CPI – Benefits Canada.com

July consumer price index hits 3.7 per cent: StatCan

Gideon Scanlon — Thu, 26 Aug 2021 15:00:54 +0000

Canada’s consumer price index rose by more than half a per cent in July, reaching 3.7 per cent on a year-over-year basis, according to Statistics Canada. Canadians saw the cost of shelter rise faster than any other spending category outside of gasoline, with real estate prices rising 13.4 per cent year-over-year. Inflation hit new home […]

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Bank of Canada looks for broader input in updating inflation target framework

mschmit — Tue, 25 Aug 2020 04:48:01 +0000

The Bank of Canada is turning to the public for input on its inflation-rate target that underlies any changes to the central bank’s trend-setting interest rate. The bank had already planned on a much broader consultation than what it did for previous reviews long before the coronavirus pandemic struck Canada and forced a sharp decline […]

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June inflation rate turns positive amid early stages of economic reopening

mschmit — Fri, 24 Jul 2020 03:41:53 +0000

The country’s inflation barometer turned positive last month after two months of deflation as the consumer price index increased by 0.7 per cent in June compared to a year earlier, Statistics Canada reported Wednesday. The consumer price index had registered two months of negative readings leading up to June, first with 0.2 per cent annualized […]

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Statistics Canada analysis suggests small hit to inflation from pandemic

mschmit — Tue, 14 Jul 2020 04:10:10 +0000

Statistics Canada says Canadians’ buying patterns changed so much during the coronavirus pandemic that its measure of consumer inflation went a little wobbly. The agency previously reported that year-over-year inflation declined by 0.2 per cent in April, then took a further drop of 0.4 per cent in May as lockdowns put a damper on consumer […]

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Coronavirus to leave some lasting economic damage, Bank of Canada chief says

mschmit — Tue, 23 Jun 2020 02:59:26 +0000

The coronavirus pandemic will leave some long-term economic damage that will only become clearer as the country moves further along a “prolonged and bumpy” course to recovery, Canada’s top central banker says. In his first speech as governor, Tiff Macklem said the central bank expects to see growth in the third quarter of this year […]

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Annual inflation rate turned negative in April, Statistics Canada reports

mschmit — Thu, 21 May 2020 04:30:01 +0000

Canada’s inflation rate turned negative in April as the economy came to a standstill in the first full month of the pandemic as part of a spending shift that a top central banker says may signal further changes in consumption patterns post-COVID-19. Statistics Canada said Wednesday the consumer price index for April fell 0.2 per […]

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Laying the foundation for real estate investing

mschmit — Wed, 26 Feb 2020 02:17:27 +0000

As alternative asset classes continue to be a major area of interest for institutional investors, considering the benefits and drawbacks of real estate as an allocation is an important exercise. In Canada, real estate, particularly residential, in core metropolitan areas has been an area of major investor and media interest as property values have skyrocketed. […]

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The Canadian Housing Bubble

mschmit — Thu, 21 Apr 2011 04:11:09 +0000

How should policymakers tame prices?

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