0910 ET - Despite the hotter-than-expected CPI report for Canada, there are signs of encouragement on the inflation front for Bank of Canada policymakers. Inflation rose 2% in October, or an acceleration from the prior month's 1.6% reading. The BOC cut its policy rate by a half point in October to help keep inflation near 2%. The report, however, is unlikely to dissuade BOC policymakers from pressing on with rate cuts for two reasons: services CPI decelerates in October, to 3.6%, or the smallest 12-month increase in nearly 3 years; and shelter price growth continues to ease, up 4.8% in October from the prior month's 5% reading. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
November 19, 2024 09:10 ET (14:10 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。