Bank of Canada: Here are the top inflation indicators taken into consideration
BNN Bloomberg
Here are the indicators on the Canadian central bank’s radar, when it comes to tackling high inflation.
On Tuesday, Statistics Canada reported the Consumer Price Index (CPI) rose 5.9 per cent in January compared to a year ago, slower than the estimated 6.1 per cent gain expected by economists tracked by Bloomberg.
However, core inflation measures are just one of the many factors the Bank of Canada takes into consideration with its key monetary policy rate decisions.
Here are the indicators on the Canadian central bank’s radar, when it comes to tackling high inflation.
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U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
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It’s that time of the year again, tax time, a time to file your annual return with the Canadian Revenue Agency.