Economists Expect Inflation Slowed Again in October as High Interest Rates Take Hold

Published on November 20, 2023

Forecasters anticipate Canada’s inflation rate took another dip in October as gasoline prices fell from the previous month and grocery prices rise more slowly. Statistics Canada is set to release its consumer price index report tomorrow, coinciding with the federal government’s fall economic statement. BMO expects the annual rate to come in at 3.2 percent for October, while RBC is forecasting the rate fell to 3.1 percent. Canada’s inflation rate came in at 3.8 percent in September. A further slowdown would be welcome news for the Bank of Canada as it looks for evidence of a sustained slowdown in consumer price growth....

Continue reading on website
Other news

China and Fracking: Checking Nikki Haley’s Cries of ‘Hypocrisy’ Against Ron DeSantis

November 20, 2023
Former UN Ambassador Nikki Haley has taken the opportunity to attack Florida’s Gov. Ron DeSantis at the past two Republican presidential debates.Among the governor’s many campaign pillars, two that have continued to come to the surface are his stance on drilling and hydraulic fracturing (also known as fracking) in the United States and his stance on communist China.However, Ms. Haley has cried hyp

Los Angeles Freeway Fully Reopens After Arson Fire

November 20, 2023
LOS ANGELES—An elevated Los Angeles freeway closed for more than a week because of an arson fire reopened ahead of Monday morning’s commute, at least a day earlier than previously announced and weeks ahead of the original estimate.“Welcome back, Los Angeles!” Mayor Karen Bass posted late Sunday on X, formerly known as Twitter.The Nov. 11 blaze, fed by flammable materials stored under the roadway i