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Canada's annual inflation held at 3.1% in November, above the 2.9% analysts expected, with mortgage interest and rent among the largest contributors. Core measures were also elevated, and economists said the readings were too warm for the Bank of Canada.
Sticky inflation keeps Bank of Canada rates high, supporting the Canadian dollar and tightening credit conditions that weigh on domestic livestock and feed demand.
financialpost.comGigi SuhanicDec 19, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
