Canada has been known for being one of the most financially stable countries in the world, and this rings especially true since Canada is one … Read More

In the last few months we have seen some major changes in Canada’s economic landscape. Canada’s inflation rate fell from 2 percent in November to … Read More

Canada’s central bank surprised many when it lowered it’s trend-setting overnight rate from 1 per cent to just 0.75 per cent on January 21st. The … Read More

Responding to lower than expected growth and inflation, Canada’s central bank lowered its benchmark rate from 1 per cent to 0.75 per cent on Wednesday. … Read More

Following almost two decades of high inflation in the 1970’s and 1980’s, inflation targeting was widely adopted by developed nations. Under inflation targeting, Central Banks … Read More

Statistics Canada has announced  that Canada’s annual CPI inflation rate has dropped to 2.0 per cent in November, compared to 2.4 per cent in October. The slower pace was mainly attributed to lower gasoline prices, which saw a drop of 5.9 per cent year-over-year across the country.   Slowest pace of growth in 8 months The consumer price index rose by 2 per cent since November last year and now matches the central bank’s inflation target, which the Bank of Canada uses as its principal policy guide when setting interest rates. Inflation has hit its lowest level since March 2014, representing the slowest pace in roughly eight months. The CPI measures changes in the prices Canadian consumers pay for a range of goods and … Read More