Tag: Canadian economy
Canada’s CPI Rebounds to 2% in Oct, Services Inflation at Lowest Since Jan 2022
Canada's inflation picked up speed in October, reaching an annual rate of 2.0% year over year. This was slightly higher than the expected 1.9% and an improvement from September's 1.6% year over year. The...
Canadian Inflation Analysis: BoC Rate Cut Impact – Action Forex
Canada's inflation report for October is set to be released soon, and all eyes are on it after it fell below the Bank of Canada's 2% target for the first time since 2021 in...
Canadian Economy Faces Continued Weakness in Q2 GDP Report
The Canadian economy is bracing for continued weakness as the Q2 GDP report is expected to show further signs of decline. With a projected 1.4% increase in GDP (annualized rate) for the second quarter,...