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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (120320)2/16/2022 9:39:54 AM
From: Goose94Read Replies (1) of 203382
 
Gold: Cdn$ Inflation Day In Canada

Inflation unexpectedly jumped to a fresh multi-decade high in January. Statistics Canada’s consumer price index rose 5.1 per cent year-over-year last month, which outpaced expectations, marked an acceleration from December, and was the highest reading since inflation shot up 5.5 per cent in September of 1991. Based on data tracked by Bloomberg, markets are now pricing in at least seven rate hikes by the Bank of Canada this year, with liftoff seen as a lock for next month.
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