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Money Inflation rises again, hitting 2.4 per cent in January: Statistics Canada

16:15  19 february  2020
16:15  19 february  2020 Source:   msn.com

Statistics Canada says economy added 34,500 jobs in January, unemployment down

  Statistics Canada says economy added 34,500 jobs in January, unemployment down Statistics Canada says economy added 34,500 jobs in January, unemployment downThe increase in jobs came as the unemployment rate fell to 5.5 per cent compared with 5.6 per cent in December, according to the monthly labour force survey.

Canada 's annual inflation rate in October rose to 2 . 4 percent from 2.2 percent in September as the air transportation, passenger vehicle and travel tour indexes accelerated, Statistics Condo buildings line both sides of Gardiner Expressway in downtown Toronto, Ontario, Canada on August 31, 2017.

Annual inflation rate in the US climbed to 2.5% in January of 2020 from 2.3% in December and beating market forecasts of 2 . 4 %. Inflation Rate in the United States averaged 3.25 percent from 1914 until 2020, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80

a store filled with lots of oranges on a table© Provided by The Canadian Press

OTTAWA — Statistics Canada says the annual pace of inflation in Canada jumped 2.4 per cent to start 2020, fuelled by higher costs at the gas pump and pricey tomatoes.

The move compared with a year-over-year increase of 2.2 per cent in December.

Related video: 5 great ways to save more on groceries [Provided by GoBankingRates]

Economists had expected a reading of 2.3 per cent for January, according to a poll by financial markets data firm Refinitiv.

Most Ontario teachers have now lost between 2 and 3 days of regular pay because of strikes

  Most Ontario teachers have now lost between 2 and 3 days of regular pay because of strikes Most Ontario teachers have now lost between 2 and 3 days of regular pay because of strikesTeachers are paid a salary to work 194 days per year, which has resulted in them losing about 0.5 per cent of their salary per strike day so far. If the unions proceed with a fourth strike day for their members, that will result in a loss of pay at about two per cent, the inflation rate that was recorded by Statistics Canada for December 2019.

Canadian inflation rose in January . Investing.com - The overall rate of inflation in Canada picked up in January , Statistics Canada said on Friday. The consumer price index rose 1.7% last month, compared with the same month a year earlier.

Canada 's annual inflation rate in February rose to 1.5 percent from 1. 4 percent in January as lower gasoline prices exerted downward pressure on the overall rate, Statistics Canada said on Friday. Separate data from Statistics Canada showed Canadian retail sales fell by 0.3 percent in January

Gas prices in January increased 11.2 per cent compared with a year ago as prices rose at the start the month due to concerns about events in the Middle East only to move lower later in the month in response to the novel coronavirus outbreak.

Statistics Canada said Wednesday that excluding gasoline the year-over-year inflation rate would have been two per cent in January.

Costs grew for fresh vegetables by five per cent, largely attributable the agency says to a 10.8 per cent bump in the price of tomatoes stemming from inclement weather in growing regions of the United States and Mexico.

The overall increase in prices of 2.4 per cent compared with a year ago was also driven by increased mortgage interest costs, purchases of passenger vehicles, auto insurance premiums, and a bump in rents.

The increases were partly offset by lower prices for telephone services, internet access, tuition fees and traveller accommodation.

The average of Canada's three measures for core inflation, which are considered better gauges of underlying price pressures and closely tracked by the Bank of Canada, was 2.033 per cent compared with 2.067 per cent for December.

Regionally, prices on a year-over-year basis rose more in January than December in every province except Ontario and Quebec.

This report by The Canadian Press was first published Feb. 19, 2020.

Statistics Canada says economic growth slowed to 0.3% annual pace in Q4 .
Statistics Canada says economic growth slowed to 0.3% annual pace in Q4The federal agency also revised its reading for the third quarter down to an annual rate of 1.1 per cent compared with its initial report of 1.3 per cent.

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