Economists predict a slight rise in Canada's inflation to 1.9%, driven by higher fuel and property taxes.

Economists predict a slight rise in Canada's inflation rate to 1.9% in October, up from 1.6% in September, mainly due to higher gasoline prices and property taxes. Despite this increase, the overall trend is still expected to be downward, with core inflation dropping to 2.2%. The Bank of Canada has lowered its key interest rate to 3.75%, and economists anticipate further slowing of rent inflation due to a weaker labor market.

November 17, 2024
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