Canada’s inflation rate falls to 2.7% in April as price growth slows across economy
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- Опубліковано 20 тра 2024
- Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth, Statistics Canada reported Tuesday.
The agency says the slowdown from 2.9 per cent in March was led by food prices, services and durable goods.
Tuesday’s consumer price index report bears good news for the Bank of Canada, which has been looking for a sustained decline in inflation toward its two per cent target.
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The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the Canadian dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
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Remember when we measured inflation annually? Remember when it was reported accurately? I miss those times.
With such high food price, carbon tax increases plus gas prices at the pump jump in April..How’s that possible the CP-Lie will come down?
Food and everything else is going up so doubt inflation is down
Its the rate of change that is falling - or disinflation
Food prices shouldn't be going up AT ALL!
This is just another lie.
Carbon tax causes that
@@jumbome7420They are making historic levels of profit but still charging crazy prices. It’s not necessarily the carbon tax, it’s normal corporate greed.
Inflation number this month based off mens xxxl underwear and for food they used radishes.
@@OpalLeigh it’s one houndred percent from the carbon tax they have just ran away with the gouging
@@jumbome7420 The carbon tax adds
They try to make it sound like prices are down but in reality its another 2.7% on top of the high prices we are paying now.
CP (Lie)
The Bank of Canada doesn't cut rates because inflation is at 2%.
They need to see a sustained trend in both Canada and the US to do that because Canada trades so much with the US.
Bull. Why make such stories. Tell the government to bring down the prices! Salaries are stagnant
Lol fastfood is about $3-5 more, servings is so much smaller, drinks are no longer refillable. Groceries are still high! All these numbers doesn’t mean much when in reality everything is unaffordable!
What a joke ! So full of shit !! Everyone should look at the price of silver, highest it has ever been. Check it out.
We need to see prices reduced for groceries!! Prices are still very high.
That's still 0.7 above it's goal,no cuts
i would like to add this little tidbit.. as long as inflation still is a positive value, inflation is still going up... the only positive is when inflation comes in as a negative which means inflation is going down. being a 2.7% is still a bad sign..
Getting gouged everywhere you turn nowadays. Makes me sick
Let’s see if they revise that number later.
Food prices are affected by the price of Gasoline. Because food is moved around Canada by Truck, the cost of Diesel is reflected in Food Prices.
Canada needs an audit.
It's interesting that reported data is not the reality of the people living their day to day lives. Which reminds me, why does Justin need to tax us when he can simply print more money?
Well in Saskatchewan our food prices have not gone down!!!
no it has not fallen it's gone up
My tomato and fig trees doing well.
Your Internet bill could feed you instead, from a garden.
The rich are asking for rate cuts, the poor NEED rate hikes. Rate hikes will bring down inflation. Please someone help the poor
What a joke. Canadian journalists literally receive grants from the government that comprise up to 50% of their income... When my bank account stop shrinking week after week, I'll know that prices have normalised.
Stats Can inflation rate doesn't include food, energy, and housing. This report is erroneous and misleading. Do your homework people
Food has not dropped at all so I call bs
Interest rates won't be coming down any time soon...the central bank wants mortgage holders to lock in with the higher interest rates before it comes down.
Cutting rates will allow newly rich home owners to get a line of credit on their houses and spend more, causing prices to rise.
I would love to have a look at these fellas T-4s. Easy to talk about when you afford to talk about it.
More BS !!!!
no change.
my salary does not go up monthly 2.7 percent.. what are you babbling about !!!
Lie😢
Gas is down that’s why
😂😂 i saw comment then in june
Tony is a liar.
Joke😂
Bullshit
still not voting liberal
lol more Poilievre and Conservative lies about the carbon tax being exposed. How can the carbon tax and carbon rebates go up but inflation come down lol?😂😂
Not the brightest are you. lol liking your own comment haha
@@jumbome7420 I never liked my own comment you noob.😂
@@Sam19509 lol keep crying
@@jumbome7420 go cry with Poilievre after he choked the next election or when Harper ripped him a new one for talking trash about Residential School Settlements on the radio before Harper gave his televised apology in the House overshadowing the historic moment. Poilievre can’t help himself he was born a moron.
I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
Yeah, since meeting expert Evelyn, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.
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She's a licensed broker here in the states.
So your rent won't double for at least the next 6 months