Canadian inflation continued to cool in February, with price pressures rising a smaller-than-expected 5.2 per cent year-over-year in the month – the largest deceleration in headline inflation since April 2020.
Canadian inflation continued to cool in February, with price pressures rising a smaller-than-expected 5.2 per cent year-over-year in the month
– the largest deceleration in headline inflation since April 2020. While the headline figure is encouraging, when it comes to the Bank of Canada’s ongoing fight to get inflation back to target, there are still some sticky issues at play. Core inflation, which strips out the most volatile items, remains stubbornly at around five per cent, and the pain persists in the produce aisle – food prices rose 10.6 per cent year-over-year in the month, the seventh straight month of double-digit increases.
. Futures are pointing to further gains this morning, building on yesterday’s modest rally. It remains a financial stability story for the most part as investors assess contagion risk among the regional banks, with these gains coming on the back of reports U.S. officials are studying ways to temporarily guarantee all bank deposits, assuaging fears of further collapses.
Canaccord Genuity has named Amy Freedman and former Ontario Finance Minister Rod Phillips to its board of directors, partially replacing those directors that departed due to a schism over management’s take-private plan for the company.Notable earnings: Canadian Solar, Nike, GameStop
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