Panel: Canada's 'comforting' October CPI report
Jean-François Perrault, senior vice-president and chief economist at Scotiabank, and David Doyle, head of economics at Macquarie Group, join BNN Bloomberg to discuss the October CPI report. Canada’s inflation rate slowed to 3.1 per cent in October, in line with expectations, down from 3.8 per cent in September. Perrault calls it a 'comforting' report that solidifies the case for no further action from the BOC. He expects a rate cut in the summer of 2024. Doyle meanwhile, expects easing in the second half of 2024.
Jean-François Perrault, senior vice-president and chief economist at Scotiabank, and David Doyle, head of economics at Macquarie Group, join BNN Bloomberg to discuss the October CPI report. Canada’s inflation rate slowed to 3.1 per cent in October, in line with expectations, down from 3.8 per cent in September. Perrault calls it a 'comforting' report that solidifies the case for no further action from the BOC. He expects a rate cut in the summer of 2024. Doyle meanwhile, expects easing in the second half of 2024.
