Canada's Inflation Plunges to 1.6%, Canadians Still Don't Trust the Data
#CanadianInflation #bankofcanada #canadianeconomy
Canada’s inflation rate dropped to 1.6% in September, the lowest its been (on paper) since 2021. However, according to new polls coming from the Bank of Canada, Canadian’s aren’t so much buying it.
Links:
Consumer Price Index, September 2024:
https://www150.statcan.gc.ca/n1/daily...
Canadian Survey of Consumer Expectations—Third Quarter of 2024:
https://www.bankofcanada.ca/2024/10/c...
Business Outlook Survey—Third Quarter of 2024:
https://www.bankofcanada.ca/2024/10/b...
Economists predict inflation dipped below 2% in September:
https://www.ctvnews.ca/business/econo...
Inflation rate drops to 1.6% in September:
https://www.cbc.ca/news/business/cana...
Canada Inflation Eases to 1.6%, Raising Jumbo Rate Cut Odds:
https://www.bnnbloomberg.ca/investing...
Canada Inflation Eases to 1.6%, Raising Jumbo Rate Cut Odds:
https://financialpost.com/pmn/busines...
Canada's economy added 47,000 new jobs in September, unemployment rate ticked down:
https://www.cbc.ca/news/business/jobs...
“The engine for the world economy” adds over 250,000 jobs:
https://www.london.edu/news/lind-yueh...
Federal Deficit Hit $1.8 Trillion for 2024, CBO Says:
https://www.wsj.com/politics/policy/b...
Canada’s inflation rate falls to 1.6% in September, raising odds of larger BoC rate cut:
https://www.theglobeandmail.com/busin...
Canada 5 Year Government Bond:
https://www.marketwatch.com/investing...
Bank of Canada Cuts Rates a Third Time – Is Now a Good Time to Buy a Home?:
https://www.morningstar.ca/ca/news/25...
Bank of Canada cuts interest rate to 4.25%, signals more easing to come:
https://financialpost.com/news/econom...
Posthaste: Why Canada's housing market could rebound sooner than many expect:
https://financialpost.com/news/housin...
Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey:
https://www.bnnbloomberg.ca/business/...
Canadian economy to remain sluggish to year-end says Conference Board:
https://www.wealthprofessional.ca/new...
Bank of Canada needs to rebuild public trust after inflation: governor Tiff Macklem:
https://www.ctvnews.ca/business/bank-...
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