inflation canada news

Canada's inflation rate finally hit the Bank of Canada's target. What does that mean for prices?

Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada's target in its long campaign to cool price growth.

Bloomberg L.P. · 2d

Bank of Canada Officials Split on Balance of Inflation Risks

Some Bank of Canada officials are increasingly worried about downside risks to inflation as they decide how to set interest rates, while others see them as more balanced.

Reuters on MSN · 5h

Bank of Canada: AI could boost inflationary pressures in short-term

OTTAWA, Sept 20 (Reuters) - Bank of Canada Governor Tiff Macklem on Friday said adoption of artificial intelligence (AI) by businesses could add to price pressures in the short term by boosting demand, even though its full effects would not be visible any time soon.

AI Threatens to Complicate Inflation-Taming Tasks, Bank of Canada Gov. Macklem Says

Adoption of artificial intelligence could prompt firms to change prices more frequently to reflect economic conditions.

Bank of Canada Gov: AI Investments Could Add Short-Term Inflationary Pressure

OTTAWA--Investments in productivity-enhancing artificial intelligence are boosting demand in the economy, and that could put upward pressure on inflation in the short term, Bank of Canada Gov. Tiff ...

3don MSN

Canada’s inflation drops to 2% in August, signalling economic stability amid housing concerns

Canada's annual inflation rate fell to 2% in August 2024, its lowest level since February 2021, making a surprising event for ...

Reuters3d

VIEW Canada's inflation cools to 2% in Aug, reaches central bank's target

TORONTO, Sept 17 (Reuters) - Canada's annual inflation rate reached the central bank's target in August as it cooled to 2 ...

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