inflation canada news

Canada's inflation rate finally hit the Bank of Canada's target. What does that mean for prices?

Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada's target in its long campaign to cool price growth.

Bloomberg L.P. · 3d

Inflation in Canada Hits 2% Target for First Time Since 2021

Inflation in Canada fell to the slowest yearly pace since February 2021 and core measures continued to ease, keeping the door open for larger interest rate cuts from the Bank of Canada.

Reuters · 3d

Canada's 2% inflation rate in August raises hopes for large rate cut

Canada's annual inflation rate reached the central bank's target in August at it cooled to 2%, its lowest level since February 2021, data showed on Tuesday.

AI Threatens to Complicate Inflation-Taming Tasks, Bank of Canada Gov. Macklem Says

Adoption of artificial intelligence could prompt firms to change prices more frequently to reflect economic conditions.

3don MSN

Canada’s inflation drops to 2% in August, signalling economic stability amid housing concerns

Canada's annual inflation rate fell to 2% in August 2024, its lowest level since February 2021, making a surprising event for ...

Bank of Canada Gov: AI Investments Could Add Short-Term Inflationary Pressure

OTTAWA--Investments in productivity-enhancing artificial intelligence are boosting demand in the economy, and that could put upward pressure on inflation in the short term, Bank of Canada Gov. Tiff ...

4don MSN

Nigerian inflation falls for second month in August

Nigeria's inflation rate fell for a second consecutive month in August, down to 32.15% year-on-year from 33.40% in July, ...

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