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Thunder Bay inflation edges up in November
Statistics Canada shows Canada's annual inflation at 1.9 percent in November, with Thunder Bay at 2.2 percent. Core measures held at 2.6 and 2.7 percent while goods inflation slows and services rise. Bank of Canada rate stands at 3.25 percent after a recent cut. December figures may be volatile due to GST holiday effects and wage and housing costs continue to pressure prices.
MENTIONED IN THIS ARTICLE
Canada
Bank of Canada
Statistics Canada
Royce Mendes
Macro Strategy
Desjardins Capital Markets
Thunder Bay
Tiff Macklem
Inter
CIBC
Andrew Grantham