Oil prices have fallen dramatically over the last few months, going from a summertime high of $107.68 to below $50 per barrel today. This change … Read More
Should Inflation in Canada be low?
Most advanced economies around the world have adopted inflation targets of around 2%, and it has become established wisdom that a central bank’s main task … Read More
What is Inflation Targeting?
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
Canada’s inflation rate dips to 2 per cent on cheaper gasoline prices
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
