Canada October Inflation Stays Near Bottom of Target Band

From bloomberg.com

Canada’s inflation rate remained near the bottom of the central bank’s target band for a third month in October as slower gains in energy prices blunted increases in property taxes and restaurant meals. The consumer price index rose 1.2 percent in October from a year ago, the same as the prior two months, Statistics Canada said today from Ottawa. Core inflation, which excludes eight volatile products, advanced at a 1.3 percent pace for a second month. Economists surveyed by Bloomberg forecast total inflation would be 1.1 percent and the core rate would be 1.2 percent. The Bank of Canada has held its key ... (full story)