1022 ET - Even with a hotter-than-anticipated October CPI data, inflation dynamics in Canada remain contained and within the Bank of Canada's comfort zone, says Charles St-Arnaud, chief economist at Alberta Central. The BOC's preferred core CPI measures accelerate in October to an average 2.8%, but that marks the ninth straight month below 3% or the upper limit of the BOC's target range, St-Arnaud says. The economist adds the most recent BOC forecast expects inflation to average 2.1% in 4Q. Overall, the inflation dynamics "remain consistent with inflation within the target band" of 1% to 3%, says St-Arnaud, who is sticking to his call for a half-point rate cut from BOC next month. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
November 19, 2024 10:22 ET (15:22 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。