Oct 20, 2017
By Michael Kramer
Many experts say the latest inflation numbers are weak enough to encourage the Bank of Canada to hold off on any increase to its benchmark rate – at the next scheduled policy meeting on Wednesday.
The annual inflation rate moved higher last month – edging up 0.2 percentage points from August – to 1.6 per cent…largely driven by higher gasoline prices.
But only one of the central bank’s three preferred measures of core inflation – which cut through the static of more-volatile items, rose in September – while the others remained stationary.
All three are below the bank’s ideal target of 2.0 per cent.