statcan inflation Archives - Page 2 of 2 - Mortgage Rates & Mortgage Broker News in Canada

Inflation hits 2-year low due to base effects, but unlikely to prevent another Bank of Canada rate hike

June 27, 2023 No Comments

As expected, Canada’s headline inflation rate fell to a two-year low in May, although the decrease was driving by sharply lower gasoline prices compared to last year.

Inflation accelerated in April. Could that open the door to further rate hikes?

May 16, 2023 1 Comment

Canada’s headline inflation reading ticked up in April, ending a five-month deceleration streak.

Sharp drop in inflation suggests interest rates have peaked: ING

March 22, 2023 1 Comment

For the second straight month, Canada’s headline inflation rate surprised to the downside, all but guaranteeing another Bank of Canada rate pause at its April 6 meeting.

A dive into the latest inflation results…too soon to celebrate?

February 22, 2023 No Comments

On the surface, the Consumer Price Index data for January looks like inflation has finally been defeated. But soaring food prices and mortgage interest costs are continuing to take a bite out of household finances.

High rent, mortgage rates keeping upward pressure on inflation

January 17, 2023 1 Comment

Canada’s inflation rate continued to ease in December, despite upward pressure from rising rents and mortgage interest costs. The Consumer Price Index eased to an

Core inflation rose in Canada in November

“Sticky” core inflation raises the odds of a January rate hike: economists

December 21, 2022 1 Comment

Canada’s headline inflation reading continued to fall in November, but core inflation rose, increasing the potential for an additional Bank of Canada rate hike in January.

“Sticky” inflation raises the odds of another 75-bps rate hike

October 19, 2022 No Comments

Markets raised the odds of another 75-bps rate hike by the Bank of Canada next week following the release of September’s inflation data.

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