Free Trial
AUSTRALIA DATA

CBA Card Data Shows Elevated Spending Growth But Easing

BONDS

NZGBS: Post-RBA Pressure

CNH

USD/CNH Eyeing Break Back Below 6.7800

AUD

A$ Rallies On More Hawkish RBA Outlook

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: Canada Oct Inflation Steady at 6.9%, Core Rates Tick Up

(MNI) OTTAWA

Canada's inflation rate was unchanged at 6.9% in October while core prices edged back toward record highs, the last such figures central bankers see before deciding whether to hike another 50bps next month or to step back to a quarter-point move.

Consumer prices climbed 0.7% on a monthly basis, less than the 0.9% economists predicted, and the year-over-year pace also lagged the forecast of 7%. Headline inflation is still closer to June's four-decade high of 8.1% than the Bank of Canada's 2% target that policy makers say won't be reached until the end of 2024.

Keep reading...Show less
295 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Canada's inflation rate was unchanged at 6.9% in October while core prices edged back toward record highs, the last such figures central bankers see before deciding whether to hike another 50bps next month or to step back to a quarter-point move.

Consumer prices climbed 0.7% on a monthly basis, less than the 0.9% economists predicted, and the year-over-year pace also lagged the forecast of 7%. Headline inflation is still closer to June's four-decade high of 8.1% than the Bank of Canada's 2% target that policy makers say won't be reached until the end of 2024.

Keep reading...Show less