Bank of Canada Governor Tiff Macklem takes part in a news conference, after cutting key interest rate, in Ottawa, Ontario, Canada July 24, 2024. REUTERS/Blair Gable

Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut

Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.


Canadians have become addicted to specials at grocery stores to the point that half of all grocery sales are specials.

Consumer food-buying behaviour changing rapidly

Inflation-strapped buyers turn to more discounts, cut their food-buying budgets

Canadian consumers have dramatically changed their grocery-buying patterns in the past year as food prices and housing inflation have squeezed their budgets. Demand and product changes in the food supply […] Read more