Canada’s Inflation Accelerates to 2.4% in September, Complicating Bank of Canada’s Next Move
Canada’s annual inflation rate rose more than anticipated in September, potentially complicating—but not derailing—expectations for another Bank of Canada (BoC) interest rate cut next week. According to Statistics Canada, the consumer price index (CPI) increased 2.4% year over year, up from 1.9% in August and above the consensus forecast of 2.2% from CIBC Economics. Also…


