# Inflation holds in November: What economists say

> 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.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/32947-inflation-holds-in-november-what-economists-say
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Sticky inflation keeps Bank of Canada rates high, supporting the Canadian dollar and tightening credit conditions that weigh on domestic livestock and feed demand.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/economy/inflation-holds-november-what-economists-say/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.