Canada’s annual inflation stays at 3.0% in August
The CPI matched July’s annual increase as slower gasoline-price growth weighed on the headline rate.
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The CPI matched July’s annual increase as slower gasoline-price growth weighed on the headline rate.
Statistics Canada says employment declined while the national unemployment rate stayed at 6.4%.
The tax will return at half its regular rate in February and March, with a stated additional fiscal cost of C$2.9 billion.
Growth in construction was offset by declines elsewhere, leaving monthly output broadly flat.
Manufactured-product prices rose 1.3% monthly, while raw-material prices advanced 3.1%.
Exports fell and imports rose, narrowing the monthly merchandise surplus from June’s $4.2 billion.
The proposed Productivity Mega Deduction would cover about two-thirds of capital investment and cost C$36 billion over five years.
The CPI increased 0.4% month over month; food prices remained lower than a year earlier.
Infrastructure investment was down 4.0%, and private investment contracted 10.1%.
Manufacturing rose 6.1%, while mining output contracted 1.4% year over year.
The factory-gate index increased 0.4% monthly, while consumer-goods prices were down year over year.
Profits grew 4.2% in August alone, with manufacturing gains offset by losses in utilities.
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