming in low and stable from now on. A small catch though — your cost of living may not actually see low inflation. Statistics Canada (Stat Can) consumer price index (CPI) data shows an unexpected slowdown in June. The popular interpretation for today’s release is, this proves high inflation […]
Canadians have been begging for housing costs to have a greater influence on inflation. They’re going to finally get what they’ve been asking for… but it’s going to work against them. The consumer price index (CPI) basket weights got an update from Statistics Canada (Stat Can). One of the biggest changes to the index is […]
Canadian shelter costs are soaring, but haven’t contributed much to inflation data. That is, until now. Statistics Canada (Stat Can) updated its consumer price index (CPI) for May. The index is accelerating at the fastest rate in over half a decade, and for the most part — it’s not base-effect. Gasoline and shelter costs were […]
