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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (162767)	9/19/2023 9:42:20 AM
From: Goose94	Read Replies (1) of 202156

Gold: Cdn$ Coming in hot Canadian inflation reaccelerated to four per cent on a headline basis, the highest level since April.This was driven mostly by gasoline prices, while food inflation cooled somewhat to 6.9 per cent in August versus 8.5 per cent in July. It is unclear whether the Bank of Canada will look past the uptick in inflation because it was driven by energy. However, the core inflation rate also picked up to 4.1 per cent. The cost of housing is also continuing to climb higher, in large part because of rising interest rates. Mortgage costs are up 30.9 per cent from last August and rent rose 6.5 per cent. The next rate decision isn’t until Oct. 25 but this afternoon we will hear from Deputy Governor Sharon Kozicki in a speech about monetary policy in a post-COVID world. We will watch for any comments about today’s inflation number. BNN.ca

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