Bank of Canada recently signalled it could deliver larger interest rate cuts
Statistics Canada says prices rose 2% in August from a year ago, the lowest mark since February of 2021 and down from 2.5% in July. The slowdown in price growth was steeper than forecasters expected and will likely spark speculation of a larger interest rate cut next month from the Bank of Canada. Governor Tiff Macklem recently signalled that the central bank is ready to deliver larger interest rate cuts, if inflation or the economy slow by more than expected. Subscribe to CP24 to watch more videos: https://www.youtube.com/Cp24TorontoBreakingNews Connect with CP24: For the latest news: https://www.cp24.com/ For the latest videos: https://www.cp24.com/video CP24 Live and Interactive: https://www.cp24.com/now CP24 on Twitter: https://twitter.com/CP24 CP24 on Facebook: https://www.facebook.com/CP24Toronto/ CP24 on Instagram: https://www.instagram.com/cp24breakingnews/ CP24 on TikTok: https://www.tiktok.com/@cp24breakingnews CP24 Breakfast on Twitter: https://twitter.com/CP24Breakfast CP24 Breakfast on Instagram: https://www.instagram.com/cp24Breakfast --- CP24 is Toronto's #1 source for breaking news.
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Statistics Canada says prices rose 2% in August from a year ago, the lowest mark since February of 2021 and down from 2.5% in July. The slowdown in price growth was steeper than forecasters expected and will likely spark speculation of a larger interest rate cut next month from the Bank of Canada. Governor Tiff Macklem recently signalled that the central bank is ready to deliver larger interest rate cuts, if inflation or the economy slow by more than expected.
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CP24 is Toronto's #1 source for breaking news.
Video length: 2:45
Category: News & Politics
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Channel: CP24
Statistics Canada says prices rose 2% in August from a year ago, the lowest mark since February of 2021 and down from 2.5% in July. The slowdown in price growth was steeper than forecasters expected and will likely spark speculation of a larger interest rate cut next month from the Bank of Canada. Governor Tiff Macklem recently signalled that the central bank is ready to deliver larger interest rate cuts, if inflation or the economy slow by more than expected.
Subscribe to CP24 to watch more videos: https://www.youtube.com/Cp24TorontoBreakingNews
Connect with CP24:
For the latest news: https://www.cp24.com/
For the latest videos: https://www.cp24.com/video
CP24 Live and Interactive: https://www.cp24.com/now
CP24 on Twitter: https://twitter.com/CP24
CP24 on Facebook: https://www.facebook.com/CP24Toronto/
CP24 on Instagram: https://www.instagram.com/cp24breakingnews/
CP24 on TikTok: https://www.tiktok.com/@cp24breakingnews
CP24 Breakfast on Twitter: https://twitter.com/CP24Breakfast
CP24 Breakfast on Instagram: https://www.instagram.com/cp24Breakfast
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CP24 is Toronto's #1 source for breaking news.
Video length: 2:45
Category: News & Politics
99 comments
