18 October 2013
18 October 2013
Canadian inflation is low – fixed mortgage rates are going down
The recent report shows that Canadian core inflation was 1.3% in September on a year-over-year basis, while the Bank of Canada’s target is 2%. Meanwhile, the headline index was up by 1.1%.
The Royal Bank of Canada expected Canada’s CPI inflation to show 1.0%, and the core index to be 1.4%…