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Updated November 13, 2024 at 8:46 AM. Inflation is still a thing. ... The inflation data perfectly matched forecasts, which had predicted a slightly higher Consumer Price Index in October.
The Chained Consumer Price Index C-CPI-U, a chained index, has been introduced. The C-CPI-U tries to mitigate the substitution bias that is encountered in CPI-W and CPI-U by employing a Tornqvist formula and utilizing expenditure data in adjacent time periods in order to reflect the effect of any substitution that consumers make across item ...
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.
The final CPI release before the Fed's meeting is expected to be released at 8:30 a.m. ET on Wednesday. Wall Street economists expect headline inflation rose 2.7% annually in November, an increase ...
October 10, 2024 at 1:14 PM. ... in fact, boosted the odds that the Fed will trim its policy rate by 25 basis points in November to 87% following the CPI release.
From November 2017 through October 2018, Canada's unemployment ranged from 5.8% to 6.0%. [34] In Canada in October 2018, 11,200 new full-time jobs were added, lowering the unemployment rate to 5.8%—a "40-year low, underpinning expectations that the Bank of Canada would keep raising interest rates". [13]
Each April 1 (resumed in 2024), based on Canada CPI for the previous calendar year. [14] There were additional increases of $0.50 on October 1, 2020, $0.25 on April 1, 2021, $0.25 on October 1, 2021, [15] $0.50 on October 1, 2022 and $0.50 on October 1, 2023. On April 1, 2023, the minimum wage was increased by $0.80 in lieu of indexation.
October 23 – The Bank of Canada lowers the key interest rate to 3.75%, a drop of 0.5%. This was after inflation fell to 2%, with the Bank of Canada wanting to increase demand. [108] October 28 – The 2024 Saskatchewan general election is held. The Saskatchewan Party wins a fifth consecutive majority government. [109]