Despite inflation slowing in December, Bank of Canada still expected to hike rates

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Canada's annual inflation rate slowed last month but economists are still expecting the Bank of Canada to hike its key interest rate next week.

Last Updated Tuesday, January 17, 2023 2:31PM ESTrate slowed last month but economists are still expecting the Bank of Canada to hike its key interest rate next week.

The economist expects the strong December jobs report to push the central bank to raise its key rate by a quarter of a percentage point at its next rate announcement on Jan. 25. Meanwhile, Canadians saw some relief at the pump last month, paying 13.1 per cent less compared with November. The federal agency said the price of crude oil dropped amid concerns of a slowing global economy.

 

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But of course they will why not make all of us minions suffer

Crooks, just 😈

What time does the public show up? Right now all I can think of is 'bumper cars' lots and lots of Tesla bumper cars.

cristina_CP24

Can't afford meat anymore, eat eggs now for protein

I don’t understand how stupid these people are you have to get rid of the carbon tax and get the price of diesel down to a reasonable level which will lower transportation cost and farmer cost wake up you stupid a holes

Idiots

Again

“Grocery prices were up 11 per cent in December on an annual basis, a slight improvement from 11.4 per cent in November, Statistics Canada said”. Absolutely not. My grocery bill is at least 30% more than a year prior.

They are now committed to increasing unemployment, regardless of how it impacts inflation.

Eggs, butter, milk, internet. New luxury items.

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