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wjevo Canada inflation dips to 1.9% in November
2024-12-19
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Ottawa, Canada — Inflation in Canada edged down in November to 1.9 percent, as price increases were lower than expected for most goods, the national statistical agency said Tuesday.
The cost of travel tours and gasoline fell in the month, said Statistics Canada. Mortgage interest costs decelerated for a 15th month in a row, but rents increased at an accelerated pace.
Article continues after this advertisementBlack Friday discounting was deeper than normal, while there was also a pop in hotel prices in Ontario due to Taylor Swift concerts.
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nolimit city slotsAnalysts said the inflation reading came in slightly below expectations, but warned the next few months are likely to be volatile and unpredictable amid a sales tax holiday and US President-elect Donald Trump’s tariff threats.
Compared with a year ago, the debt load increased by 8.4 percent, or an additional P1.2-trillion debt in August.
The airlines, along with Virgin owner Bain Capital, announced details of the proposed agreement, which had long been rumored, before markets opened in Sydney.
Article continues after this advertisementTrump has vowed to impose 25 percent tariffs on imports from Canada and Mexico when he returns to the White House in January, accusing the top US trading partners of not doing enough to stop the flow of illegal migrants and drug trafficking.
Article continues after this advertisementThe governor of Bank of Canada, Tiff Macklem, after cutting its key lending rate last week to 3.25 percent, said Canadians should “anticipate a more gradual approach to monetary policy” going forward.
Analysts said the latest inflation data supports the central bank’s position, but that could change if the country plunges into a recession.
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