# Inflation rate ticks up, but Bank of Canada likely to keep interest rates steady come December - Financial Post

> Statistics Canada reported October annual inflation rose to 2.4 percent from 2.2 percent, above the Bank of Canada's target for a ninth straight month. Markets saw little chance of a December rate hike, and analysts expect lower oil prices to pull inflation down.

- Date: 2018-11-23 · published 2018-11-23T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/62274-inflation-rate-ticks-up-but-bank-of-canada-likely-to-keep-interest-rates-steady
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Limited rate-hike expectations keep Canadian interest rates steady, which has modest influence on the loonie and therefore on Canadian-origin commodity competitiveness. The article has little direct bearing on feed grain prices.

## Read by commodity

- USDCAD: neutral

## Sources

- financialpost.com: https://financialpost.com/economy/wrapup-1-canada-inflation-ticks-up-central-bank-seen-keeping-rates-steady/

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