North American markets rise on inflation dip and Fed rate expectations
Canada’s S P/TSX edged higher as inflation fell to 2.8 percent in February led by services and groceries. U S markets climbed ahead of the Federal Reserve rate decision with Dow up 320 points and S P 500 up 29 as traders weigh wage data and rate cut prospects.
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Toronto
Canada
U.S
New York
Gardner
Bank of Canada
U.S. Federal Reserve
Inflation cools in Canada easing pressure on rate cuts
Statistics Canada reports February inflation at 2.8 percent, aided by sharp drops in wireless and internet services and slower grocery price growth. Thunder Bay reads 2.2 percent, while economists expect the Bank of Canada to start cutting rates soon as high rates slow inflation.
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Statistics Canada
Brianne Gardner
Velocity Investment Partners
Raymond James Ltd
Bank of Canada
Canada
Ottawa
Thunder Bay
Katherine Judge
Cibc Capital Markets
Tiff Macklem
Macklem
Inflation cools in Canada but groceries and housing stay costly
Statistics Canada data show inflation easing toward the two percent target, with February within the Bank of Canada range. Grocery prices rose 21.6 percent from Feb 2021 to Feb 2024, while mortgage costs climbed 26.3 percent and rents 8.2 percent. Bank of Canada signals potential rate cuts mid-year as core measures improve and the labour market cools.
MENTIONED IN THIS ARTICLE
Gardner
Fed
Statistics Canada
Bank of Canada
Air Canada CEOs clash with advocates over on board accessibility
Air Canada chief Michael Rousseau told a House transport panel that most of the 1.3 million passengers who asked for special assistance last year had a positive experience and cited training as the fix but disability advocates countered that many travelers face long waits and poor service.
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Air Canada
Michael Rousseau
Canada
House of Commons Transport Committee
Rousseau
David Lepofsky
Heather Walkus
Council of Canadians With Disabilities
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the Source
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360
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Ticketmaster.ca
Ntorium Buckcherr
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