Canadian Inflation Archives - Better Dwelling

Canadian Inflation Slows But Rents Are Rising At The Fastest Rate In 40 Years

Daniel Wong — Tue, 21 Nov 2023 17:49:13 +0000

Canadian households are experiencing less intense inflation pain, but it still remains. Statistics Canada (Stat Can) data shows headline inflation in the Consumer Price Index (CPI) slowed in October. The deceleration was due almost entirely to falling gasoline prices, with inflation printing much higher numbers when excluded. Grocery and shelter costs continue to rise at […]

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Canadian Inflation Slows, But Is It Enough To Spark Rate Cuts?

Daniel Wong — Tue, 18 Jul 2023 20:28:59 +0000

Canada’s latest inflation numbers are coming in even lower than expected. Statistics Canada (Stat Can) data released this morning shows that annual growth for the Consumer Price Index (CPI) slowed in June. Higher rates are starting to throttle demand, but not nearly enough to slow the Bank of Canada (BoC) preferred measure of inflation. Canadian […]

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Bank of Canada Should Release The Inflation Index Data It’s Using: BMO

Daniel Wong — Fri, 28 Oct 2022 15:38:35 +0000

Canada’s oldest bank would like a little more clarity from the country’s central bank, going forward. BMO Economics wrote to investors this week, arguing the Bank of Canada (BoC) needs to be more transparent about their inflation data. After delivering a smaller-than-expected rate hike, the BoC presented a chart to justify its move. The data […]

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Canada’s Inflation Revisions Show Something Is “Really Wrong”: National Bank

Daniel Wong — Tue, 23 Aug 2022 14:53:59 +0000

Canadian core inflation, the BoC's preferred measure, was revised twice in two months, supporting rate hikes months before they began.

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Canada’s Inflation Hits A 39-Year High, Experts Say The Problem Is Far From Over

Stephen Punwasi — Wed, 20 Jul 2022 16:20:25 +0000

Canada’s inflation data came in lower than expected, but still advanced to a new high. The June Consumer Price Index (CPI) from Statistics Canada (Stat Can) showed the highest annual growth since 1983. It was less than the market expected but still accelerating and way above target. Experts see the elevated inflation requiring a contraction […]

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Bank of Canada Warns “Inflation Is Too High,” Makes Biggest Hike Since 1998

Daniel Wong — Wed, 13 Jul 2022 18:11:17 +0000

Canada’s economy got a bit of a surprise this morning — a massive rate hike. Analysts expected the Bank of Canada (BoC) to make a big move, just not the biggest in over 20 years. The central bank is hoping to temper inflation expectations by showing they’ll do whatever it takes. Canadians now face the […]

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Canadian Real Estate To Government, Organized Crime Infiltrated Everything: Intelligence

Stephen Punwasi — Thu, 07 Jul 2022 19:14:01 +0000

Some countries lack corruption and some lack investigations revealing corruption. Canada feels like the latter after the data Criminal Intelligence Service Canada (CISC) shared. CISC might not ring a bell, because they operate largely behind the scenes. They provide law enforcement with intelligence on organized crime groups and track activity. The agency’s 2021 Report on […]

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Canadian Households To Cut Spending and Pay Down Debts If Rates Rise: BoC

Daniel Wong — Tue, 05 Jul 2022 00:43:15 +0000

Higher interest rates might force Canadian households to do the unexpected — pay down debt. That was one of the findings in the Bank of Canada (BoC) Survey of Consumer Expectations. The Q2 2022 results show many households plan to change spending behavior if rates rise. It also revealed the average person expects inflation to […]

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Canada’s Inflation Hits The Highest Level Since 1983, But It’s More Like The 70s: BMO

Daniel Wong — Thu, 23 Jun 2022 04:36:16 +0000

Canadian inflation continues to rocket higher as rate hikes occur at a snail’s pace. The Bank of Canada (BoC) policy rate still isn’t at the level seen at the start of 2020, but annual growth of the consumer price index (CPI) reached 7.7% in May, the highest level since 1983. However, BMO Capital Markets urges […]

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Canada’s Inflation Is Higher Than Its Jobless Rate — It’s Rare & Bad News

Stephen Punwasi — Thu, 19 May 2022 02:58:53 +0000

Canadian inflation surged to a multi-decade high while the jobless rate plunged to a low. In April, the consumer price index (CPI) remained higher than the unemployment rate. According to the National Bank of Canada (NBF), it’s only happened a couple of times before and it was bad news. Canada’s Inflation Is Now Higher Than […]

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