Canadian inflation comes in below expectations in October

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Canada’s annual inflation rate held steady in October, but some key gauges of underlying price pressures trended higher, likely keeping the central bank on track to press ahead with interest rate hikes. BNN Bloomberg's Andrew Bell reports.

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Canada inflation steady at 6.9%, keeping rate hikes on track - BNN BloombergCanada’s annual inflation rate held steady in October, but some key gauges of underlying price pressures trended higher, likely keeping the central bank on track to press ahead with interest rate hikes. 75 bps over nite interest rate hike in December frim bankofcanada is now a certainty. More hikes early next year. It's justinflation 50bps rate hike in December at a minimum. Oil spikes so will inflation. Inflation will not go down as easily and should remain elevated well into next year. Should still see a couple more rate hikes in 2023. Housing boom is over...won't be a hot market in 2023 guaranteed
Source: BNNBloomberg - 🏆 83. / 50 Read more »