Canadian CPI Inflation Edges Up to 3.1% in September, While Core Inflation Slowed Further Below Its 2% Target The Consumer Price Index (CPI) rose 3.1% year over year in September, up from 3.0% in August. Higher gasoline prices led the acceleration in September (+27.8%) compared with August (+22.8%). Excluding gasoline, the CPI rose 2.2%, after increasing 2.4% in August. Moderating the acceleration in […]
Rising-Rate Jitters Sidelined Buyers in September, Tempering Sales For The Remainder Of This Year The number of home sales recorded over the Canadian MLS Systems fell by 2.3% m/m in September as inflation fears triggered the biggest bond selloff in years. Rising fixed mortgage rates have spooked potential buyers, even as home prices continue to fall. “After a four-month run […]
The Very Weak September Jobs Report For Canada Will Give the BoC Second Thoughts About Hiking Rates Employment fell in September, continuing a stream of lacklustre labour force surveys. Canadian jobs fell by 68,300, wiping out all of this year’s job gains as the trade war with the U.S. drags on and the Iran war continues. The employment rate fell for […]
The Very Weak September Jobs Report For Canada Will Give the BoC Second Thoughts About Hiking Rates Employment fell in September, continuing a stream of lacklustre labour force surveys. Canadian jobs fell by 68,300, wiping out all of this year’s job gains as the trade war with the U.S. drags on and the Iran war continues. The employment rate fell for […]
August inflation data is now out, and the headline is of course a 3% year over year increase for August. Compared to July, it’s actually down by 0.1% (not seasonally adjusted). If we exclude gasoline, the number drops to 2.4% for August. The main drivers of inflation over the past year have been: Travel and tours Shelter Food Transportation (including […]