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👉Canada's inflation rate cooled to 2% in August, the lowest since February 2021, as reported by Statistics Canada. Monthly consumer prices fell by 0.2%, driven by decreases in gasoline, telephone services, and clothing prices. However, shelter costs, including rent, rose by 8.9%. The Canadian dollar weakened slightly following the news. The Bank of Canada, having reduced its key rate by 75 basis points since June, is expected to continue rate cuts. Analysts predict further drops in inflation to 2.4% next year, aiming for the central bank's target range of 1-3% by 2026.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaEconomy #InflationUpdate #CPIReport #BankOfCanada #GasPrices #RentCosts #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's annual inflation rate dropped to 2.9% in January, a significant decrease from December's 3.4%. The primary contributor to this decline was lower gasoline prices on a year-over-year basis. Additionally, the growth in grocery prices slowed, increasing by 3.4% annually, down from 4.7% in December. On a seasonally adjusted basis, prices experienced their first decline since May 2020, according to the consumer price index report. The Bank of Canada's preferred core inflation measures, designed to eliminate price volatility, also saw a reduction last month.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadianEconomy #InflationUpdate #PriceDecline #ConsumerPriceIndex #BankOfCanada #EconomicNews #GroceryInflation #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's inflation rate eased to 3.1% YoY in October, down from 3.8% in September, largely attributed to a 7.8% drop in gasoline prices. Excluding gasoline, the consumer price index increased by 3.6%. Prices for goods rose by 1.6%, while services increased by 4.6%, driven by higher costs for travel tours, rent, and special charges. Bank of Montreal's chief economist, Douglas Porter, suggests the report supports no need for further interest rate hikes amid economic challenges. Mortgage interest costs surged by 30.5%, and rent increased by 8.2%, contributing to inflation.✅ . . #InflationUpdate #StatisticsCanada #EconomicIndicators #FinancialNews #InflationData #EconomicStatistics #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews