OTTAWA - The annual pace of Inflation cooled to 1.7 per cent last month ? but rising prices underneath the turbulence of this headline number suggest the Bank of Canada is unlikely to veer from its interest-rate hiking path. A new Statistics Canada report Friday showed that the average of three measures of core inflation, designed to filter out the noise of more-volatile items like gasoline, advanced once again in January to hit 1.8 per cent. The ...
02-23-2018, 11:41 PM
Inflation cools, but core rate hotter
OTTAWA - The annual pace of Inflation cooled to 1.7 per cent last month ? but rising prices underneath the turbulence of this headline number suggest the Bank of Canada is unlikely to veer from its interest-rate hiking path. A new Statistics Canada report Friday showed that the average of three measures of core inflation, designed to filter out the noise of more-volatile items like gasoline, advanced once again in January to hit 1.8 per cent. The ...
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